The biennial publication of MEF Fringe Benefits Survey 2020 attracted the participation of 199 companies which shared their data on their companies’ policies on terms of employment, leaves entitlement, medical benefits policies, allowances and reimbursement. The Survey also provided analysis on the impact of the Movement Control Order (MCOs), Conditional Movement Order (CMCO) and Recovery Movement Control Order (RMCO) on certain benefits policies.
Among the findings of the Survey were:
On the question whether employees were required to utilise annual leave entitlement during imposition of MCOs, CMCO and RMCO by the Government, 74% of the respondent companies indicated that they adhered to the Government’s call not to utilise the annual leave entitlement of Top/ Senior Managers, Managers (74.5%), Executives (74.2%) and Non Executives (76.3%) during MCOs, CMCO and RMCO.
Majority of the respondent companies provided laptop/ computer to employees who WFH, particularly for Top/ Senior Managers and Managers who were on WFH before imposition of MCOs (86.6% and 88.2% of the respondent companies), during MCOs (92.8% and 89.7% of the respondent companies), during CMCO (88.4% and 85.2% of the respondent companies), during RMCO (86.5% and 83.8% of respondent companies).
The average annual limit for outpatient expenses provided for Top/ Senior Managers was RM4,407.00 per year, Managers (RM3,384.21 per year), Executives (RM2,635.08 per year) and Non Executives (RM2,346.39 per year).
Hospitalisation and surgical insurance schemes were commonly used to pay for hospitalisation treatment expenses for Top/ Senior Managers (61.1%), Managers (62.3%), Executives (60.8%) and Non Executives (57.2%) of the respondent companies. The average annual coverage hospitalisation and surgical provided for Top/ Senior Managers was RM104,431.82 per year, Managers (RM61,913.04 per year), Executives (RM49,300.00 per year), Non Executives (RM33,255.32 per year).