40% of APAC employers to enhance wellbeing programs as a result of COVID-19

As companies in the Asia Pacific region look to restore stability to their businesses and operations,

many are proactively enhancing their benefit programs, with a focus on health and wellbeing.

According to a new survey by Willis Towers Watson (WTW) examining the business impact of COVID-19 on benefits, supporting physical and

emotional health has emerged as a top priority for most employers during this difficult time

where many are considering cost-cutting measures such as furloughs (16%),

workforce reduction (21%), reducing or delaying merit increases (23%), salary freeze (13%), salary reduction (10%)

and reducing annual bonus accruals (26%) for the remainder of 2020.

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