Employers in the APAC region view the opportunity to attract and retain talent as a pivotal aspect of their business success. Organizations are rethinking employee benefits, replacing traditional one-size-fits-all rewards packages. As a result, it aligns with the workforce’s diverse and evolving needs and reduces worker attrition. In addition, industry experts emphasize the role of the non-financial reward system in making employees feel appreciated and fostering increased loyalty. These factors make flexi-benefits attractive for HR professionals to retain top talents.
However, these professionals express that the flexi-benefits landscape in the region is expected to evolve further. Businesses increasingly leverage data analytics and employee feedback to design benefits packages tailored to individual preferences. Artificial intelligence and machine learning significantly enhance the flexi benefits program by providing real-time recommendations, predicting package utilization, and simplifying its administration.
These benefits are expected to seamlessly integrate with other HR programs such as payroll, performance management, and wellness initiatives. The subsequent amalgamation of human resource management functions is expected to create a holistic employee experience, fostering comprehensive talent well-being.
In the latest edition of HR Tech Outlook, we feature employee benefits services companies in APAC for 2023. These industry leaders play an instrumental role in assisting organizations in designing, implementing, and managing employee benefits programs. The magazine highlights SAVii, a company that offers HR leaders a holistic platform that integrates salary-linked wellness services to boost team members’ comprehensive personal and professional growth.
The latest edition also covers the unique industry insights offered by Mariquit Sison, Human Resources Director at Willis Towers Watson. In addition, the valuable opinions of Wyman Wong, Senior Manager, HRIS, at Hong Kong Land [SGX: H78], and Bill Kennedy, Head of E-Learning and Technology Section at Sinarmas Land, are showcased in the magazine.
We believe the insights these accomplished professionals share will empower you to make informed decisions for your business.
