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To help you choose the perfect package for your team, we’ve outlined what counts as a:
- statutory requirement
- standard benefit
- great benefit
Statutory
Market Standard
Great
Holidays
Statutory
Not applicable
15 days paid
12 public holidays
Competitive
30 days paid
12 Public holidays
Above & Beyond
Unlimited
Flexible Working
Statutory
Not applicable
Competitive
Employees value flexibilie work arrangments highly, and this is a great way to reduce employees’ overall stress and improve well-being
Above & Beyond
Sick Leave
Statutory
Not applicable
30 days after first 6 mos
Competitive
2 months
Above & Beyond
3 months
Paternity Pay
Statutory
Not applicable
10 unpaid days
Competitive
20 days paid leave
Above & Beyond
3 months paid in full
Maternity Pay
Statutory
Not applicable
4 months unpaid; 60% salary from UIF for first 121 days
Competitive
4 months paid leave
Above & Beyond
4 months paid in full
Other
Statutory
Not applicable
Competitive
Above & Beyond
Volunteer Days
Sabbatical
Statutory
Market Standard
Great
Medical
Statutory
Not applicable
Public health care
Competitive
Private group plan
Private health plan stipend
Above & Beyond
International private medical insurance
Other Health
Statutory
Not applicable
Basic dental covered by government subsidised healthcare
Competitive
Private dental and vision insurance plan
Above & Beyond
Comprehensive medical plan which includes dental and vision
Pension
Statutory
Not applicable
Competitive
Employers contribution 9-13% of annual salary
Employee contribution 5-10% annual salary
Above & Beyond
Individual private defined contribution pension plan
Life Insurance
Statutory
Not applicable
Competitive
Group insurance combines life, disability and death protection
3x salary
Above & Beyond
Private life insurance plan which includes, funeral benefit, disease benefit
4-6x salary
Income Protection
Statutory
Not applicable
Contribution to UIF
Competitive
Group insurance combines life, disability and death protection
Above & Beyond
Private income protection plan
Statutory
Market Standard
Great
Wellbeing
Statutory
Not applicable
Competitive
Employee Assistance Program
Subsidised gym membership
Above & Beyond
Access to mental health programs or apps
Wellness programs
Learning and Development
Statutory
Not applicable
1% SDL contribution by employer
Competitive
E-learning platform access
Above & Beyond
L&D monthly budget
Salary Sacrifice & Other
Statutory
Not applicable
Competitive
Transport allowance
Discounts on technology
Nursery stipend
Above & Beyond
Housing stipend
Savings and Investment plans
Charitable giving
Stock options
Financial education or assistance
Food & Drink
Statutory
Not applicable
Competitive
In office snacks
Happy hours/socials
Above & Beyond
Meal allowance
Free breakfast/lunch
In office snacks and beverages
Weekly happy hours/socials
We’ve narrowed down how employee benefits affect:
- Tax reporting
- Employer tax
- Employee tax
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Tax Reporting
Employer Tax
Employee Tax
Tax Reporting
Employer Tax
Employee Tax
Tax Reporting
Employer Tax
Employee Tax