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TOPIC 12 : Employee Benefits - fixed & flexible (Voluntary Benefits…
TOPIC 12 : Employee Benefits - fixed & flexible
Membership based & no money involved
Purpose
Recruit the best applicants
Retain employees & promote loyalty
Improve and motivate employees
Legally-required Benefits
The CPF Act
The Work And Injury Compensation Act
The Employment Act
Hours of Work
Overtime Rate of Pay
Public Holidays
Annual Leave Entitlement
Rest days
Adoption Leave
Paternity Leave
Shared Parental Leave
The Workplace Safety and Health Act
Voluntary Benefits
Payment for time not worked
Paid vacations
Paid sick leave
Sabbaticals
Healthcare
Visual Insurance
Dental Insurance
Accident Insurance
Life insurance
Medical Insurance
Term Life
Employee Services
Club-memberships
Loans for housing, cars, computers
Sports and wellness programmes
Premium Pay
Shift Allowances
Hazard pay
Risk Allowance
Non-Financial Benefits
The Job Content
The Job Environment
Work Flexibility