Benefits Administration

On top of statutory payroll requirements, companies may choose to offer supplementary remuneration packages and benefits. In addition to their base salary, employees may be entitled to overtime pay, bonuses, awards and commissions, as well as housing allowance or rental reimbursement, stock purchase plans and private health insurance.

Part of the effort to recruit and retain top talent includes the effective and resourceful management of benefits. Running a benefits program that is cost-effective and attractive requires careful planning. Tricor's local expertise and international experience can support your business in a single country, and also the expansion of your business across a multitude of markets in Asia, and beyond.

Managing all aspects of benefits administration can be a time-consuming exercise, with local requirements and regulations presenting added layers of complexity. Tricor can shoulder the burden of dealing with administration, cost changes, general risks and legislative issues. We can help to streamline program management and develop tailored strategies to suit each business' specific goals and needs.

We supply our clients with the tools and support to educate their employees about their benefits. Equipped with a better understanding and confidence in their own decision-making, our clients' employees can enjoy improved health and financial security.

Tricor’s services include the following:

HR Advisory

  • Implementation and review of HR policies and procedures

Pension Scheme Set-Up & Administration

  • Assisting in setting up pension schemes
  • Acting as authorised signatory on pension schemes
  • Calculating pension contributions and arranging contribution payments to pension scheme providers
  • Arranging pension scheme enrolment and termination for new hires and leavers

Rental Reimbursement Scheme Set-Up & Administration

  • Formulating your company’s Rental Reimbursement Scheme policy
  • Designing the Scheme’s documentation and administrative procedures
  • Collating and verifying enrolment/claim forms and supporting documents