Employee flexible benefit marketplace

Employee benefits are non-wage compensation provided by employers to attract, retain, and motivate employees.

These benefits go beyond an employee’s salary or wages and often include a range of offerings that contribute to their overall well-being and job satisfaction.

Employee benefits can vary widely depending on the employer, industry, and local regulations.

Here are some examples of employee benefits that are common in Indonesia:

1. BPJS Kesehatan and Ketenagakerjaan

This is a mandatory government program in Indonesia that provides health benefits and retirement funds for employees.

2. Health Insurance

In addition to BPJS Kesehatan, some companies also provide private health insurance that typically provides better benefits for employees, such as more comfortable hospital rooms and no need to queue for medical examinations at the hospital.

3. Tunjangan Hari Raya (THR)

Employees will receive THR of 1x their monthly salary every religious holiday. THR is regulated by the government and must be provided by the company.

4. Family Care

This benefit will cover the health costs of employees’ families.

5. Transportation, Meals, and Communication

Large companies typically provide transportation, meals, and communication benefits to their employees. The goal is to help employees reduce their daily expenses and focus more on their work.

6. Financial Support

Financial is a major factor that affects employee productivity. Some companies have already provided some benefits to allow employees to access their salaries earlier and provide low-interest loans to their employees.

7. Entertainment

This benefit is typically for entertainment that can relieve stress from employees. For example, company gatherings, gym memberships, clothing vouchers, and so on.

There are four main factors that determine the amount of benefits that employees receive.

1. Education, experience, and employee responsibilities

When recruiting employees, companies will consider the employee’s education, experience, and responsibilities as determinants of what benefits will be provided. The more and longer someone’s experience, the more benefits the company will provide.

2. Company capabilities

The more developed a company is, the more benefits employees will receive.

3. Employee work productivity

If employees have high work productivity, companies tend to provide more benefits.

4. Employee position

The benefits that employees receive are also determined by the position they are currently holding in a company. If the position has a greater responsibility, the benefits provided will also be greater.

Benefits are anything that a company provides to employees, both in cash and non-cash, that can support the well-being of employees and help them focus on their work.

Salaries, on the other hand, are compensation that a company provides to employees in exchange for their time, effort, skills, and knowledge.

If you are interested in the Mekari Flex employee benefit platform, you can contact our sales team via WhatsApp, email, or phone on the contact page below.