What are Employee Benefits ?
Employee benefits are any kind of tangible or intangible compensation given to employees apart from base wages or base salaries. Employee benefits, refer to non-wage compensation provided to employees in addition to their regular salary or wages.
- Benefits at work
- Benefits for health
- Benefits for financial security
- Lifestyle benefits
These benefits are designed to enhance the overall employment experience, promote employee satisfaction, and encourage a healthy work-life balance. They play a crucial role in attracting, retaining, and motivating a talented workforce, as well as fostering a positive organisational culture.
What policies can we offer your companies employee’s:
Group Retirement Fund
Pension funds are investment pools that pay for workers' retirements. Funds are paid for by either employee, employers, or both. There are two types of pension funds.A provident fund is the same as a pension fund, but differs in that when you resign or retire, you can take the entire sum as cash, which you’ll be taxed on. You don’t need to purchase an annuity.
Medical insurance products were introduced as a more affordable alternative. These products are governed either by short-term or long-term law, and not by medical aid regulations. They, therefore, do not have to include the prescribed set of minimum benefits and can impose different waiting-period criteria, as well as a maximum entry age limit.
Individual unit trust-based retirement annuities are managed on a group basis, with minimal administration requirements for you, while your employees get all the benefits of having their own retirement annuity, including tax advantages, control of their investment choices, flexibility, and portability.
Critical Illness Cover is a way of assuring against the massive impact that health problems and traumatic events can have on your life.
Estate Planning means that after the time of your death, the transfer costs of your wealth and assets will be neatly covered by our cover.