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Employee Perks in Egypt
Employee perks are any benefits, privileges, or extras that are given to employees above and beyond their regular salary and compensation. These can be in the form of tangible objects (like company cars or gym memberships) or intangible benefits (like flexible work hours or extra vacation days). Perks are often used as a way to attract and retain top talent, as they can sweeten the pot of employment and make a company more attractive than its competitors. Additionally, perks can be used as a tool to boost employee morale and motivation, as they show that employees are valued and appreciated.
What are the benefits of Work perks?
Egyptian companies offer work perks for a variety of reasons. For one, they want to attract and retain the best employees. By offering perks like free or discounted transportation, free meals, and flexible hours, companies can make the workplace more attractive to potential recruits.
Additionally, work perks can help improve employee morale and motivation. When employees feel appreciated and supported by their employer, they are more likely to be productive and engaged in their work. This benefits the company as a whole, as higher productivity can lead to increased profits.
Finally, work perks can also help build a positive company culture. When employees feel like they are part of a supportive and fun workplace, they are more likely to stay with the company for the long term. This can help create a sense of loyalty and commitment among team members, which is essential for any business.
What are the most common Work perks?
There are a number of Work Perks offered in Egypt that can help to improve employee wellness and satisfaction. These include:
1. Health Insurance – Many employers offer health insurance as a Work Perk, which can help employees to cover the cost of medical care.
2. Paid Time Off – Most employers offer some form of paid time off as a Work Perk, which can allow employees to take time off from work to relax or pursue personal interests.
3. Retirement Plans – Many employers offer retirement plans as a Work Perk, which can help employees to save for their future.
4. Employee Discounts – Many employers offer discounts on products and services as Work Perk, which can help employees to save money on everyday purchases.
5. Wellness Programs – Many employers offer wellness programs as a Work Perk, which can help employees to improve their health and wellbeing.
What is the Cost for Employee Perks Package?
The cost of an Employee perks will depend on the provider, company size, and services offered.
In Egypt, employees benefit from a variety of perks, including paid vacation, maternity leave, health insurance, and more. The following is a breakdown of the average cost of employee perks in Egypt.The average cost of employee perks in Egypt is $3,737. This includes paid vacation (25%), maternity leave (14%), health insurance (74%), and other benefits (5%).
Who are the top employee perks providers in Egypt?
MaxiPlan is a leading provider of employee benefits in Egypt, with offerings that include medical insurance, dental insurance, and 401(k) plans.
AIG is one of the world’s largest insurance companies, and it offers a wide range of benefits for its employees in Egypt. The company provides retirement plans, health insurance, and other types of coverage. AIG also offers additional benefits, such as tuition reimbursement and flexible leaves.
MantraCare is the top Employee perks vendor in Egypt. They not only provide excellent employee benefits in Egypt, but they also offer extra perks like EAP, Stepathlon, Corporate Yoga, Physical therapy, and chronic condition reversal (for Diabetes & Hypertension), meditation, work counseling & more.
MantraCare offers Employee Perks in all major cities in Egypt