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Employee perks are any benefits or privileges that an employee receives in addition to their salary. Perks can include anything from company-paid health insurance to free gym memberships and free food. Employee perks are often used as a way to attract and retain talent. They can also help improve employee morale and motivation.
Why companies in UAE offer work perks?
There are several reasons why companies in United Arab Emirates offer work perks. The first is to attract and retain employees. With a highly competitive labor market, offering work perks can give companies an edge in attracting and retaining the best employees. Additionally, work perks can improve employee morale and motivation, leading to increased productivity. Finally, happy and healthy employees are less likely to take sick days, saving the company money in the long run.
What are the top employee perks’ offered in UAE?
The top employee perks offered in the United Arab Emirates (UAE) include wellness programs, fitness center memberships, and transportation allowances. These perks are designed to improve employee productivity and retention. UAE employers understand that a healthy and happy workforce is a productive workforce.
Wellness programs help employees maintain a healthy lifestyle. Fitness center memberships give employees access to workout facilities and classes. Transportation allowances help employees cover the cost of getting to and from work. These perks are just a few of the ways that UAE employers show they care about their employees’ well-being.
Top employee benefits providers in UAE
Aon is a leading global professional services firm that provides a broad range of risk, retirement, and health solutions.
MetLife is a global provider of life insurance, annuities, and employee benefits.
Mercer is a leading global provider of consulting, outsourcing, and investment services. Willis Towers Watson is a leading global advisory, broking, and solutions company.
Cost of Employee Perks in UAE
The cost of an Employee perks will vary depending on the provider, the size of the company, and the services offered.
In the United Arab Emirates, the average cost of employee perks is about $4,500 per year. This includes things like medical insurance, housing allowances, and transportation costs. For companies that have a large number of employees, this can add up to a significant amount of money. However, many companies feel that it is worth it to provide these benefits to their employees in order to attract and retain the best talent.
MantraCare is one of the most cost-effective employee benefits provider with plans starting at $3 per employee.