First expansion to the Islamic world
PT. BENEFIT ONE INDONESIA established in May
Tokyo, Japan - June 2014 PT. BENEFIT ONE INDONESIA was established on May 12th and officially launched the 'Incentive Point' Program, the Company's first venture in an Islamic world.
ITOCHU Corporation and Benefit one Inc. started a joint venture, Benefit One Asia Pte Ltd. in October 2013 at Singapore. Since then, we have aimed to strengthen our business in ASEAN.
In line with Indonesia's strong economic growth, wages are rising and more employees are job hunting. Thus, there is growing demand among companies to implement incentive programs and improve fringe benefits in order to boost employees' retention.
The 'Incentive Point' Program launched in Indonesia will target mainly local staffs working at Japanese companies by allowing companies to reward employees with incentives in neither traditional cash nor vouchers- but in points. Services will begin from June.
Employees can use their 'point rewards' to redeem products and other benefits- at special discounted price. Redeemable products include travel packages and F&B venues as well as daily cost saving items such as food and communication fees. Since Indonesia's population is 90% Muslim, specific items such as travel plans to pilgrimage Mecca, clothing and vitamins used during fasting.
In the future, the Company plans to provide the 'Incentive Point' Program to local and multinational companies as well as provide fringe benefit outsourcing service 'Benefit Station'.
Company Outline
PT. BENEFIT ONE INDONESIA | |
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Headquarter | World Trade Centre 2, 18th floor Jl. Jend. Sudirman kav. 29-31 Jakarta 12920 Indonesia |
Establishment | May 12, 2014 |
Paid-in capital | IDR 10,000 million |
President | Norio Shiraishi |
Business activities | Outsourcing service of employee incentive programs |
Shareholders | Benefit One Asia Pte. Ltd. 99% Benefit one Inc. 1% |