With medical trend rates soaring beyond salary increases in the region, 1 in 5 respondents in Asia are not confident in their ability to afford healthcare for themselves and their families, making the provision of meaningful benefits an operational necessity.
Our Health on Demand research, which surveyed more than 5,100 employees in Asia, reveals that 36% of employees expressed that the benefits provided by their employers do not meet their needs, and most are concerned about their health and financial security.
The report recommends the need for smarter benefits to address affordability gaps resulting from rising costs, to build a stronger, more resilient workforce.
Benefits can give employers a competitive advantage
Our survey findings also show that employers are the most trusted source for affordable and quality healthcare. Thus, organisations that enhance their benefits strategy to support their workforce’s well-being can gain a competitive advantage.