Are employee benefits the new pay rise?

Claressa Monteiro
Published Mon, Sep 8, 2025 · 05:00 AM
    • How can you go about trading pay for perks?
    • How can you go about trading pay for perks? PHOTO: ADOBE STOCK

    When was the last time you got a pay bump that actually felt like one? If you’re like me, the answer is probably — a while ago. These days, companies are more likely to dangle benefits than boost base salaries. But if you think benefits stop at free fruit in the pantry, you might be missing out.

    In this episode of Money Hacks by The Business Times, host Howie Lim sits down with Marina Sukhikh of Aon Global Benefits (Asia Pacific) and Lim Chai Leng of Randstad Singapore. Together, they answer the question every employee is whispering under their breath: If the raise isn’t coming, how do we make benefits work harder for us?

    Why listen?

    1. Spot the hidden value

    Benefits aren’t “add-ons” anymore. In some companies, they now make up almost half your package. Are you treating them like cash in disguise or ignoring them completely?

    2. Learn how and when to ask

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    We’re told not to bring up benefits in job interviews. But is that outdated career advice? Hear how to raise the right questions without tanking your chances.

    3. Perks with power

    From flexible work to monetised allowances you can actually spend where it matters—discover which benefits are becoming deal-breakers in today’s talent market.

    This isn’t a listicle of perks to envy. It’s a reality check on how compensation is being rewritten. Because if you’re still only looking at the payslip, you’re fighting the last war.

    Listen now to get some updated advice from Howie Lim and her expert guests.

    Money Hacks is the flagship personal finance podcast from The Business Times, hosted by Howie Lim. Catch past episodes at bt.sg/podcasts. Feedback or ideas? Email btpodcasts@sph.com.sg.

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    Written and hosted by: Howie Lim (howielim@sph.com.sg)

    With Marina Sukhikh, industry practice leader, Aon Global Benefits (Asia Pacific) and Lim Chai Leng, general manager, Randstad Singapore

    Edited by: Howie Lim & Claressa Monteiro

    Produced by: Howie Lim & Chai Pei Chieh

    A podcast by BT Podcasts, The Business Times, SPH Media

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