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Employee perks are special privileges or benefits that are given to employees. These can include things like free or discounted products, gym memberships, and transportation benefits. Perks are often used as a way to attract and retain employees. They can also be used to improve employee morale and motivation.
Why companies in Singapore offer work perks?
Companies in Singapore offer work perks for a variety of reasons. One of the most important reasons is to attract and retain talent. By offering attractive work perks, companies can make themselves more attractive to potential employees. Additionally, work perks can help improve employee morale and motivation, leading to better performance and productivity. Finally, work perks can also help create a more positive company culture, which can further improve employee satisfaction and retention.
What are the top employee perks’ offered in Singapore?
In today’s competitive job market, top employers are always looking for ways to attract and retain the best employees. One way they do this is by offering top-notch employee perks.
One of the most popular employee perks being offered in Singapore today is wellness programs. These programs can help employees improve their physical and mental health, and are a great way to show employees that their employer cares about their well-being.
Other popular employee perks in Singapore include flexible working hours, transportation allowances, and free or discounted gym memberships. By offering these perks, employers can show their employees that they value their time and health, and are willing to invest in their well-being.
Top employee benefits providers in Singapore
MantraCare is a leading provider of employee benefits provider in Singapore. They offer multiple perks for employees such as EAP, Stepathlon, Corporate Yoga, Physical therapy, chronic condition reversal (for Diabetes & Hypertension), meditation, work counseling & more.
WorkLife is a flexible benefits platform that allows employees to choose from a range of perks and benefits, including health and wellness, family care, lifestyle and financial wellness benefits.
myENHANCE is a comprehensive employee benefits platform that offers a range of health, wellness and lifestyle perks and benefits.
Cost of Employee Perks in Singapore
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 Singapore is about $600 per year. This includes things like health insurance, transportation, and housing. However, some companies offer more expensive perks, like gym memberships and private schools. The cost of these can add up quickly.
MantraCare is one of the most cost-effective employee benefits provider with plans starting at $3 per employee.
