“Excessively Generous Benefits can hurt the Bottom-line.”
While the provision of insufficient benefits and allowances can potentially pose a problem when it comes to attracting talent, an overly generous benefits and allowance policy can be extremely costly.
Companies regularly review their benefits policies to ensure that costs of provision are kept within manageable limits and maintain market competitiveness. To assist these reviews, HRBS has launched the Employee Benefits Survey to provide quantitative information on market practices.
Leveraging on our database across 14 locations (Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam), HRBS provides progressive benchmarking capabilities for the following 16 benefit groups:
- Car Benefits
- Paid Leave
- Air Travel Policy
- Club Membership
- Employee’s Education
- Children’s Education
- Overtime Compensation
- Long Service Award
- Severance Payment
Survey data is provided via our online e-Applications. Data is presented by hierarchy, i.e. Company Head, Function Head, Managers, Professionals, General Employees or Production Workers. Customised reports for peer groups & cities are also available.
By focusing on quantitative data only, HRBS helps to ensure that the data is very user-friendly and applicable (Prevalence, Eligibility, Quantum, Contribution, Restrictions, etc.).Enquire Here