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Employee Benefits: Is your company competitive?

Spinnaker know that it’s not just competitive salaries and bonuses that attract and retain staff, employee benefits also play a vital part.

The Maritime HR Association is in a unique position to be able to survey over 100 maritime companies consisting of shipowners, shipmanagers, trading houses and oil majors, about their additional employee benefits and pay reviews.

Earlier this year the association released a report covering leave benefits which included maternity, paternity, compassionate and sick leave. To complete the benefits information for members, last week the association released a report on staff benefits and policies which covered pensions, life insurance, private medical, permanent health insurance, and wellbeing initiatives.

The report summarised data by location and then by benefit. Enough data was received to produce detailed information for the following locations:

  • Australia;
  • Canada;
  • China;
  • Denmark;
  • Germany;
  • Hong Kong;
  • India;
  • Norway;
  • Philippines;
  • Singapore;
  • The UAE;
  • United Kingdom; and
  • United States of America.

These reports can also highlight any new trends in the industry. For example, since the COVID pandemic we have seen an increase in wellbeing initiatives, flexible working, and Employee Assistance Programmes (EAP’s) in the industry as staff mental and physical wellbeing has jumped to the forefront of everyone’s minds.

Lucy McQuillan, Spinnaker’s HRC Manager says “Information exchanges are such a vital part of the Maritime HR Association, second to the annual salary survey. It’s imperative that our members have access to accurate market comparisons on salaries and bonuses but also on benefits to ensure our members remain competitive.”

To join over 100 maritime companies and become a member of the Maritime HR Association contact: [email protected] for further information.

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