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Infographic: Employers look to go further with their employee benefits

Highlights from the 2021/2022 Benefit Trends Survey — Asia Pacific

Health and Benefits|Retirement|Talent|Wellbeing
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October 6, 2021

Complex pressures are compelling Asia Pacific employers to evolve their approach to benefits, all while keeping their finger on the pulse of employee health and wellbeing.
Infographic: Employers look to go further with their employee benefits

 

Technology and customisation drive Asia Pacific benefit trends

Highlights from the 2021/2022 Benefit Trends Survey — Asia Pacific

Asia Pacific employers are getting more strategic around benefits

  • 72% of employers plan to customise their benefits strategy in the next two years, compared to 24% today

Wellbeing, flexibility and technology are the top strategic benefits objectives for employers

  • Focus on integrating wellbeing into the benefits package: 65%
  • Increase flexibility and choice: 52%
  • Enhance tools and technology to support employees when choosing and using benefits: 45%

Decision-making becomes more complex as employers are pulled in different directions

#1 Tight labour markets (57%)
#2 Increased focus on inclusion and diversity (53%)
#3 Increased remote working (50%)
#4 Advances in technology for benefits (47%)
#5 Increased costs (44%)

Diversity, equity and inclusion top the list of influences globally.

The percentages above comprise those who said these were external influences to a great or very great extent.

Asia Pacific employers measure improvements in wellbeing as the most critical benefits outcome

  • 56%: Improved employee wellbeing (physically thriving, emotionally balanced, socially connected and financially secure)
  • 51%: Improved employee experience (engagement with employees, how they use their benefits)
  • 43%: Effectively managed costs and risks of benefits programmes

Key considerations for employers

  • Adopt a digital strategy
    75% of employers plan to have an enhanced digital strategy in the next two years. Don’t get left behind—take action now and adjust as needed.
  • Innovate
    Wellbeing, inclusion and diversity—benefits are becoming broader and more inclusive. What does that mean for your organisation?
  • Listen and communicate
    Stress and the impact of remote working are taking a toll on your workforce. With a listening strategy, you can be more confident that your programs are making the intended impact on your employees.

About the survey: Asia Pacific findings are based on responses from a total of 1,247 employers representing 3 million employees in the region. The survey was conducted between May 10 and June 25, 2021.

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