Data Center · Fortune Technology
In Singapore, for instance, the CIPD 2025 Asia Employee Benefits Report shows that health and well-being benefits have declined
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Yet if companies indiscriminately cut wellness budgets, the savings are likely to be offset by lost productivity from higher sick leave, medical claims, and employee turnover.
Key facts
- In Singapore, for instance, the CIPD 2025 Asia Employee Benefits Report shows that health and well-being benefits have declined by 6 percentage points since 2024, as employers trim back some
- Grand View Research, a market intelligence firm, put the Asia-Pacific corporate wellness market at $8.4 billion in revenue in 2024
- The Cambodian gaming and hospitality giant offers a 24/7 medical center staffed by six doctors and six nurses
- Alice Williams is senior regional content manager for Great Place to Work ASEAN and ANZ
Summary
At workplaces all over Southeast Asia, bright-eyed new employees are getting walked through wellness perks and portals. Grand View Research, a market intelligence firm, put the Asia-Pacific corporate wellness market at $8.4 billion in revenue in 2024. But corporate spending on wellness is in the crosshairs as Asia grapples with softer global demand and higher costs. In Singapore, for instance, the CIPD 2025 Asia Employee Benefits Report shows that health and well-being benefits have declined by 6 percentage points since 2024, as employers trim back some well-being perks while holding insurance coverage largely flat amid rising medical‑claims inflation.