DECEMBER - 2022HR TECH OUTLOOK APAC6The pandemic has emphasized the importance of employee benefits, particularly in terms of health and safety, and the responsibility of employers to pay close attention to their personnel's well-being. Studies have concluded that in the Asia-Pacific region, companies have started to redefine their employee benefits from being merely transactional to a tool for employee retention. The focus has shifted from financial to other benefits like well-being, inclusion, and diversity. According to Transparency Market Research, The market for corporate wellness or employee benefits solutions was estimated to be worth US$ 4.9 billion in 2020 and is anticipated to rise at a compound annual growth rate (CAGR) of 7.6% from 2021 to 2028. The market worth is anticipated to surpass an astounding US$ 8.6 billion by 2028, indicating a sizable market for companies to invest more in employee wellness in the face of constant changes in the business environment. This edition of HR Tech Outlook APAC features the `Top 10 Employee Benefits Solutions Providers in APAC ­ 2022' and highlights some key developments and company behavior in the employee benefits solutions space amid the current wave of change. The magazine puts under the spotlight companies like SAVii, a platform for salary finance that aims to improve employee engagement in businesses by enhancing the employee wellness landscape. It also includes businesses such as Lockton, an insurance brokerage firm that focuses on employee engagement and motivation in order to drive a successful business forward. The magazine also features the opinions of Kate Genovese, SVP, Employee Benefits Strategist at Risk Strategies Company, and Balan Krishnan, Human Resources Director at Dexcom. They express their valuable views about employee healthcare as a vital part of employee benefit solutions and how they have engaged employees mentally and physically in a hybrid working scenario.Write to us about how you are functioning in the face of reinforcing employee benefits solutions in your organizations!Changing Trends in Employee Benefit SolutionsHanna WilsonManaging Editoreditor@hrtechoutlookapac.comManaging EditorHanna WilsonEditorial StaffAaron PierceAva Garcia Philo VazRussell ThomasYenny TurnerVisualizersChris LynnCalvin JamesEditor's NoteCopyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@hrtechoutlookapac.comeditor@hrtechoutlookapac.commarketing@hrtechoutlookapac.com HR TECH OUTLOOKDECEMBER - 16 - 2022, Volume 08, Issue 13 (ISSN 2644-2477)Published by ValleyMedia, Inc. To subscribe to HR Tech OutlookVisit www.hrtechoutlookapac.com Henry Smith
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