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What are employee benefits?
Employee benefits are a key part of any compensation package. They can help attract and retain top talent, and they can also boost morale and productivity. Popular benefits include flexible spending accounts (FSAs), life insurance, and tuition reimbursement. When considering which benefits to offer, it’s important to consider the needs of your employees and what will best meet their needs.
What are the reasons that companies in UAE offer employee benefits?
Companies in the United Arab Emirates offer employee benefits for a variety of reasons.
First, employee benefits help attract and retain employees. In a country with a high cost of living, offering competitive benefits helps companies keep their employees happy and reduces turnover.
Second, employee benefits improve morale and motivation. When employees feel like their company cares about their well-being, they are more likely to be productive and engaged in their work.
Third, employee benefits can help improve public perception of the company. In a country where business practices are often under scrutiny, offering generous employee benefits can help show that the company is committed to its employees and to being a good corporate citizen.
Fourth, employee benefits can help the company save money in the long run. By investing in employee health and well-being, companies can reduce absenteeism and healthcare costs.
Finally, employee benefits show that the company values its workforce. In a country where labor laws are often unfavorable to workers, offering strong employee benefits can signal that the company is committed to its employees’ rights and well-being.
What are the most common employee benefits offered in UAE?
The United Arab Emirates (UAE) offers a number of benefits to employees, including wellness programs. These programs can help employees stay healthy and improve their overall well-being. The UAE offers a number of different wellness programs, including:-
Health check-ups: Employees can receive regular health check-ups to ensure they are staying healthy.
Exercise classes: Employees can participate in exercise classes, which can help them stay active and fit.
Nutritional counseling: Employees can receive nutritional counseling to help them make healthy choices when it comes to food and drink.
Stress management: Employees can participate in stress management programs to help them cope with work-related stress. These are just some of the many benefits that employees can receive in the UAE. By offering these types of benefits, employers are showing that they care about their employees’ health and well-being.
Is Employee health insurance a mandatory employee benefit in UAE?
Yes, employee health insurance is mandatory in the United Arab Emirates. All employers must provide coverage for their employees, and all employees must be enrolled in a plan. The minimum required coverage is generally gynecological care, primary care, and hospitalization coverage. Some companies also offer additional benefits, such as accident insurance and maternity leave coverage. Employees who do not have health insurance may be able to purchase plans through the government-run health care program or through private insurers.
What is the cost for employee benefits package in UAE?
The cost of an employee benefits program in the United Arab Emirates can vary depending on the size and scope of the program. However, the average cost of an employee benefits program in the UAE is approximately $1,500 per year. This cost includes the cost of health insurance, life insurance, and other benefits such as retirement savings plans and disability insurance.
MantraCare offers the most comprehensive and cost-effective employee benefits program starting at $3 per employee.
Who are the top employee benefits providers in UAE?
Cigna is one of the largest employee benefits providers in the UAE, with a wide range of products and services designed to meet the needs of employees.
Aon provides a wide range of employee benefits, including health insurance, life insurance, and retirement planning.
MantraCare is the top employee benefits solution provider in UAE. 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.
In which cities can MantraCare offer Employee Benefits Packages in UAE?
- Abu Dhabi
- Al Ain
- Ras Al Khaimah
If you are a company in UAE, looking to implement an Employee Benefits program, talk to employee benefits experts at Mantracare: Schedule a Call >