Benefits of PRS to Employer
Attract and retain the right talent
With the issue of brain drain and high employee turnover becoming more prevalent, attracting and retaining the right talents for your organisation can be challenging. You can leverage on PRS to give your valued employees an added benefit package, which can be one of the key factors to attract and retain them. Plus, the resulting lower turnover rate can help improve operating costs.
Gain more with customised vesting benefit for employees
PRS gives you the flexibility to customise a cost efficient employees’ compensation plan such as having a vesting benefit. This allows you to potentially gain from the unvested portion and at the same time promote loyalty amongst employees.
Note: Vesting benefit is subject to the Securities Commission's approval.
Receive a tax deduction on contributions made on behalf of your employees, up to 19% of employee remuneration.