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Employee benefits are perks that are given to employees in addition to their salary. These benefits can include health insurance, dental and vision insurance, paid time off, and retirement plans. Some companies also offer employee discounts, tuition reimbursement, and child care assistance. Employee benefits are a way for companies to attract and retain good employees.
Why companies in Bangladesh offer employee benefits?
There are many reasons why companies in Bangladesh offer employee benefits.
One reason is to attract and retain talent. By offering competitive benefits, employers can make their company an attractive place to work and improve employee retention.
Another reason is to improve employee productivity. When employees are happy and healthy, they are more likely to be productive.
Finally, offering employee benefits is simply good for business. It shows that companies care about their employees and are committed to their well-being. This can improve morale and create a more positive work environment.
Overall, there are many reasons why companies in Bangladesh offer employee benefits. By doing so, they can attract and retain talent, improve employee productivity, and show that they care about their employees.
What are the top employee benefits offered in Bangladesh?
There are a number of top employee benefits that are offered in Bangladesh. Some of these include:
– Health insurance: This is one of the most important benefits that employees can receive, as it helps to ensure that they are able to access quality healthcare when they need it.
– Retirement Savings Plan: A retirement savings plan can help employees to save for their future, and ensure that they have a comfortable retirement.
– Paid Time Off: Paid time off is an important benefit for employees, as it allows them to take time off from work when they need it, without having to worry about losing pay.
– Job Security: Job security is another top benefit that employees can receive, as it helps to ensure that they will have a job to come back to after taking time off.
– Wellness Program: A wellness program can help employees to stay healthy, both physically and mentally. This can include things like gym memberships, health screenings, and stress management programs.
These are just some of the top employee benefits that are offered in Bangladesh. By offering these benefits, employers can attract and retain top talent, and keep their employees happy and productive.
Top employee benefits providers in Bangladesh
MantraCare is a leading provider of employee benefits provider in Bangladesh. They offer multiple employee benefits programs for employees such as EAP, Corporate Yoga, Physical therapy, chronic condition reversal (for Diabetes & Hypertension), meditation, work counseling & more.
Bupa is a leading international healthcare and insurance company, and they have a strong presence in Bangladesh. They offer a comprehensive range of health insurance plans for businesses and individuals, as well as a wide range of other employee benefits such as dental cover, optical cover, and more.
Aetna is another leading international healthcare and insurance company, and they offer a wide range of health insurance plans for businesses and individuals in Bangladesh. They also offer a range of other employee benefits such as dental cover, optical cover, and more.
Cost of Employee benefits program in Bangladesh
The cost of an Employee benefits will vary depending on the provider, the size of the company, and the services offered.
A small company may only have to pay for health insurance, while a larger company may have to pay for health insurance, retirement benefits, and other perks. The average cost of an employee benefits program in Bangladesh is about $1,500 per year.
MantraCare is one of the most cost-effective employee benefits provider with plans starting at $3 per employee.