Employee Perks in Malaysia

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Employee perks are any benefits or perks that an employer offers to their employees. These can be in addition to salary and other benefits, and can help to attract and retain good employees. Some common employee perks include health insurance, retirement savings plans, paid vacation, and flexible work schedules.

perks

What are the benefits of Work perks?

There are many reasons why companies in Malaysia offer work perks. One of the main reasons is to attract and retain employees. Work perks can include things like flexible working hours, telecommuting options, free or discounted gym memberships, and more.

Another reason companies offer work perks is to improve employee productivity. For example, if employees have the option to telecommute, they may be less likely to call in sick or take personal days. And if they have access to a free or discounted gym membership, they may be more likely to stay healthy and fit, which can lead to better productivity.

Finally, work perks can help improve morale and job satisfaction. When employees feel appreciated and supported by their employer, they are more likely to be engaged in their work and feel positive about their job. This can lead to improved performance and lower turnover rates.

What are the most common Work perks?

When it comes to employee perks, there are a few key things that Malaysian businesses focus on. Firstly, offering wellness programs is a great way to show employees that you care about their health and wellbeing. This can include anything from gym memberships to subsidised healthy food options.

Another popular perk is flexible working arrangements. This is becoming increasingly important as employees seek to maintain a healthy work-life balance. Flexible working arrangements can include anything from the ability to work from home occasionally to more flexible start and finish times.

Finally, another popular perk among Malaysian businesses is offering staff development opportunities. This could include anything from financial assistance for further education to on-the-job training. Employees appreciate being given the opportunity to develop their skills and knowledge, and it can ultimately lead to a more productive and motivated workforce.

What is the Cost for Employee Perks Package?

The cost of an Employee perks will depend on the provider, company size, and services offered.

In Malaysia, employee perks are commonplace and can be expensive. According to a survey, the average cost of employee perks in Malaysia is RM2,608 per month. The top five most popular employee perks in Malaysia are medical insurance, provident fund contributions, annual leave, child care vouchers and gym memberships.

MantraCare is a cost-effective employee perks solution provider that offers plans starting at $3 per employee.

Who are the top employee perks providers in Malaysia?

AIA Group offers a variety of retirement plans, including an employer-sponsored pension plan and individual retirement accounts. It also offers medical insurance coverage for employees and their families, as well as life insurance. Axa offers a range of employee benefits, including medical insurance and dental coverage.

HSBC Holdings plc (Malaysia) Bhd is another leading provider of employee benefits in Malaysia. They offer a wide range of benefits, including medical coverage, accident insurance, life insurance, retirement savings

MantraCare is the top Employee perks vendor in Malaysia. They not only provide excellent employee benefits in Malaysia, but they also offer extra perks like EAP, Stepathlon, Corporate Yoga, Physical therapy, and chronic condition reversal (for Diabetes & Hypertension), meditation, work counseling & more.

MantraCare offers Employee Perks in all major cities in Malaysia

  • Kuala Lumpur
  • Seberang Perai
  • Petaling Jaya
  • Johor Bahru
  • Shah Alam
  • George Town
  • Subang Jaya
  • Ipoh
  • Seremban
  • Iskandar Puteri
  • Kuantan
  • Kota Kinabalu

If you are a company in Malaysia, looking to implement a work perks program, talk to employee perks experts at Mantracare: Schedule a Call >