Employee Benefits in Colombia

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What are employee benefits?

Employee benefits are any perks or additional compensation that an employee receives as part of their job. Benefits can include health insurance, retirement savings plans, paid time off, and more. Employers offer benefits to attract and retain employees, as well as to improve morale and productivity. In many cases, benefits are required by law. 

employee benefits

What are the reasons that companies in Colombia offer employee benefits?

Companies in Colombia offer employee benefits for a variety of reasons. One reason is to attract and retain talented employees. Another reason is to improve employee morale and motivation. Additionally, offering employees benefits can help improve productivity and reduce absenteeism.

Some common employee benefits that companies in Colombia offer include health insurance, paid vacation days, and retirement savings plans. These benefits can help employees feel more secure and valued, which can lead to improved performance at work. Additionally, offering these types of benefits can show potential candidates that your company is an attractive place to work, which can help you attract top talent.

What are the most common employee benefits offered in Colombia?

When it comes to employee benefits, Colombian companies are ahead of the curve in offering innovative and comprehensive programs. Here are some of the top employee benefits offered in Colombia:

1. Wellness programs: Many Colombian companies offer wellness programs as an employee benefit. These programs often include access to gyms and fitness classes, health screenings, and other wellness activities.

2. Flexible work schedules: Colombian companies are increasingly offering flexible work schedules to their employees. This benefit allows employees to better balance their work and personal lives.

3. Childcare assistance: More and more Colombian companies are offering childcare assistance as an employee benefit. This helps employees with young children to better balance their work and family responsibilities.

4. Telecommuting options: Telecommuting is becoming more popular in Colombia, and many companies are offering this option as an employee benefit. This allows employees to work from home, which can be a great perk for those with long commutes or who need to care for family members.

5. Generous vacation time: Colombian companies typically offer more vacation time than their counterparts in other countries. This benefit allows employees to take extended breaks to enjoy the country’s many beautiful beaches and attractions.

Is Employee health insurance a mandatory employee benefit in Colombia?

In Colombia, employee health insurance is mandatory for all employers with at least five employees. The benefits offered by Colombian health insurance plans vary greatly, but most typically include coverage for hospitalization, primary care, prescription drugs, and maternity care

What is the cost for employee benefits package in Colombia?

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

Colombian benefits programs are some of the most affordable in the world. The average cost of an employee benefits program in Colombia is just $92 per month. This low cost is due in part to the country’s low wages and low cost of living. Despite these low costs, however, Colombian benefits programs are still very comprehensive and provide a wide range of coverage.

MantraCare offers the most comprehensive and cost-effective employee benefits program starting at $3 per employee.

Who are the top employee benefits providers in Colombia?

Blue Cross Blue Shield of Colombia is one of the largest employee benefits providers in the country. They offer a wide range of services, including health, dental, and vision insurance, as well as life insurance and disability coverage.

Colmena Golden Cross is a leading provider of health insurance in Colombia. They offer a wide range of plans, including individual and

MantraCare is the top employee benefits solution provider in Colombia. They help design the benefits plan and execute the same with the HR. They offer comprehensive employee benefits programs that promote physical and mental well-being.

Their services include EAP, corporate yoga, physical therapy, chronic condition reversal (for diabetes & hypertension), meditation, work counseling, and more.

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In which cities can MantraCare offer Employee Benefits Packages in Colombia?

  • Bogotá
  • Medellín
  • Cali
  • Barranquilla
  • Cartagena
  • Cúcuta
  • Soledad
  • Ibagué
  • Soacha
  • Bucaramanga

If you are a company in Colombia, looking to implement an Employee Benefits program, talk to employee benefits experts at Mantracare: Schedule a Call >