Rewarding hardworking employees is an important part of showing that they are acknowledged and appreciated. Many companies acknowledge their staff performance with once-off cash incentives or gifts, however there are more meaningful ways to reward employees and help create sustainable employer-employee relations. One of the best ways to do that is through employee benefits.

While there are mandatory contributions to government-controlled benefits, South African employers are not required to offer a full range of employee benefits despite the numerous advantages of doing so. A solid employee benefits package can help to attract and retain talent. Benefits can help you differentiate your business from competitors. Over and above the benefit to the company, this reward can be life-changing to individuals who might otherwise lack financial safety should the unexpected happen. Employee benefits improve employee productivity – keep your best employees happy and they are sure to remain loyal and work hard.

Want to motivate, reward and develop your employees?

Let us guide you by understanding the benefits offered and the value it could add for you and your employees. Some of the enhanced benefits include funeral cover based on a R40,000 sliding scale, and death benefits based on a multiple of 5 times annual pensionable salary. Our enhanced benefits also consists of a disability benefit amounting to 75% of monthly salary if a fund member is deemed to be disabled.

Master Builders KwaZulu-Natal are the administrators of the KwaZulu-Natal Retirement and Provident Funds. The benefits contained in the funds are highly competitive and have been recently enhanced at NO ADDITIONAL COST.

Call us on 031 831 3217 or email benefits@masterbuilders.co.za to find out more about our highly competitive offerings. We look forward to assisting you.

Vishane Pramrajh | Employee Benefits Manager