Wellness programs are critical for benefits packages
Where would we be without stress relief in these trying times? That’s a question employees ask themselves who work for companies that have wellness programs.
Several striking statistics clearly show how stressed out we are now. Fifty-three percent of people suffer from depression or anxiety from the pandemic, according to the Kaiser Foundation. A Limeade survey said that about 70 percent of people have reported feeling burned out. The American Physiological Association conducted a survey where recipients said they had an average weight gain of 29 pounds, consumed more alcohol to deal with stress, and used vaping and smoking to cope.
That is where employee wellness programs come in. Wellness programs promote a healthy behavior, whether you’re looking to work out, lose weight, learn to cook, eat nutritionally, and more.
Reduced health costs
Long-term, well-designed wellness programs are great investments for companies. Harvard University researchers looked at whether wellness programs had a return on investment. They found that the average return on investment was $3.27 in reduced healthcare costs for every dollar spent by an employer.
Employee productivity increases
If you want your employees to take fewer sick days and suffer fewer injuries, then a wellness program is for them. A wellness program helps increase employee productivity, with employees feeling more energetic.
Recruiting and retention
Do you want a motivated staff? Is it essential to look good in front of the top talent you’re recruiting? A wellness program could be the answer. Nine in 10 workers said they are more motivated if an employer offers wellness initiatives, while about 60 percent of employees were more satisfied with their job, according to SHRM.
Lifestyle Spending Accounts are a good fit
Edenred offers a solution called Lifestyle Spending Accounts. This solution features a diverse set of options for your team that can be customized to your specific situation, including whether you have a hybrid staff, are bringing everyone back to the office, or have another setup.
You can pick the programs that are best for your employees. Some of those include:
- Stress reduction
- Quitting smoking
- Weight loss
- And more
While Lifestyle Spending Accounts are outstanding for employees, they are also easy to manage for your company. You can customize the program based on you and your employees wants and needs. Your manager will also have complete control over the program, and that includes costs. If you’re looking to support and care for your employees, then Lifestyle Spending Account would be the best option. Book a meeting with us so we can help you get started.