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Employee Perks in Saudi Arabia
Employee perks are benefits provided by an employer to their employees, in addition to their salary. These can include things like free or discounted gym memberships, free or discounted childcare, free or discounted travel, and more.Employee perks can be a great way to attract and retain top talent. They can also help improve employee morale and motivation.
What are the benefits of Work perks?
There are many reasons why companies in Saudi Arabia offer work perks. One of the most important reasons is to attract and retain top talent. By offering perks such as free housing, transportation, and healthcare, companies can make sure that their employees are happy and productive. Additionally, these perks help to create a positive working environment and culture within the company.
Another reason why companies offer work perks is to stay competitive. In a global market, Saudi Arabian companies need to offer attractive packages in order to attract the best workers. By offering work perks, they are able to remain competitive and attract top talent from around the world.
Finally, work perks help to build morale and motivation within the company. When employees feel like they are being taken care of by their employer, they are more likely to be engaged and invested in their work. This leads to higher productivity and better results for the company.
What are the most common Work perks?
There are a lot of employee perks offered in Saudi Arabia. Some of the most popular include health and wellness programs, 401k retirement plan, paid leave, and flexible work hours. Here are some of the top benefits offered in the country:
1. Health and wellness programs: Many companies offer health and wellness programs as part of their employee perk package. These programs can offer employees discounts on gym memberships, medical services, and more.
2. 401k retirement plans: Another popular perk is a 401k retirement plan. This plan allows employees to save for their retirement while they are working. Many companies also offer matching contributions, which makes your savings grow even faster.
3. Paid leave: Many companies also offer paid leave as part of their employee perk package. This leave can be used for anything from taking care of a sick family member to traveling for work purposes.
4. Flexible work hours: Another popular perk is flexible work hours. This allows employees to arrange their work schedule around their personal obligations and needs. This can be a huge advantage for people who have families or children who need care during the day.
What is the Cost for Employee Perks Package?
The cost of an Employee perks will depend on the provider, company size, and services offered.
The average cost of employee perks in Saudi Arabia is around SR200,000. This includes things like company cars, health insurance, and retirement contributions. Some companies also offer bonuses and other benefits related to work, such as maternity leave or childcare facilities.
Who are the top employee perks providers in Saudi Arabia?
Aon plc is a leading global professional services firm that provides a broad range of risk, reinsurance, retirement and health solutions. They have a strong presence in Saudi Arabia and offer a wide range of employee benefits solutions.
Mercer is a global consulting leader in talent, health, retirement, and investment solutions. They have a strong focus on helping organizations attract, develop, and retain top talent. In Saudi Arabia, they offer a wide range of employee benefits solutions, including health and retirement planning.
MantraCare is the top Employee perks vendor in Saudi Arabia. They not only provide excellent employee benefits in Saudi Arabia, 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 Saudi Arabia
- Al Kharj