Employee Benefits in Ukraine

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What are employee benefits?

Employee benefits are any perks, privileges, or advantages that are provided to employees in addition to their regular wages or salaries. Benefits can be either voluntary (provided by the employer but not required by law) or mandated (required by law). Mandated employee benefits may include social security, unemployment compensation, workers’ compensation, and family and medical leave. Employers may provide employee benefits to attract and retain workers, to comply with the law, or as a way to show appreciation for their employees. 

employee benefits

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

In Ukraine, employee benefits are fairly standard across most companies. However, there are a few key reasons why companies offer employee benefits.

First, it helps to attract and retain top talent. With a competitive benefits package, companies can lure in the best workers and keep them around for the long haul.

Secondly, employee benefits help to boost morale and motivation. When employees feel like they are being taken care of by their company, they are more likely to be productive and happy in their work.

Finally, offering employee benefits is simply good business sense. It shows that a company cares about its employees and is willing to invest in their wellbeing. In the end, this leads to a more efficient and effective workforce.

What are the most common employee benefits offered in Ukraine?

When it comes to employee benefits, Ukraine has a lot to offer. Here are some of the top benefits that Ukrainian employees can enjoy:

1. Wellness programs. Numerous companies in Ukraine offer wellness programs as an employee benefit. These programs can include discounts on gym memberships, free or discounted health club memberships, and other perks that help employees stay healthy and fit.

2. Childcare benefits. Many Ukrainian companies offer childcare benefits as an employee benefit. This can be a great perk for employees who have young children and need assistance with childcare costs.

3. Transportation benefits. Some Ukrainian companies offer transportation benefits as an employee benefit. This can include free or discounted public transportation passes, gas vouchers, or even carpooling options.

4. Discounts at local businesses. Many Ukrainian companies offer discounts at local businesses as an employee benefit. This can be a great way to save money on everyday expenses like groceries, dining out, and more.

5. Paid time off. Most Ukrainian companies offer paid time off as an employee benefit. This can include vacation days, sick days, and personal days. Employees can use this time to relax and recharge, or take care of personal business without having to use their own vacation time or sick days.

Is Employee health insurance a mandatory employee benefit in Ukraine?

In Ukraine, employee health insurance is not mandatory, but it is generally considered a desirable benefit for employees. While there are a few companies that do not offer health insurance to their employees, the vast majority of Ukrainian companies provide some form of coverage. 

What is the cost for employee benefits package in Ukraine?

The cost of employee benefits in Ukraine can vary depending on the type and size of the company. However, the average cost of an employee benefits program in Ukraine is $1,200 per year. This cost includes health insurance, paid vacation days, and other benefits.

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

Who are the top employee benefits providers in Ukraine?

MetLife is another top employee benefits provider in Ukraine. They offer a variety of insurance products, including life, health, disability, and long-term care insurance. In addition, they offer a wide range of financial services, including retirement planning and investment advice.

Aon is a global leader in employee benefits and risk management. They have a strong presence in Ukraine and offer a comprehensive range of benefits packages. Their services include health and dental insurance, life insurance, disability insurance, and more.

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

  • Kyiv
  • Kharkiv
  • Donetsk
  • Odessa
  • Dnipro
  • Lviv
  • Kryvyy Rih
  • Mykolayiv
  • Sevastopol

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