A complete guide on employee benefits & perks in Maldives

What are Employee Benefits?

Employee benefits are any perks or privileges that an employee receives as part of their job. Common examples of employee benefits include health insurance, dental insurance, and paid vacation days. Some companies also offer employees additional benefits like gym memberships or child care services. Employee benefits can be very valuable, especially to those who receive them.

Why companies in Maldives offer employee benefits?

There are many reasons why companies in the Maldives offer employee benefits, but one of the most important is to promote employee wellness. Wellness programs help employees maintain a healthy lifestyle, which can lead to improved productivity and lower healthcare costs. Employees who are healthy and happy are more likely to stay with a company, and they can also serve as role models for other employees.
Employee benefits also help to attract and retain talented employees. Good employee benefits can be a major selling point when a company is recruiting new employees, and they can also help to keep existing employees from leaving for another job.

What are the top employee benefits offered in Maldives?

There are many top employee benefits that Maldives organizations offer to their workers. Among these are wellness programs, which can help employees maintain a healthy lifestyle and improve their overall well-being. Other top benefits may include retirement plans, health insurance, paid time off, and educational assistance. By offering these types of benefits, employers in the Maldives show their commitment to their workers and help them succeed both personally and professionally.

Top employee benefits providers in Maldives

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

AMW Group is a leading employee benefits provider in Maldives. They offer a range of services, including employee benefits consulting, administration, and management.

Mercer is a global consulting firm that helps businesses design and implements employee benefit programs. Their services include health and benefits consulting, retirement planning, and investment consulting.

Cost of Employee benefits program in Maldives

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

Many businesses in Maldives offer their employees a benefits program. This program can include health insurance, paid vacation days, and other perks. The average cost for a small business with 10 employees is $500 per month.

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

Try MantraCare Wellness Program free