Wellbeing Allowance
What is a Wellbeing Allowance?
A wellbeing allowance supports employees in maintaining their health and wellbeing by funding services such as gym memberships, yoga classes, meditation app subscriptions, or mental health counselling. Unlike traditional healthcare benefits, this proactive approach allows employees to select wellness initiatives that best align with their personal needs and lifestyles. Some employers also include reimbursement options for holistic therapies or ergonomic equipment to promote long-term physical and mental wellbeing.
Benefits to Employer
A wellbeing allowance can lower healthcare premiums by reducing claims for preventable conditions through subsidised gym access or mental health apps. Employers mitigate productivity losses from chronic stress or illness, with healthier teams showing higher focus and fewer sick days. Proactive wellness support also reduces presenteeism, where employees work while unproductive due to untreated issues.
Benefits to Employee
Investing in wellbeing resources addresses physical and mental wellness proactively. Employees feel supported in managing their health, including addressing stress or chronic conditions before they escalate. This benefit underscores that employees’ worth extends beyond productivity.
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Ben is easily the most engaged initiative we’ve ever had. It gets everything to everyone in different locations, and I can’t even tell you how much time it’s saved us.
