POSTED 24 Jun 2019 - 10:58

What benefits and perks are truly valued by your employees?

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Are these measures effective in achieving their aims, namely attracting and retaining staff, and improving motivation and productivity?
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Top Response

Andrew Seow, Regional Director, South-east Asia and Greater China, Rimini Street

We believe that the “work from anywhere” concept helps drives motivation and productivity. At Rimini Street, our version of “the office” is creating your own individual workspace. We invoke a culture of collaboration across borders, riding on the technology of the digital age. We empower our...

Responses

Sheena Chin, Country Director, Veritas Storage Singapore
24 Jun 2019 - 11:08

Beyond providing a steady paycheck and conducive work environment, flexibility and incentives are key perks that are truly valued by employees. Flexibility in terms of work schedule or locations will enable employees to better balance their time across work and personal life. This could range from having the flexibility to fetch the child from school to taking time off to attend regular classes as part of lifelong learning. This is a simple yet often under-utilised perk that would help to retain employees when they are faced with competing demands. Providing incentives such as prizes or generous bonuses would also help to engage and motivate employees, as this is a gesture of appreciation that their efforts have been duly recognised, spurring them to step up their game.

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Kong Wan Sing, Founder and CEO, JustCo
24 Jun 2019 - 11:07

Beyond just a space to get work done, co-working provides new meaning and flexibility within a workspace, be it for users to get inspiration, collaborate, network or even unwind. Understanding what employees value is key. From creating a conducive setting with lounge seats, breakout areas and games corners to designing community programmes such as business talks, networking sessions and lifestyle events like yoga and movie nights, JustCo helps members bring value to their own employees, creating a vibrant, engaging and more productive work environment.

Patrick Lee, Chief Executive Officer, Standard Chartered Bank (Singapore)
24 Jun 2019 - 11:07

People are our most important assets. We are committed to help them stay competitive by retraining and equipping them with future skills. It is equally important to build a conducive and inclusive environment as they learn and grow in their journey with us. Creating a flexible work environment is part of building an inclusive culture. Flexibility is about embracing different ways of working to bring out the best in employees, as they strike a balance between work and life. Our research has shown that people who have been on flexi-work are more productive, loyal and stay with the bank longer.

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Shashank Dixit, Founder and CEO, Deskera
24 Jun 2019 - 11:07

In the early days of Deskera, we learnt that traditional incentives like flexi-hours and employee stock options were not enough for startups like us.

After much experimentation, we found a strong correlation between empowering teams to set their own schedules and productivity outcomes. This inspired the design of our incredibly flexible perks – such as unlimited leave and team-specific start and end times – that are highly valued by our employees today.

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Helen Ng, Chief Executive Officer, Lock+Store
24 Jun 2019 - 11:06

Today's employees look beyond monetary salary and expect meaningful fringe benefits in their overall remuneration package. We keep our staff motivated by offering them a monthly refreshment allowance. They can order their favourite snacks and beverages from an approved supplier. We have observed that food plays an important role in fostering team spirit. Employees who eat and snack together also succeed together.

Other staff benefits include an annual Christmas get-together and congratulatory hampers to celebrate the arrival of a new baby. We hope that through these efforts every employee would feel a sense of belonging at work.

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Shahid Nizami, Managing Director Asia Pacific, HubSpot
24 Jun 2019 - 11:06

A company's products should address what customers want. Likewise, benefits should align with what employees need. Some of HubSpot's most valued benefits are driven from the ground up. For example, members of our Singapore sales team who need to take time off for National Service receive their sales commissions in full for the period, in addition to quota relief.

Benefits like these are not designed to attract staff or build motivation, but to help HubSpot employees build their work around their life, not the other way around. Unlike perks, culture cannot be bought, and needs to be made a business priority. When employees genuinely care about your values and customers, that's when you'll drive business success.

Andrew Seow, Regional Director, South-east Asia and Greater China, Rimini Street
24 Jun 2019 - 11:05

We believe that the “work from anywhere” concept helps drives motivation and productivity. At Rimini Street, our version of “the office” is creating your own individual workspace. We invoke a culture of collaboration across borders, riding on the technology of the digital age. We empower our employees with all the necessities of working remotely, from printers to mobile phones and other collaboration tools, so they can create their own personal office environment.

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Chris J Reed, Global CEO and Founder, Black Marketing
24 Jun 2019 - 11:05

Flexible working is the key to happy and productive employees. We at Black Marketing let our team work anytime they want from wherever they want.

I don't care as long as they deliver. They can do all their work at the weekend from home or work 6pm to midnight at our co-working space, it really doesn't matter to me, but it matters to them that they can do this and that I trust them to deliver. Many employers are afraid of this.

But ultimately it boils down to: You employed them to represent your brand, so do you trust them to do the work or don't you? Being seen at work is no guarantee that your team is actually doing work!

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