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Employee benefits are any perks or advantages that are given to employees in addition to their regular pay. These can include health insurance, dental insurance, 401k plans, and paid vacation days. Employee benefits are a great way to attract and retain top talent. They can also help improve employee morale and motivation.
Why companies in New Zealand offer employee benefits?
There are a number of reasons why companies in New Zealand offer employee benefits. One of the primary reasons is to attract and retain top talent. By offering competitive benefits, companies can make themselves more attractive to potential employees and improve their chances of retaining existing workers.
Benefits can also help to improve morale and motivation among employees. When workers feel that their employer cares about their well-being and is willing to invest in their development, they are more likely to be engaged and productive. Finally, offering benefits can help to create a positive corporate image and foster goodwill among customers and other stakeholders. Ultimately, this helps to create a positive corporate image and foster goodwill among customers and other stakeholders.
What are the top employee benefits offered in New Zealand?
Some of the most popular wellness programs offered in New Zealand include fitness facilities and memberships, health screenings and assessments, smoking cessation programs, and stress management programs. These programs can be offered as stand-alone benefits or as part of a comprehensive employee benefits package.
Fitness facilities and memberships are a great way for employees to stay active and healthy. Many employers offer discounts on gym memberships, and some even provide on-site fitness facilities.
Health screenings and assessments help employees identify health risks and make lifestyle changes to reduce those risks. screenings can include blood pressure, cholesterol, and glucose testing, as well as body mass index (BMI) checks.
Smoking cessation programs can help employees quit smoking, which has been shown to have significant health benefits. These programs typically include counseling, group support, and medication assistance.
Stress management programs can help employees reduce stress, increase relaxation, and improve their overall well-being. These programs may include yoga, meditation, and massage therapy.
Top employee benefits providers in New Zealand
MantraCare is a leading provider of employee benefits provider in New Zealand. 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.
Aon New Zealand is a leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions. They have a wide range of benefits packages that can be tailored to meet the needs of your business and employees.
Mercer is a global consulting leader in talent, health, retirement, and investment solutions. They offer a wide range of benefits solutions, including health and wellness, retirement planning, and financial wellness programs.
Cost of Employee benefits program in New Zealand
The cost of an Employee benefits will vary depending on the provider, the size of the company, and the services offered.
However, some common benefits that employers often provide include wellness programs, health insurance, and retirement savings plans. The average cost of providing these benefits to employees is about 3,700 baht per month.
MantraCare is one of the most cost-effective employee benefits provider with plans starting at $3 per employee.