Employee Benefits in Madagascar

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What are employee benefits?

Employee benefits are any perks or privileges that an employee receives as part of their job. These can include things like health insurance, paid vacation days, and retirement savings plans. Employee benefits are important to both employees and employers. They help to attract and retain top talent, and they can improve employee morale and productivity.

employee benefits

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

In Madagascar, employee benefits are seen as a way to attract and retain good employees. By offering benefits such as health insurance, paid vacation, and other perks, companies can make their workplace more attractive to potential recruits. Additionally, offering benefits can help improve employee morale and motivation, leading to higher productivity levels. Ultimately, offering employee benefits is beneficial for both employers and employees, and helps contribute to a thriving business environment in Madagascar.

What are the most common employee benefits offered in Madagascar?

Madagascar is a beautiful country with a rich culture and history. Its people are friendly and welcoming, and its natural scenery is breathtaking. The country has a lot to offer tourists, but it’s also a great place to work. If you’re considering working in Madagascar, you may be wondering what the top employee benefits are.

One of the top employee benefits offered in Madagascar is wellness programs. These programs help employees stay healthy and fit, and they can include things like fitness classes, nutritional counseling, and stress management resources. wellness programs are a great way for employers to show their employees that they care about their health and wellbeing.

Another top employee benefit offered in Madagascar is paid time off. Employees in Madagascar are entitled to 20 days of paid vacation per year, and they can also receive up to 10 days of paid sick leave. This ensures that employees have plenty of time to relax and enjoy the country’s many attractions.

Finally, another top employee benefit offered in Madagascar is flexible work hours. Many employers in the country are willing to work with employees to create a schedule that works for both parties. This can be a great perk for employees who want to explore the country or take advantage of its many outdoor activities.

Is Employee health insurance a mandatory employee benefit in Madagascar?

In Madagascar, employee health insurance is not mandatory, but it is an important benefit for many employees. However, while employee health insurance is not mandatory in Madagascar, most companies offer coverage as a benefit to their workers. 

What is the cost for employee benefits package in Madagascar?

The average cost of an employee benefits program in Madagascar is $2,849 per year. The cost of the program varies depending on the number of employees enrolled in the program and the type of benefits offered. The most common benefit programs offered in Madagascar are health insurance, life insurance, and retirement 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 Madagascar?

Blue Cross Blue Shield is a leading provider of health insurance in Madagascar. They offer a wide variety of plans, including both individual and group coverage.

Aetna is another major player in the Madagascar employee benefits market. They offer a variety of plans, including both medical and dental coverage.

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

  • Antanifotsy
  • Amparafaravola
  • Tôlanaro (Tolagnaro, Tola’aro, Faradofay)
  • Ambatondrazaka
  • Mananara Avaratra (Mananara Nord)
  • Nosy Varika
  • Soavinandriana
  • Mahanoro
  • Manakara (Manakara-Atsimo)
  • Soanierana Ivongo

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