Employee Financial Assistance in Israel
MantraCare – Israel’s top employee assistance platform offering financial wellness, legal assistance, employee well-being & more
Want to Launch Financial Assistance?
What is Financial Assistance for employees?
Financial Assistance for employees in Israel refers to a program implemented by employers to address the financial worries of their employees or their family members. It involves providing consultations and guidance to employees concerning their financial concerns.
These consultations may cover topics such as budgeting, debt management, investment options, tax planning, and other relevant financial matters. The purpose is to assist employees in improving their financial well-being and alleviating any financial stress they may be facing. By offering such assistance, employers aim to enhance the financial stability and overall satisfaction of their workforce.
Benefits of Financial Wellness Programs
- Increased Productivity
Employees exhibit reduced distractions & enhanced capacity to maintain focus on organizational goals.
- Increased Productivity
- Decreased HR Costs
There is a decrease in garnishments, fewer requests for pay advances, and reduced reliance on assistance programs among employees.
- Decreased HR Costs
- Decreased Theft
Instances of theft, driven by desperate circumstances rather than malicious intent, such as borrowing money to cover expenses
- Decreased Theft
- Decreased stress related illnesses and absenteeism
including issues related to substance abuse, accidents, & a higher frequency of tardiness among employees.
- Decreased stress related illnesses and absenteeism
- Increased ability to communicate & cooperate,
heightened ability to receive and follow instructions from supervisors.
- Increased ability to communicate & cooperate,
Get Comprehensive Financial Assistance at MantraCare, Israel
1. Bankruptcy
Helps employees navigate financial difficulties and develop strategies to avoid bankruptcy.
2. Budgeting
Helps employees create & manage budgets to effectively track & control their spending
3. Retirement Planning
Comprehensive retirement planning , create a roadmap to secure financial future
4. Major life event plan
Financial advice & planning for significant life events such as weddings, adoptions, & divorces.
5. Debt Management
Aids in lowering interest rates & consolidating debt, providing strategies to regain finance control
6. Fund Planning
Assists in developing customized plans to save for events such as child education, buying home, etc.
Live Reporting of your Employee's Financial Prudence
At MantraCare Israel, we provide live reporting on your employees’ financial stability and how they are benefiting from financial assistance. Our comprehensive tracking system allows us to:
- Monitor their financial milestones, such as debt reduction, savings growth, and improved credit scores.
- Regularly assess their progress and provide personalized feedback and guidance to ensure they are on track toward their financial goals.
- We empower our employees to see tangible results, ultimately fostering a sense of financial well-being and motivation within your workforce.
Global Reach
MantraCare has its presence in major cities in Israel
MantraCare has been offering financial assistance plans to companies in Israel for the past 10 years. We have presence in all key locations in Israel including Jerusalem, Tel Aviv, Haifa, Petah Tiqwa, Ashdod, Netanya, Rishon LeZiyyon, Bnei Brak, Holon, Beersheba.
