The Evolution of Employee Benefit Programmes in Asia

Employee Benefits
October 17, 2016

The Evolution of Employee Benefit Programmes in Asia

The Evolution of Employee Benefit Programmes in Asia
Over the course of the last 10 years, the face of Employee Benefit Programmes have changed drastically. Prior to the financial crisis, the “full package” is how we used to refer to the remuneration structure that started an expatriate assignment. This phrase meant that you were not a penny out of pocket for virtually anything – rent, car, healthcare, children’s education, a home-leave flight for the family in business class, electric and able bills, air conditioning and heating bills, or just about any other fixed expense. Employers also provided additional compensation if the employee accepted a role based in a third world country, also knows as a hardship posting. With every expense covered, expats simply paid for their social life and personal travels.

Employees had the expectation that their employer would provide for all treatment and care whilst employed with the company and there was little room for disappointment as this would risk a request to be repatriated home and the expense the company had borne to relocate the family for the role.

The company took care of everything in an effort to entice you abroad, however In 2008, the expatriate package changed very quickly. To continue reading, click here.

John Ntatsopoulos

Over the course of his 34 years career, our CEO, John, have worked predominately in the area of insurance and financial services across major APAC markets, including Australia, NZ and across South East Asia. Over the last 9 years, he has been based in Singapore focusing mostly in Medical Insurance and Employee Benefits while working across Southeast Asia, particularly in Singapore, Thailand, Vietnam and Malaysia. John graduated from the University of New South Wales with a master’s degree in commerce. Off-work period calls him for a game of rugby, strumming a guitar, whipping up his favorite meal in the kitchen and riding a motorcycle across many different countries.