Towers Watson: 2015 Asia Pacific Benefit Trends
September 22 2015
Across Asia Pacific, employers are continuing to focus on maximising the value derived from the benefits they offer to employees.
Employers face a two-sided challenge. On one hand, benefits are increasingly seen as an integral part of the Employee Value Proposition
— a reward lever that can help attract, retain and engage employees. On the other hand, benefit costs — which already represent a significant
percentage of payroll — continue to rise.
In this context, a “one size fits all” benefit strategy is unlikely to be successful. In order to
be effective, a benefit strategy must be aligned to business objectives, be flexible enough to suit diverse employee needs, and be administered
and communicated in a way that employees find simple and engaging. This is not an easy proposition, but our survey finds that Asia Pacific
employers are taking steps in the right direction, designing innovative and flexible benefits, and using them to help drive business strategy.
-
AIG’s McMurdo to join Steadfast MGA as CUO personal lines
- August 20
The move comes as the broking group's MGA division acquires AIG's HNW home and contents portfolio.
-
QBE’s Hammond on transformation and growth
- July 2
The Asia chief executive discusses Covid-19, going digital and restructuring.
-
Swiss Re: Nat cats and man-made disasters in 2018
- April 10
Climate change, increased urbanisation and a growing concentration of assets were on the risk agenda for 2018.
-
Willis Towers Watson: 2019 Asia Market Report
- March 19
Economic uncertainty, more complex risks and tighter underwriting are all influencing Asia's markets.
-
Capital Consulting International seeks to expand into new markets and double its APAC presence
The consultant is exploring potential acquisitions in Australia and New Zealand, and expanding its footprint in South-East Asia, Korea and Japan.
-
Peak Re | From cybercrime to mental well-being: evolving needs of emerging Asia
Managing these daunting risks will require a multi-stakeholder approach to risk identification, financing and mitigation.
