Employers spend more on benefits but perceived value low: study

Singapore

EMPLOYERS in the Asia-Pacific are spending more on staff benefits but most of them think their efforts are not highly valued by their employees.

Findings from professional services company Towers Watson's 2015 Asia Pacific Benefit Trends survey showed that the amount spent on employee benefits have risen. More than four in 10 companies in the region said they spent more than 20 per cent of payroll on benefits in the last fiscal year.

Employers in the Philippines and Indonesia chalk up the highest such costs with generous medical and retirement benefits. Thirty-eight per cent of Filipino firms and 29 per cent of Indonesian employ…