10 Best Employee Benefits in Hong Kong for 2022

10 Best Employee Benefits in Hong Kong for 2022

10 Best Employee Benefits in Hong Kong for 2022

blüüm
employee benefits
Oct 29, 2021
10 Best Employee Benefits in Hong Kong for 2022

Many employers and HR managers are reshaping their employee benefits package in view of the changes we’ve experienced from COVID-19, supporting employees’ overall health and wellbeing like never before to help them stay motivated. Here are 10 employee benefits that are most sought after in Hong Kong covering a range of aspects, from financial to health and wellness to education, to help you build a successful employee benefits strategy in 2022.


Financial benefits

Offer the below financial benefits to support your employees’ financial wellbeing: 

1. Company equity

Not everyone is investing their well-earned money on the stock market for a higher return. As an employer, offering employees a financial stake in your company creates a sense of ownership and a financial incentive to motivate them. Contributing to the growth of the company also means a higher return on investment. This is also a good way to avoid direct competition on the salaries.


3. Paid time off

According to Glassdoor, nearly 60% of the workers are craving for paid time off. This is especially true during COVID-19, as more employees experience stress and burnout. Paid time off would include sick leave, vacation time, personal leave and special events such as for driving exams, work anniversaries, birthdays, or any meaningful ones you can think of!


4. Employee shopping discounts and rewards

Shopping discounts and rewards are a great way to help employees to save more on their living expenses and reward them for their hard work. Look around your office neighbourhood for perks like restaurant or gym discounts, or if you are looking for a more comprehensive benefits package, you can explore AMAZ, an one-stop employee perks platform, which is also included for free in our blüüm group medical insurance plan


3. Financial management training

Managing finances may seem easy but in reality, there are some skills that can help you better manage your money and finances so that you waste less money. Companies can invite financial experts that can teach your employees how to manage and invest their finances so that they can gain more control over their financial situation. The C-suite or

financial directors of companies are often skilled at managing finances, so even sharing sessions can be held internally. Teaching your employees about financial management offers a more sustainable way to help them manage their finances.


Health and wellness benefits

Offer the below health and wellness benefits to support your employees’ health and overall wellbeing: 

4. Medical insurance

Keeping your employees physically healthy is important to a productive workforce. Group medical insurance ensures your employees are protected when they fall ill and have access to medical care. You want to help employees to recover faster with fewer absences at your company. The fundamental benefits within group medical insurance include inpatient hospital and surgical benefits, outpatient benefits, and on top there are options of dental benefits, body check-ups and life insurance.


Looking for group medical insurance


5. Preventative care

To further improve the overall health of your employees, preventative care is a trending benefit that more employers are looking at. Apart from body check-ups, encouraging your employees to stay active is also one way to support their physical health. This can be implemented through providing subsidized gym memberships or organising regular group outing events. 


Some group medical insurance plans are also starting to provide health tracking and monitoring technologies to help the insured monitor their wellbeing. Some of these wellness apps can identify members at high risk for medical conditions and offer them suitable suggestions.


6. Meal allowances

Meal allowances, also called food allowance or employee meal benefit, is essentially a sum of money given to employees to purchase food. It can be offered as a form of stipend fund, for sharing among the team for office snacks or group meals. As employees nowadays don’t necessarily go to office for work, employers can offer meal allowances for employees through food delivery apps for more flexibility, deliveroo for work for instance is designed for such purpose.


7. Flexible working options

Rigid rules and arrangements can be major stress factors. Some arrangements that are going to stay or shape our future work practices include rotating shifts, four-day workweek and flextime. While challenges include difficulty in holding meetings and disrupted workflows due to varying schedules, online project management tools can alleviate barriers in order to reap the benefits of flexible working.


8. Mental health support

Other than building a positive workspace, psychiatric healthcare coverage in your insurance are essential benefits to provide. It is worth noting that the rise of telehealth services is useful for employees to seek convenient, accessible services with greater privacy.


Education and personal development benefits

Offer the below education and personal development benefits to support your employees’ growth: 

9. Tuition reimbursement and online courses 

Offering tuition reimbursement or online courses is a valuable benefit for your employees. It offers an opportunity for personal growth and development, and encourages your workforce to learn new skills. Online learning even makes completing a degree possible, which helps leaders and managers to climb up the corporate ladder. 


10. Career development courses

Giving employees the opportunity to further their professional education and advance their job-related skills is crucial to help them stay on top of their roles and performance. Employees would even value more if these courses are held within work hours and not taking up their personal time. 


To learn more about group medical insurance and wellness benefits for SMEs, feel free to find out more here. You can reach us via WhatsApp us at +852 5379 8911 or email us at info@blüüm.hk.

employee benefits
Oct 29, 2021
blüüm
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