Flexible Benefits and Risk Assessment

The video discusses the rising costs of employer-sponsored medical benefits in Asia, which are increasing at a rate much higher than inflation. It highlights the changing preferences of employees regarding benefits and the need for companies to offer competitive plans. The video introduces a free people risk assessment tool by Massage Benefits, which helps companies benchmark their current benefits, optimize costs, and improve employee satisfaction.

What is the expected increase in the cost of employer-sponsored medical benefits in Asia this year?

• 5%

• 10%

• 15%

• 20%

How does the expected increase in medical benefits cost compare to the general inflation rate?

• Twice as high

• Five times higher

• Three times higher

• Four times higher

Why is it important to evaluate your company's benefits plan?

• To stay competitive in talent acquisition

• To reduce employee workload

• To comply with legal requirements

• To increase company profits

What should companies consider when offering flexible benefits?

• Employee preferences

• Company size

• Market trends

• All of the above

What is one of the key questions to ask about your benefits plan?

• How many employees are there?

• How much do employees earn?

• Do flexible benefits work better?

• What is the company's revenue?

What does the 'Your People Risk Assessment' tool provide?

• A marketing strategy

• A financial audit

• A list of competitors

• A complimentary report

How long does it take to complete the 'Your People Risk Assessment'?

• 5 minutes

• 20 minutes

• 10 minutes

• 15 minutes

What is a benefit of using the 'Your People Risk Assessment' tool?

• Reduced employee benefits

• Increased employee workload

• Higher company expenses

• Tailored cost optimization recommendations

What is the ultimate goal of refining your benefit strategy?

• To eliminate employee benefits

• To reduce company size

• To increase employee workload

• To attract and retain talent

What action is encouraged at the end of the video?

• To take the 'Your People Risk Assessment'

• To ignore the assessment

• To reduce employee benefits

• To increase company profits