Category Archive For "Employee Benefits"
5 employee perks your team will love in 2020
Human capital is an extraordinary resource – one that can make or break a firm. According to a study by the London School of Economics, there is a strong correlation between employee wellbeing, employee productivity, and firm performance across all industries and regions. Understanding what employees want and how to incentivize them will, therefore, be …
Changes to Singapore’s Work Injury Compensation Act in 2020 – What you need to know
In September 2019, Singapore passed a new Work Injury Compensation Act (WICA) which became active from the beginning of 2020. Singapore’s WICA aims to enhance protection measures for workers in Singapore by placing stricter requirements on both businesses and insurers. Naturally, this leads to an increased compliance burden for businesses and insurers in the Lion …
Work from home productivity tips
Working from home can be a game-changer for those that have never tried it before. However, home is a place filled with many potential distractions that can hamper our focus and productivity in seconds. And while it’s human to make mistakes, this article by Pacific Prime, a global health insurance company in Singapore, will show …
Business travel trends around the world in 2020
As the year 2020 approaches, the business travel industry continues to grow exponentially, with experts predicting that global business travel spend will reach USD $1.7 trillion by 2020. There are many significant, fast-paced changes coming up in 2020 including the rise of corporate millennial travelers and the revolutionary impact of technology like artificial intelligence and …
Is remote work the future?
Traditional office spaces might soon become a thing of the past. At least, that’s what research and statistics surrounding remote work are showing us. According to a Standford University study, there are plenty of benefits to working remotely, ranging from lower costs to greater autonomy. And with 66% of US companies allowing remote work, as …
Only half of Singaporeans feel content
One in two Singaporeans feels content with life, according to a survey commissioned by AXA Insurance. What’s more, finances appear to be the biggest challenge that prevents people from achieving their life goals. The AXA Better Life Index was created to assess the path Singaporeans are taking to have a “better life”. In this Pacific Prime …
What types of business insurance solutions are legally necessary in Singapore?
Business insurance is often thought of as just another regulatory requirement, however, it does more than protect you and your business. It also protects your employees, your distributors, and even your customers from potential threats. Imagine the consequences if you’re not insured and your place of business has a fire or an employee gets injured …
What Gen Z is looking for in employee benefits plans
Just as employers have started to fine-tune what to offer Millennials in employee benefit plans, Gen Z enters the workforce to shake things up. Gen Z, short for Generation Z, is a term used to describe people born between 1995 and mid-2010s. As Gen Z members graduate from university and start their careers, employers will …
3 reasons why the cost of group health insurance is rising
As an employer, there are many factors to weigh when deciding whether to invest in a group health insurance plan, but oftentimes the decision comes down to the dollars and cents. The increasing cost of insurance premiums is the primary reason why some employers are hesitant about offering health benefits to their employees. For employers …
What can a broker do to deliver you better employee benefits solutions?
As the end of the year draws closer, some businesses will find themselves faced with reviewing their employee benefits solutions. Questions should be asked like “Are my staff being adequately covered by my plan?” and “Is this package competitive yet sustainable for my company?” For many Human Resource teams, these questions can often fall to …
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