What are the top 3 work benefits Singaporeans seek from employers?

Employees are likely to stay with their companies when their benefits package meets their needs.

With more than four in 10 Singaporean employees (46%) looking for new jobs, a way for companies to retain their employees is to offer them benefits which can meet their needs.

According to a survey by data provider WTW,  Singaporeans want their employees to focus on the following benefits: retirement, health, and flexible work. Of these three, Singaporeans want flexible work the most.

Employees wanting their organisations to focus on retirement and health benefits is a reflection of their concerns for "long-term financial security," according to WTW.

“Adding flexibility to the benefits package can help signal to employees that they are being heard and go further to delivering on their needs. When this happens, it’s a boost for employee retention. With a better understanding of how employees value their benefits, and how their needs are changing, companies have an opportunity to shape programmes that meet employees where they are and help boost workforce productivity.” said Eva Liu, head of Strategic Development, Health & Benefits, Asia and Australasia, WTW.

Based on the study, even employees planning to stay with their current employers but who feel stuck are open to offers (20%).

The study added that 85% of employees more likely to remain with their organisations when their benefits package meets their needs.

“The findings suggest that employees continue to job hunt and there’s pressure for employers to find ways to better meet their needs, particularly on issues such as wellbeing, engagement, skills development and career structure to tip the scales so that employees choose to stay,” added Liu.