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Employee benefits success is all about communication. A third of compensation costs go towards employee benefits and some employees would forgo a raise for better work-life balance or better healthcarebenefits, but almost half of employees don’t even understand the benefits their employer already offers.
How do employers offer attractive yet affordable benefits that will draw potential employees in? They turn to benchmarking and employee surveys to build and validate benefit plans. High cost” has become so synonymous with “healthcarebenefits” it’s hard to separate one from the other. Voluntary benefits offerings.
The funds for medical benefits come from the employee’s salary – businesses are required to make contributions to CPF of 17% of the employee’s salaries, and it helps to cover large hospital bills and selected costly outpatient treatments, such as chemotherapy for cancer. SickLeave and Hospitalization Leave .
The funds for medical benefits come from the employee’s salary – businesses are required to make contributions to CPF of 17% of the employee’s salaries, and green hue goes towards medical security in the employee’s MediSave Account. Employers are required to provide entitlements and healthcarebenefits to their employees.
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