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Employee perks are any benefits, privileges, or bonuses that an employee receives in addition to their regular pay. These can be things like company cars, free gym memberships, or extra vacation days. They are often used as a way to attract and retain employees. Some companies offer more unique perks, like unlimited vacation days or free lunch.
Why companies in Malaysia offer work perks?
There are many reasons why companies in Malaysia offer work perks. One of the most important reasons is to attract and retain talent. By offering perks like flexible work hours, telecommuting options, and on-site child care, companies can make it easier for employees to balance their work and personal lives. This can lead to increased productivity and satisfaction among employees. Additionally, work perks can also help to build a positive company culture and improve morale.
What are the top employee perks’ offered in Malaysia?
As the cost of living in Malaysia continues to rise, many companies are looking for ways to attract and retain top talent. One way to do this is by offering employees perks that improve their quality of life.
One popular perk that is becoming more common is offering wellness programs. These can include things like subsidies for gym memberships, on-site fitness classes, and even health insurance discounts. By investing in their employees’ health, companies can boost morale and reduce absenteeism.
Other popular perks include flexible work schedules, transportation allowances, and free or discounted childcare. As the workforce in Malaysia becomes more diverse, companies are finding that they need to offer a variety of perks to appeal to different employees.
Top employee benefits providers in Malaysia
MantraCare is a leading provider of employee benefits provider in Malaysia. They offer multiple perks for employees such as EAP, Stepathlon, Corporate Yoga, Physical therapy, chronic condition reversal (for Diabetes & Hypertension), meditation, work counseling & more.
Aon Malaysia is a leading provider of employee benefits solutions. They offer a wide range of benefits packages that are customisable to meet the needs of your organisation. Aon Malaysia also has a team of experienced consultants who can advise you on the best benefits package for your company.
Mercer Malaysia is another leading provider of employee benefits solutions. They offer a wide range of benefits packages that are customisable to meet the needs of your organisation. Mercer Malaysia also has a team of experienced consultants who can advise you on the best benefits package for your company.
Cost of Employee Perks in Malaysia
The cost of an Employee perks will vary depending on the provider, the size of the company, and the services offered.
The average cost of employee perks in Malaysia is RM1,500. This includes costs such as medical benefits, housing allowances, and transportation allowances. Employees in Malaysia are also given an average of 15 days of paid leave per year.
MantraCare is one of the most cost-effective employee benefits provider with plans starting at $3 per employee.