Old Mutual offers various benefits to its employees as outlined below:
Life and Health Benefits
Staff Medical Aid
Old Mutual staff have access to a subsidised medical aid scheme administered by Lethimvula Healthcare. Employees can choose from a range of options from basic hospital cover to a comprehensive plan.
Life Assurance
Old Mutual offers employees Life Assurance that provides both death and disability cover.
Staff Retirement Fund
Old Mutual staff enjoy membership of the Old Mutual Retirement Fund. Staff have flexible options in terms of the extent to which they contribute to the Fund within certain parameters.
Annual Leave
Old Mutual’s annual leave can be structured by the individual to meet their personal needs. Annual Leave is 22 days with the flexibility of either reducing or increasing leave between 17 and 27 days through adjusting your package. In terms of other types of leave, employees also qualify for sick leave and family responsibility leave, which are more generous than stipulated by the Basic Conditions of Employment Act.
Maternity Benefits
Women with at least one year’s service may apply for up to six months partly paid maternity leave.
Employee Wellbeing
Old Mutual also has an excellent preventive health and birth control programmes offering access to a comprehensive programme that strives to offer employees across the board access to the tools and support they need to lead rewarding and fulfilling lives.
The programme provides access to confidential professional counseling on a range of issues such as:
- Marital or family distress.
- Emotional difficulties.
- Alcohol and drug abuse.
- Difficulties with a child.
- Stress overload
- HIV status
Confidentially is guaranteed. This service is also extended to family members.
The Gym/ Sports and other Facilities
Old Mutual staff have access to the MutualPark (HO is in Johannesburg) gym that is affiliated with the Sports Science Institute. The gym is fully equipped with state-of-the-art equipment and includes a heated training pool and various classes. On site professional training and nutrition advice and sports therapists are also available.
Old Mutual also has comprehensive sport facilities.
These include:
- Squash courts.
- Hockey fields.
- Tennis courts
- Soccer fields.
There is a crèche and play school at the Cape Town office called the GreenSchool.
There is a shopping mall with restaurants, supermarket, hairdresser, shops and a post office
Financial Benefits
As a global financial services provider and investment company we are able to offer our employees additional financial benefits:
Flexible Remuneration Structures
Old Mutual offers competitive, market-related salaries and a flexible remuneration package and incentive structure. This enables employees to tailor their salaries and bonuses to suit their specific financial and other requirements.
Staff Share Scheme
Old Mutual believes that ownership promotes accountability. For this reason we have a generous staff share scheme with particular emphasis on attracting and retaining quality managers.
Study Benefits
Because we understand that people's needs change as their careers develop, we offer attractive training and study opportunities within Old Mutual.
Through the Old Mutual Business School we have developed a selection of career-paths and related courses. These have been tailored to address current business challenges such as change leadership and diversity, while recognising the need for personal development.
Talented managers are supported through study loans for qualifications such as Business Administration (MBA) and Management, conducted in collaboration with UCT’s Graduate School of Business.