Category Archive For "Employee Benefits"
How retirement in China is evolving
Retirement is changing across the globe, especially in China. Workers in the country used to retire at around ages 50 to 60 and live off their savings and pension for the rest of their lives. These days, since people are healthier and have a longer life expectancy, many intend to work even in retirement both …
4 ways to implement corporate social responsibility programmes effectively
The concept of “corporate social responsibility” (CSR) is starting to emerge in China, with privately-owned multinationals and state-owned enterprises increasingly engaging in philanthropy and volunteerism, which includes everything from organizing clean-up drives to educating the underprivileged children. The Sichuan earthquake in 2008 also sparked a significant change in Chinese CSR, during which time an unprecedented …
Why should small-to-medium enterprises obtain group medical plans?
According to figures from the China Banking and Insurance Regulatory Commission in January this year, the combined premium income of Chinese insurers has grown at a double-digit rate, which means that insurance is getting more prevalent in the country as the market grows more mature. With this in mind, it naturally begs the question among …
Fringe benefits and employee loyalty in China
The economic development of China in the past decades has been nothing short of a miracle. The country has successfully morphed from a centrally-planned economy to one of the biggest marketing-oriented countries in the world since the 1990s. But as economic growth begins to slow and the market starts to mature, it is getting increasingly …
Your introduction to small business health insurance in China
Did you know? Small and medium enterprises (SMEs) make up about 97% of all businesses in China. Although SMEs play such a vital role in driving China’s economic growth, many of these enterprises do experience problems when it comes to financing. Concerns about the bottom line can make it more difficult for smaller businesses to …