Compensation and Benefits
Managing compensation and benefits is a key function of HR. Employees are always looking out for the best benefits and perks that go beyond monetary rewards.
The Top 5 Benefits Singaporeans Expect
Besides monthly salary and AWS/performance bonuses, here are the top benefits employees in Singapore now expect to receive at a full-time, permanent role. Note that due to things like COVID-19 causing priority shifts, benefits like WFH expenses have become more popular.
Reimbursement for WFH expenses
As remote work grows increasingly popular, more companies have started to provide workers with stipends to cover work-from-home expenses. These often cover things like Internet costs and general office supplies.
Flexible scheduling
Heightened awareness of the importance of a work-life balance and the needs of workers with children has led to this. With flexible scheduling, employees can better account for other needs and responsibilities in their lives.
Wellness initiatives
Some companies offer physical health programmes such as gym memberships. Meanwhile, others focus on mental health, offering access to mental health apps and support facilities.
Dental care
This is often one of the most-requested benefits from employees. Fortunately, dental plans can often be purchased by simply getting them as add-ons to group healthcare plans.
Maternity insurance
Given that more women now work at various stages of their pregnancy, it’s natural for more workers to demand this. It’s also possible for employers to get maternity benefits as add-ons for group health insurance plans.
Reimbursement for WFH expenses
As remote work grows increasingly popular, more companies have started to provide workers with stipends to cover work-from-home expenses. These often cover things like Internet costs and general office supplies.
Flexible scheduling
Heightened awareness of the importance of a work-life balance and the needs of workers with children has led to this. With flexible scheduling, employees can better account for other needs and responsibilities in their lives.
Wellness initiatives
Some companies offer physical health programmes such as gym memberships. Meanwhile, others focus on mental health, offering access to mental health apps and support facilities.
Dental care
This is often one of the most-requested benefits from employees. Fortunately, dental plans can often be purchased by simply getting them as add-ons to group healthcare plans.
Maternity insurance
Given that more women now work at various stages of their pregnancy, it’s natural for more workers to demand this. It’s also possible for employers to get maternity benefits as add-ons for group health insurance plans.