Employee Financial Assistance in Iraq
MantraCare – Iraq’s top employee assistance platform offering financial wellness, legal assistance, employee well-being & more
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What is Financial Assistance for employees?
Financial Assistance for employees in Iraq refers to a program provided by employers to address the financial concerns of their employees or their family members. It involves offering consultations and guidance to employees regarding their financial well-being. These consultations may cover topics such as budgeting, managing debts, savings, investment options, tax planning, and other relevant financial matters.
The aim is to empower employees with knowledge and resources to make informed financial decisions, improve their financial literacy, and alleviate any financial stress they may be facing. By providing such assistance, employers strive 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, Iraq
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 Iraq, 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 Iraq
MantraCare has been offering financial assistance plans to companies in Iraq for the past 10 years. We have presence in all key locations in Iraq including Baghdad, Mosul, Basra, Erbil, Abu Ghurayb, Kirkuk.