What employee benefits do you get?

[Sinbad]

Private medical cover for me (I have to pay for my wife)
Match my pension contributions up to 8% of gross
Group life cover, 4x annual salary
Various support type plans for mental health, counselling etc (think ICAS)
Online training (linked in learning, cbtnuggets and udemy)

Also an iphone with vodafone contract but I haven't turned that PoS on in ages

 

[Mike Hoxbig]

Also an iphone with vodafone contract but I haven't turned that PoS on in ages

He said benefits...

 

[hawker]

None because its all coming out of my standard CTC. I even have to pay for flipping parking at work.

 

[richjdavies]

This TCTC thing is a very SA way of doing it. In the UK I always got on top of advertised salary:
- BUPA (private medical, but only worth c 600/yr and you get taxed like you earned it)
- pension normally matched by employer up to 5%
- sometimes "car" allowance which I always took as cash (there are tax advantages to taking an electric car for now)
-group life (tax free upto 4x salary)
- sometimes share schemes, travel loans, training loans etc but never took them up.
- bonuses - 10-20%

 

[Neuk_]

Only car insurance technically since everything comes out of my TCTC and is only structured for tax purposes.

I forgot about the R300 towards my cellphone contract.

 

[Archer]

Previous job 40 days leave, flex hours, shares, ±R20k per year training budget, an additional year of paid sick leave @ 80% salary
Next one 40 days leave, flex hours, 38 hour work week. Perhaps bonus scheme next year
The rest is fluff that I consider part of my CTC. Whether you pay me more and I pay for the fluff, or you pay me less and you pay for the fluff is irrelevant, CTC is what matters

 

[Alton Turner Blackwood]

Fok0l. Actually I was offered a cellphone allowance, but I declined because they wanted me to send my itemised billing to them every month and that's bull!

Not sure you can call WFH a benefit.

 

[Crowley]

A salary.

a Salary.

 

[Herr der Verboten]

View attachment 1163456

2/10

 

[TofuMofu]

Disability
Medical Aid
Life Cover
Funeral Fund
Pension Fund
Salary

Also get fibre perk, but the complex I live in doesn't have open access fibre, so I can't use that perk

 

[diapason]

No longer employed but fortunate to have a retiree's medical aid subsidy. It's pegged at half of Discovery Coastal Saver but can be applied to any Discovery plan so my Classic Smart costs me R688pm. I believe they have now scrapped that for their new hires.

 

[randomcat]

Benefits?

 

[DarkWarrior]

Say what? Vehicle and house subsidies were nuked by SARS a long time ago.

Medical aid is also basically a 50/50 swap with SARS.

I meant you get better interest rates in general for your bond and Vehicle finance.

 

[Claymore]

Reduced bond/finance rates.
Lower bank charges.
20/20 fibre line, inverter, router
A bunch of other things too, forget what.

Golden handcuffs.

 

[PaulMurkin]

Nothing.
Get paid for doing my job. There are just mandatory deductions on the payslip.
Gonna change next year though, so let's see

 

[Sinbad]

Reduced bond/finance rates.
Lower bank charges.
20/20 fibre line, inverter, router
A bunch of other things too, forget what.

Golden handcuffs.

Ah skynext?

 

[Pineapple Smurf]

Provident Fund

 

[Tman543]

Can OP define benefits as I see most indicates anything that is not included in the CTC.

So assuming that's the definition

I get a business cellphone (contract), that's it

Medical, car insurance, pension is all mandatory and falls part of the CTC. There was no free coffee and tea, and no free parking when we were still fulltime in the office.

 

[Aghori]

75% of all profit made. Tax is a killer though....

 

[Cius]

At a bank you get the legal Fringe Benefit Rate (FBT) rate for primary home and car, which is prime -2.5. That is probably the biggest one.
On top of that I get staff rates on my share trading account (one third the fee), nothing special for normal banking as they scrapped staff rates a while back for general banking.
I do get a work phone, but that is for work, not really a benefit for me
There is talk about subsidized internet for those of us that will work from home part time going forwards but nothing concrete has materialized yet.
There is a decent staff bursary program that I used to finish my masters part time and was worth a bit. Various smaller stuff like counseling, etc. Medical aid is paid off your payslip so no significant benefit there. Some life cover, disability etc buy you pay for that too and the rate is higher than what I got from PPS, so I would never call it a benefit actually. One bank I know of has a subsidized cafeteria which is nice but that is not the norm.

Some of the cooler "benefits" I have heard of in other companies:
Free internet for some ISP workers (this was overseas, not sure if SA does this)
Free flights anywhere SAA goes provided the aircraft is not booked full (ex SAA employee)
A SA based tech company that every 5 I think it is gives a bonus that is guaranteed over and above normal bonus's and has to be used to travel.