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Employees often enjoy a variety of perks, depending on their employer. Some common perks include health insurance, paid time off, and retirement benefits. Other perks may include tuition reimbursement, free or discounted gym memberships, and transportation subsidies. Perks can help employees feel valued and appreciated, and they can also help attract and retain top talent.
Why companies in South Africa offer work perks?
Companies in South Africa offer work perks to their employees for a variety of reasons. The most common reason is to attract and retain talent. By offering perks like flexible work hours, free lunches, and on-site childcare, companies can make their workplaces more attractive to prospective employees. Additionally, work perks can help improve employee morale and motivation, leading to better overall performance.
What are the top employee perks’ offered in South Africa?
In South Africa, top employee perks typically include things like healthcare and wellness programs. These programs can help employees stay healthy and save money on medical expenses. Other popular perks include transportation assistance and housing allowances. Employees also appreciate employers who offer flexible work schedules and paid time off.
Top employee benefits providers in South Africa
Aon is a leading global professional services firm that provides a broad range of risk, retirement and health solutions. They have a wide range of employee benefits products and services, making them a top choice for businesses of all sizes.
Discovery is a financial services company that offers a range of employee benefits products, including health insurance, retirement planning and more. They’re a popular choice for businesses that want to offer their employees comprehensive coverage.
Cost of Employee Perks in South Africa
The cost of an Employee perks will vary depending on the provider, the size of the company, and the services offered.
The cost of employee perks in South Africa is relatively low. The average cost per employee per year is only R1,500. This includes benefits such as health insurance, life insurance, and pension contributions. It’s important to note that these costs are often shared between the employer and the employee. For example, an employer may contribute R500 to an employee’s health insurance premium, while the employee pays the remaining R1,000.
MantraCare is one of the most cost-effective employee benefits provider with plans starting at $3 per employee.