The State of Employee Benefits in Singapore

Katie Ash

Nov 18, 2020

Outside of role-fit and job satisfaction, jobseekers are searching for much more than a base salary. Benefits have become important considerations for employees when assessing an employment package.

As companies increasingly look for new ways to attract the best talent to remain competitive, providing comprehensive employee benefits may be just the ticket. Employee benefits cover a wide range of items or conveniences that are offered to employees beyond their standard salary or wages. As the results of this survey show, you don’t have to be a big company to offer great benefits. While some benefits are financial in nature, many that are most valued by employees of all ages are ones that have an impact on work-life balance, and overall wellness.

This 34-page ebook contains findings from Swingvy’s Singapore Employee Benefits Survey. We share insights into:

  • The current state of employee benefits in Singapore according to company size.
  • The most valued benefits, and how these differ by age and residential status.
  • How employee benefits can affect recruitment and employee retention.
  • Which employee benefits are the most wanted, and which are under-utilised.

About this report:

The Singapore Employment Benefits survey was conducted online during the months of September and October 2020.

There were 282 respondents with 203 completing the full survey. Participants were working in Singapore for local and global companies of varying sizes. Participants includedSingapore Citizens and Permanent Residents as well as visa holders, varying in age, with the majority of respondents being between 20-39 years old.

Almost half (43.3%) of survey respondents work for internationally based organisations. Singapore attracts international investment due to having one of the lowest corporate tax rates. Government policies are very business friendly and the location makes it a great place to base regional operations.

Download a copy of the ebook.

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