Employers wary of gaps in mental healthcare
Organisations have increasingly recognised the importance of mental health to employee productivity and business profitability, but the issue remains high on the compensation and benefits agenda in 2023. Insurers have responded to the rising demand for mental health support, but a significant number of them still offer no coverage. In 2021, mental and emotional risks […]
Finding the balance between cost containment and staff wellbeing
The Covid-19 pandemic has transformed employer-provided healthcare, with many organisations struggling to cope with rising medical costs, according to MercerMarsh Benefits’ (MMB’s) Health Trends 2023 report. In addition, mental health gaps persist as employer plans often lack adequate coverage, leading employers to seek alternative ways to support employee wellbeing. Insurers in Asia are anticipating a […]
Lack of compensation strategy is holding employers back: Chief of Staff research
A surprisingly large number of employing organisations in Singapore and the Southeast Asia region are working without a formal compensation strategy. This is according to the latest Chief of Staff Asia research paper, focused on compensation, benefits, and employee health. The report, titled Innovation Rules: How Compensation and Benefits Strategies are Evolving in 2023, was […]
Compensation and Benefits strategies for 2023 and beyond
HR Tech Update: Embracing wellness tech for employee engagement and health
Recognising the importance of employee health in the context of work engagement is no longer optional; it’s a necessity. Wellness technology, a burgeoning sector of Human Resource (HR) technology, is transforming workplaces, making HR professionals sit up and take notice. The tech brings benefits that go beyond just fostering physical health, addressing mental wellbeing, and […]
Singapore’s health insurance needs shift in post-COVID era
Singapore’s post-COVID landscape has redefined health insurance needs, focusing on mental health, hybrid working, and inflation. A term coined by Peter Bithos, Head of Seek Asia, “virtual mobility” describes the trend of working remotely, with 60% of Singaporean employees considering a job switch if their employers insisted on full-time on-premise work. The Bupa Global Wellbeing […]
Singapore losing SGD 16 billion a year to depression and anxiety: study
A recent study conducted by Duke-NUS Medical School and the Institute of Mental Health (IMH) has revealed that depression and anxiety may cost Singapore nearly SGD 16 billion a year, or approximately 2.9% of the entire gross domestic product. The online research, which polled 5,725 adults, found that 14% of respondents had depression symptoms, while […]
HR Tech Update: HR tech innovations tackle employee burnout
Employee burnout is soaring, but HR tech offers a lifeline. With employee burnout rates reaching an all-time high, it’s time to explore how HR technology can help alleviate the pressure. Recent research by Future Forum revealed that 42% of desk and office-based workers in six countries, including the US and the UK, reported feeling burned […]
WHO SAYS: Quotes of the week from HR influencers and leaders
Gain insights from esteemed HR and business leaders across Southeast Asia as they share their valuable perspectives on current pressing issues. “We urge leaders to not be blindsided by the need to transform their businesses radically. Focus on prioritizing employees and provide the necessary support. With more partnerships forged between employers and employees, companies will […]
Thai employers focus on flexibility, neglecting well-being and skills development
A recent Mercer Global Talent Trends Study reveals that while employers in Thailand are making progress in offering flexible work arrangements, they are falling behind in addressing employee well-being and skill development. The study highlights that 61% of Thai employers offer flexible work options, surpassing Asia’s average of 50%. However, only 13% provide crisis management […]
