Top 5 employee benefits in 2024

Employee benefits have been gaining popularity in recent years on the Bulgarian labour market. Good Bulgarian and foreign companies rely on the genuine attitude towards their employees as well as their good health and happiness. Employee benefits are a way for employees to be motivated by something other than their salary and thus be more engaged in their work during working hours. 

Why is it important to provide employee benefits?

Work motivation is one of the positive factors that follow from providing employee benefits. This way, work productivity is higher and the atmosphere is better. Apart from motivation, employee benefits help reduce staff turnover, and attracts new talent. Companies that choose to invest in employee benefits gain loyalty, which has a direct correlation to the company’s subsequent performance. 

 

Top 5 employee benefits in 2024

In 2024, the most in-demand employee benefits still include supplemental health insurance, flextime, meal vouchers, sports cards, and retirement plans. 

Supplementary health insurance

Supplemental health insurance gives employees access to a wider range of medical services and specialists not covered by standard health insurance. This includes preventive check-ups, specialist consultations and treatments that can significantly improve staff health and well-being. When an employer provides its employees with the option of supplemental health insurance, it demonstrates concern for them, thereby increasing employee satisfaction and productivity.

Flexible working hours

Flexible working hours are particularly valued by younger employees in the Bulgarian labour market. It allows them to balance their personal and work commitments, giving employees the freedom and opportunity to take better care of themselves and reduce stress. Flexible working can include opportunities to work from home, flexible start and end times, or part-time working. 

Food vouchers

Food vouchers are again a means by which the employer shows his concern and the employee gains a truly useful benefit. Food vouchers are a popular and effective way to support employees by providing them with financial assistance to purchase groceries. They can be used in a variety of shops and supermarkets, making it easier to access healthy food and so workers save significant costs on food each month. 

Sports cards

Sports and fitness center cards are an important element of benefits that encourage active and healthy lifestyles among employees. Regular physical activity is key to maintaining good health and reducing stress, leading to higher productivity and fewer sick days. Employers who provide these cards are investing in the health of their employees and creating a healthier work environment.

Pension plans

Pension plans provide employees with additional security for the future. Employers who provide this type of benefit show a long-term commitment to staff well-being. Pension plans can include options to the universal pension fund as well as to voluntary supplementary pension insurance. These plans can include a variety of investment and savings options to suit each employee’s individual needs and goals. 

 

Where can we take out additional health insurance?

Supplementary health insurance can be taken out with various insurance companies and brokers who offer specialized health packages. Netins Insurance Brokers is one of the leading providers of such services, offering customized solutions to suit every company’s needs. With professional advisors and extensive experience in the insurance industry, we ensure that employees receive the best service and coverage. For more information and to request an appointment, visit our website or stop by one of our offices around the country. We look forward to hearing from you!