Employee Benefits in Ghana

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What are employee benefits?

Employee benefits are any perks or perquisites given to employees in addition to their salary. Common employee benefits include health insurance, dental insurance, vision insurance, life insurance, disability insurance, 401(k) plans, paid time off, and more. Employers offer employee benefits to attract and retain top talent, as well as to promote a healthy work-life balance for their employees. 

employee benefits

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

Employee benefits are important to companies in Ghana for several reasons.

First, they help attract and retain employees. Benefits can make a job more attractive to prospective employees, and they can also help keep existing employees from leaving for another job.

Second, employee benefits can improve morale and motivation. When employees feel that their employer is investing in them, they are more likely to be engaged and productive at work.

Finally, employee benefits can improve the overall health of the workforce. This is important not only for the well-being of employees but also for the bottom line of the company. Healthy employees are less likely to miss work due to illness, and they are also more productive when they are at work.

What are the most common employee benefits offered in Ghana?

When it comes to benefits for employees, wellness programs are becoming increasingly popular in Ghana. Here are some of the top benefits that your company can offer by implementing a wellness program:

1. Improved Employee Health and Well-Being: Wellness programs can lead to improved employee health and well-being. By encouraging employees to adopt healthy lifestyle choices, they can enjoy better physical and mental health. This can lead to increased productivity and reduced absenteeism.

2. Lower Healthcare Costs: Healthier employees tend to have lower healthcare costs. This is because they require less medical care and take fewer sick days. As a result, companies can save money on their healthcare costs by investing in wellness programs.

3. Increased Employee Retention: Happy and healthy employees are more likely to stay with a company for the long haul. This is beneficial for both the employer and the employee, as it reduces turnover costs and helps build a strong team of experienced workers.

4. Improved Morale and Job Satisfaction: When employees feel good about themselves and their work, they are more likely to be engaged and productive.

Is Employee health insurance a mandatory employee benefit in Ghana?

In Ghana, employee health insurance is considered a mandatory employee benefit. This means that all employers must provide at least one form of health insurance for their employees.

What is the cost for employee benefits package in Ghana?

In Ghana, the average cost of an employee benefits program is $1,500 per year. This cost can vary depending on the size and scope of the program, as well as the number of employees enrolled in the program. The average cost per employee enrolled in a benefits program is $700 per year. This cost includes the cost of benefits such as health insurance, life insurance, and retirement savings plans.

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

Who are the top employee benefits providers in Ghana?

Aon Ghana is a leading provider of employee benefits and human resource consulting services. They have a team of experienced professionals who are dedicated to providing the best possible service to their clients.

Willis Towers Watson Ghana is another leading provider of employee benefits and human resource consulting services. They have a wealth of experience in the industry and are committed to providing their clients with the highest quality service possible.

MantraCare is the top employee benefits solution provider in Ghana. 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 Ghana?

  • Accra
  • Kumasi
  • Tamale
  • Sekondi-Takoradi
  • Sunyani
  • Cape Coast
  • Obuasi
  • Teshie
  • Tema
  • Koforidua

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