ย
Healthcare ๐ฅ costs are rising faster than most businesses expected and many employers are feeling the pressure.
Medical inflation in Malaysia continues to climb, pushing up group medical premiums year after year. For employers, this creates a real dilemma:
๐ How do you manage rising costs without compromising employee wellbeing?
As a result, many companies are now reviewing their employee health benefits. Some are adjusting coverage, others are introducing cost-sharing, and some are simply trying to figure out what is sustainable in the long run.
This is not about cutting benefits for the sake of it but rather, balancing business realities with the responsibility of taking care of people.
For SMEs especially, the challenge is even tougher. Limited budgets and less negotiating power mean every decision has a bigger impact on both cash flow and staff morale. Catch 22 situation, really.
One thing is clear โผ๏ธ:
Employee health coverage is no longer just an HR benefit. It is a strategic business decision.
The question for employers today is not โCan we afford health coverage?โ
But rather: โIs our current coverage still sustainable and fit for purpose?โ
If you are keen to explore how to protect your employees without compromising your business, hit us up.
By now, you must have read the FMT report, whereby a doctor with RM8 million in savings was scammed, yet again. We have had:
๐ธ๏ธ teachers
๐ธ๏ธ badminton players
๐ธ๏ธ businessmen
๐ธ๏ธ retirees
๐ธ๏ธ even insurance agents!!!
falling prey to such malicious schemes.
The 2 most commonly used tactics are โค๏ธ scam and lucrative investments ๐ฐ. The former takes advantage of an individual's loneliness while the latter draws out your inner greed. The Edge Malaysia reported that a whopping RM53 billion were lost due to scams, with only 2% of victims managing to fully recover their losses. As a financial services provider, we will focus more on investment scams.
Scammers commonly draw their victims in by promising lucrative returns, ranging from 100 to 520%. In the aforementioned report, the doctor was ecstatic by the 520% return. By the way, in the Mandarin language, 520 = I โค๏ธ you. Something for all readers to take note ๐.
As the saying goes, "if something is too good to be true, it is." The "how is it possible?" question is no longer valid. Instead, we should be asking "what void are you trying to fill?" It may be a theory but we would guess that greed is correlated with lifestyle creep, i.e. the more you earn, the more lavish the spending.
There are a plethora of ways to invest safely be it, money market funds, precious metals, saving plans, FD, bonds, treasury bills etc. While there are risky investments, is it any more risky than dealing with someone whom you have never met?
Keep your money save, invest wisely. Scams aplenty, exercise your faculty.
#financialplanning #scams #CAPSWealth #greed
By now, you must have read the FMT report, whereby a doctor with RM8 million in savings was scammed, yet again. We have had:
๐ธ๏ธ teachers
๐ธ๏ธ badminton players
๐ธ๏ธ businessmen
๐ธ๏ธ retirees
๐ธ๏ธ even insurance agents!!!
falling prey to such malicious schemes.
The 2 most commonly used tactics are โค๏ธ scam and lucrative investments ๐ฐ. The former takes advantage of an individual's loneliness while the latter draws out your inner greed. The Edge Malaysia reported that a whopping RM53 billion were lost due to scams, with only 2% of victims managing to fully recover their losses. As a financial services provider, we will focus more on investment scams.
Scammers commonly draw their victims in by promising lucrative returns, ranging from 100 to 520%. In the aforementioned report, the doctor was ecstatic by the 520% return. By the way, in the Mandarin language, 520 = I โค๏ธ you. Something for all readers to take note ๐.
As the saying goes, "if something is too good to be true, it is." The "how is it possible?" question is no longer valid. Instead, we should be asking "what void are you trying to fill?" It may be a theory but we would guess that greed is correlated with lifestyle creep, i.e. the more you earn, the more lavish the spending.
There are a plethora of ways to invest safely be it, money market funds, precious metals, saving plans, FD, bonds, treasury bills etc. While there are risky investments, is it any more risky than dealing with someone whom you have never met?
Keep your money save, invest wisely. Scams aplenty, exercise your faculty.
#financialplanning #scams #CAPSWealth #greed
