Health benefits more valued than flex time in Hong Kong

69% of HR leaders say health benefits are crucial for employee loyalty.

Job seekers in Hong Kong said they weigh health benefits more as a deciding factor over flexible working arrangements, a Cigna Healthcare survey revealed.

A third (37%) of human resource (HR) leaders said employee well-being is amongst their priorities. It tops employee value proposition (EVP), with 92% saying their organisation provides it, just behind flexible time off and working arrangements. 

Moreover, 69% of HR leaders say health benefits are crucial for employee loyalty, whilst 74% said it attracts talent. More than half believe it helps shorten working hours (59%), reduce absenteeism (59%), and improve employee productivity (53%).

The perceived impact of health benefits is greater amongst SMEs (35%) than amongst large corporations (24%).

The survey polled 1,000 managers and directors in HR and Benefits functions globally, including 200 in Hong Kong.