When it comes to attracting top talent, a good health benefits package is one of the biggest weapons in any company’s arsenal.
It makes sense too. Healthcare costs around the globe are rising, often outstripping GDP growth.
When an employee doesn’t have to worry so much about those costs, they’re able to focus better on their jobs.
In South Africa, it’s even more imperative, given that private healthcare costs rose nearly 300% between 2002 and 2014.
So, which South African companies go the extra mile when it comes to employee health benefits?
Old Mutual is one of South Africa’s most venerable companies. Established in 1845, the company also regularly tops “best places to work” lists.
When it comes to health benefits, Old Mutual staff have access to subsidised medical aid, as well as preventive health and birth control programmes, and counselling on a range of issues such as:
- Marital or family distress
- Emotional difficulties
- Alcohol and drug abuse
- Difficulties with a child
- Stress overload
- HIV status
Employees at its Cape Town and Johannesburg offices all have access to an on-site gym, heated pool, sports facilities, nutritionists, and sports therapists.
Owned by internet and media giant Naspers, Multichoice services millions of pay TV subscribers across the African continent.
Doing that effectively requires a healthy and productive staff. Small wonder then that it’s invested heavily in employee health and wellness.
Alongside medical aid, underwritten by Discovery, employees get life and disability cover for both themselves and their spouse, discounted gym membership, access to a full medical suite including doctor, nurse, optometrist, and dentist, two wellness days a year, free flu vaccines, and early development subsidies for children.
Executives above a certain level also gets free executive medical care including access to screening, pathology, life coaching, and dieticians.
Although Investec is legally British, it was founded in Johannesburg and is considered a major success story in the South African banking sector.
When it comes to the health of its employees, Investec takes a more personalised approach than most companies.
Alongside the usual benefits, Investec employees have access to several annual sessions with specialists, including dieticians and psychologists.
The company also hosts wellness days for staff to raise awareness and education around health issues.
Discovery’s rise in the insurance and medical aid spaces has been nothing short of meteoric. Founded in 1992, today it is a multibillion rand company with subsidiaries in the United Kingdom, the United States, China, Singapore, and Australia.
Given that a fair portion of its revenues come from helping other companies out with employee health and wellness benefits, it would be surprising if it didn’t look after its own staff in the same way.
As is the case with its insurance products, Discovery’s employee health and wellness programme (called BeWell) focuses on encouraging staff to make healthy choices.
The programme gives equal status to physical, nutritional, emotional and financial wellbeing. Alongside wellness days, Discovery therefore gives its staff access to fitness challenges, to financial planners, assistance with managing finances, help with tax submissions and a 24/7 counselling service.
At its Sandton campus, its Wellness Centre provides access to a doctor, optometrist, chiropractor, and dietitian on site.
South African internet service provider Cybersmart is a fraction of the size of some of the JSE-listed companies on this list, but that doesn’t mean it can’t do good things for its staff.
Among the healthcare benefits Cybersmart employees enjoy a free company doctor. Additional wellness benefits include a home-cooked meal on Fridays and discounted swimming lessons from Cybersmart Aquatics.
Derivco is a major player in the online gaming space with offices in cities around the globe. It’s also the dev house that every developer wants to work for.
And because we’re long past the stage where people think that means offering unlimited cheesy crisps and sodas, it has some pretty cool healthcare benefits.
These include, but are not limited to, insurance and an on-site gym equipped with personal trainers, biokineticists, and chiropractors.
Established in 1994, Vodacom is South Africa’s oldest cellular network, employing nearly 8000 people.
Those employees enjoy a wide range of benefits, with the healthcare package being particularly enticing.
In terms of medical aid, employees have the option to either belong to the company approved schemes or their own preferred option.
Mothers also get 16 weeks paid maternity/adoption leave and full pay for a set number of 30 hour weeks on their return.
Employees at its corporate offices can access an on-site wellness centre which has a GP, optometrist, dentist, chiropractor, and a fitness coach.
Do you work for a company with great healthcare benefits? Let us know in the comments section below.