designing, implementing and evaluating employee benefits - an employment act-based approach

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Designing, Implementing and Evaluating Employee Benefits : The Employment Act-Based Approach Henri Tan Associate Trainer and Consultant Singapore Human Resources Institute (SHRI)

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Page 1: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

Designing, Implementing and Evaluating Employee Benefits :

The Employment Act-Based Approach

Henri TanAssociate Trainer and Consultant

Singapore Human Resources Institute (SHRI)

Page 2: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

Personal Loan

Education Fund

Educational Sponsorship

Long Service Award

Term Life Insurance

Eye Care

Dental Care

Work-from-Home

Marriage LeaveExamination Leave

Transport Benefit

Quarter Day Leave

Book VoucherMeal Subsidy

Health & Wellness

Stock Option

Page 3: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

What is it ?

Page 4: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

CDSDDS

Perks

Non-wage compensation in addition to wage

Page 5: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

Mandatory By Law

Discretionary

Page 6: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

Singapore

Employment

Act

Page 7: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

http://statutes.agc.gov.sg/aol/home.w3p

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RecallRefer

Page 9: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

1st message

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Page 11: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

Sick Leave

Page 12: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

Hospitalisation Leave

Page 13: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

2nd message

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Page 15: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

The Singapore’s Employment Act…

Page 16: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

The Singapore’s Employment Act…

Outpatient Medical Benefit

Page 17: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

The Singapore’s Employment Act…

Page 18: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

3rd message

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Page 20: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

Year of Service Days of Leave

1st 7

2nd 8

3rd 9

4th 10

5th 11

6th 12

7th 13

8th and thereafter 14

ANNUAL LEAVE

Page 21: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH
Page 22: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

4th message

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5th message

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Page 26: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH
Page 27: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

Singapore

1.2 to 1.8 times

Manpower Cost

S$3,000

Manpower Burden

S$1,000

Salary

S$2,000

Page 28: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

6th message

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Employment Act is not everything

Not everything can be based on Employment Act

Page 30: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

Trade Disputes Act

Collective Agreement

Central Provident Fund Act

Income Tax Act

Workplace Safety & Health Act

Work Injury Compensation Act

Child Development Co-Saving Act

Page 31: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

7th message

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Next message

Page 33: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

SINGAPORE’S EMPLOYMENT ACT

SINGAPORE’S EMPLOYMENT ACT

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Page 35: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH
Page 36: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

Your favourite book

Align with Employment Act

Beyond Employment Act

Above Employment Act

Page 37: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH

Within Employment Act

Cost of Benefits

Besides Employment Act

Have Employee Handbook

Page 38: DESIGNING, IMPLEMENTING AND EVALUATING EMPLOYEE BENEFITS - AN EMPLOYMENT ACT-BASED APPROACH