When looking for a job in Singapore, or renegotiating an existing work contract, what are the employee benefits you’d like to be getting? What work perks are important for you? Is remote working something that you’d like, or more flexible working arrangements? How about some form of company insurance?
Many people are now prioritising non-monetary employee benefits when deciding whether to stay with their current company or join a new one. But non-taxable employee benefits are always high on the agenda – things like company insurance. As health insurance in Singapore is a substantial cost, especially if you have a family, getting this included in your package is a great perk. Let’s look at this in more detail.
Top 5 Work Perks, including financial and insurance benefits, to discuss with your employer or future employer
#1 Group Health Insurance
Check to see if the company offers a comprehensive group health insurance plan or offers flexible benefits. The traditional one-size-fits-all approach no longer works in today’s diverse workplace. Instead, the benefits (and limits) should match the needs of employees while offering decent coverage for health-related benefits like dental and vision insurance
#2 Retirement Savings Plan
With inflation still at relatively high levels around the world, one of the best ways to beat it is to put money away in long-term savings. A retirement savings plan is a useful benefit for all employers, as financial wellness and health are linked. If the company doesn’t offer a company pension plan as part of the package, a retirement savings plan can be offered through a financial wellness course that will teach employees the importance of saving and how to do it.
#3 Group Disability Insurance
No one can afford to lose their income because of an accident or disability – especially with high rentals, moving costs, international school fees and the general high cost of living in Singapore. The good news is that short- or long-term disability coverage can replace some of your pay, which will benefit you and your employer.
#4 Flexible Work Arrangements
In the past couple of years, flexible work arrangements such as remote work and working from home have become more common. This flexibility can enhance productivity, promote a better work-life balance, and increase job satisfaction with more control over your day. Flexible work arrangements can also have financial benefits. In the current financial climate this work perk is even more enticing as it will allow you to save on commuting fuel or lunch costs – and, of course, time is money too. So have a think if this is important or could work for you.
#5 Employee Assistance Program (EAP)
An EAP is a type of employee benefits program that companies can provide to resolve issues in their employees’ lives. It’s usually offered along with a group health insurance plan. One of the top benefits is mental health support, which includes workshops/training and 24/7 hotlines. Further reading: What is an employee assistance program? A guide to EAPs.
Other work perks to consider
It’s worth remembering that 2025 is a period consisting of many uncertainties. If you want to take things one step further, there are other benefits and work perks you can ask for, such as:
Student loan repayment assistance
Professional/career development programs
Tuition reimbursement
In-company seminars and workshops
A mentorship programmes
Free food and beverages, including healthy nibbles and snacks
A relaxation zone and wellness activities
Paid parental leave and support
Voluntary service and time off
Discount programmes
Need help choosing the best employee perks and benefits?
Pacific Prime can help. As an insurance broker and employee benefits specialist with over 20 years of industry experience, it offers impartial advice and free consultation across different benefits packages. The team have multilingual and knowledgeable insurance experts who can assess your needs. They can also offer value-added services that will be of benefit to HR professionals and organisations, such as:
Support with filling out insurance forms, documents, and legal paperwork
Liaising with insurers and benchmarking options to match your needs
Designing bespoke employee benefits plans and excellent business insurance solutions using a unique Broker Framework
Providing claims management and follow-ups And more.
Written in collaboration with
Pacific Prime CXA Singapore
#09-02 Cross Street Exchange, 18 Cross Street
6346 3781 | pacificprime.sg
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