A complete guide on employee benefits & perks in Israel

What are Employee Benefits?

There are many benefits to being an employee. Employees receive a regular paycheck, and they are also eligible for health insurance and other benefits. Some companies offer employees paid vacation days, and others offer tuition reimbursement. Employee benefits can vary from company to company, but they are typically a valuable part of the employment package.

Why companies in Israel offer employee benefits?

There are many reasons why companies in Israel offer employee benefits. The most common reason is to attract and retain employees. By offering benefits, companies can make their jobs more attractive to potential employees and keep existing employees from leaving for greener pastures.
Another common reason for offering employee benefits is to improve morale and motivation. When employees feel that their employer cares about them and is willing to invest in their well-being, they are more likely to be productive and happy at work.

Finally, offering employee benefits is simply good business. When employees are healthy and happy, they are more likely to be productive, which ultimately boosts the bottom line.

So there you have it: three good reasons why companies in Israel offer employee benefits. Now that you know, take advantage of the perks your company offers – you deserve it!

What are the top employee benefits offered in Israel?

In Israel, top employee benefits typically include some form of wellness program. This could be anything from on-site gyms and yoga classes to subsidies for gym memberships or fitness classes. Other popular benefits include flexible work hours, free or discounted childcare, and transportation allowances. Some of the top employee benefits offered in Israel include:

– Wellness programs: Many companies offer on-site gyms and yoga classes, or subsidies for gym memberships or fitness classes, in order to encourage a healthy lifestyle for their employees.

– Flexible work hours: Many businesses are flexible when it comes to their employees’ work hours, which can help with work-life balance.

– Free or discounted childcare: This benefit helps parents with the cost of childcare, and can be a big relief for families.

– Transportation allowances: Many companies offer their employees transportation allowances to help with the cost of getting to and from work.

Top employee benefits providers in Israel

MantraCare is a leading provider of employee benefits provider in Israel. 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.

Aetna is one of the largest employee benefits providers in Israel. The company offers a wide range of benefits packages, including health insurance, dental insurance, and life insurance. Aetna also has a retirement plan that can help employees save for their future.

Cigna is one of the top employee benefits providers in Israel. They offer a wide range of services, including health insurance, dental insurance, and vision insurance. They also have a network of hospitals and clinics that their members can use.

Cost of Employee benefits program in Israel

The cost of an Employee benefits will vary depending on the provider, the size of the company, and the services offered.

The average cost of an employee benefits program in Israel is about $1,500 per year. This includes health insurance, retirement savings, and other perks. Most companies offer their employees a benefits package, and it is often one of the deciding factors when choosing between job offers. The cost of benefits is usually borne by the employer, although some employees may have to contribute to their own health insurance premiums.

MantraCare is one of the most cost-effective employee benefits provider with plans starting at $3 per employee.

Try MantraCare Wellness Program free