It's not just about money.
Singapore - How do you know whether the benefits you currently offer to staff are in fact the things that they're actually looking for?
According to a poll conducted by STJobs, 43% of Singaporeans are content with their present employee benefits package - but what they say is included in this is not necessarily aligned to what they really want.
Benefits such as annual leave, medical and hospitalisation leave and medical benefits are the things employees currently have access to, and enjoy the most out of what is offered to them, but when asked what benefits employees would also like to have, the list looks very different.
Benefits such as subsidised trips and activities, individual performance bonuses, and dental treatment are high on local employees' wish lists. Things like medical benefits, in fact, ranked low.
The poll also revealed while the average employee sick leave entitlement is 14 days, local employees only took an average of four MC days in 2013.
And, according to staff who filled out the survey, most Singaporeans only applied for MC when it was necessary, with 80% saying they are an honest bunch.
Top 10 benefits employees currently enjoy
1. Annual Leave
2. Medical & Hospitalisation Leave
3. Medical Benefits
4. Maternity & Paternity Leave
5. Compassionate Leave
6. Marriage Leave
7. Insurance
8. Family Care & Enhanced Child Care Leave
9. Dental Treatment
10. Individual Performance Bonus
Top 10 benefits employees would like to have
1. Subsidised trips and activities
2. Individual Performance Bonus
3. Dental Treatment
4. 13th month Annual Wage Supplement (AWS)
5. Corporate Variable Bonus
6. Recreation / Sports Activities
7. Insurance
8. Staff Discount
9. Medical Benefits
10. Long Service Award
___________________________________________________________________________
To subscribe to Human Resources' monthly print magazines and daily online
newsletters, please go to www.lighthouse-media.com/subhumanresources
To get the latest HR news to your desktop or mobile, follow Human Resources on Twitter and Facebook
More quality Lighthouse titles
Get your marketing department up to speed with Asia's most read marketing site
marketing-interactive.com
Commentary
What Singapore’s app store rules reveal about the future of online trust
Faster hiring alone will not fix construction’s productivity problem
Beyond policy: How Singapore's service sector can win at the frontline
Solving the production problem behind Singapore’s ‘pilot purgatory’
Transformation without disruption: Your Existing ERP is an accelerant to business innovation
From Singapore to Southeast Asia: Thriving in innovation by knowing when to pause
Section 13O, MAS, and the digital footprint of Singapore Family Offices
Could Singapore lead the world's next management revolution?
RIE2030’s real test: Turning innovation into impact
What Singapore logistics operators often overlook when electrifying fleets