Investing in wellness dollars is a strategic move that can significantly impact employee engagement.
One often-overlooked tool in the dynamic landscape of employee benefits is the use of wellness dollars. These allocated funds, strategically dedicated for health and wellness expenses, serve as a unique avenue for employers to invest in the physical, mental, and overall well-being of their teams. And when your employees’ wellbeing is thriving – everyone benefits.
With the end of the year approaching, there's no better time to make sure they don't go to waste. Learn more about the benefits of maximizing wellness dollars and how you can make the most of your wellness dollars.
What are wellness dollars?
Wellness dollars are a valuable resource offered by many employers as part of their employee benefits packages. These insurance-provided funds are allocated specifically for wellness initiatives, ranging from gym memberships and fitness classes to nutrition and mental health services. The aim is to encourage employees to prioritize their well-being, ultimately leading to a healthier, more engaged workforce.
One key aspect of wellness dollars is the "use-it-or-lose-it" dilemma. Unlike traditional benefits that may roll over into the next year, wellness dollars typically do not carry over. This creates a sense of urgency, prompting employees to take advantage of these resources before they expire at the end of the year.
The benefits of wellness dollars
Investing in wellness dollars is not just about ticking a box on a benefits form – it's a strategic move that can significantly impact employee engagement. When employees feel that their employer cares about their well-being, the benefits are endless, including that they are more likely to be motivated, satisfied, and loyal. The following are a few of the many benefits of maximizing wellness dollars:
1. Improved morale
When employees know that their employer values their health and happiness, it can boost employee morale. Allocating wellness dollars sends a clear message to employees: their health and well-being matter. This tangible commitment from the employer fosters a sense of value and importance, contributing to a more positive and supportive workplace culture.
2. Reduced absenteeism
Wellness dollars utilized for preventative health measures can contribute to a healthier workforce, leading to a reduction in absenteeism due to illness. Healthy employees are more likely to be present and engaged, resulting in increased productivity and a more positive work environment.
3. Enhanced productivity
Healthy and engaged employees are generally more productive. Investing in wellness dollars is an investment in the productivity and efficiency of your workforce.
4. Increased sense of community
Investing in wellness programs that employees can participate in together, such as fitness challenges or wellness courses, creates a sense of community. Shared experiences and common goals contribute to a supportive work environment, where employees feel connected and motivated by their colleagues.
How to make the most of wellness dollars with FitOn Health
If you already know you have access to wellness dollars, great! The first step is to figure out if you have access to this resource, the next step is to explore programs you’re eligible for.
FitOn Health can help you optimize your wellness funds through your insurance carrier with thousands of workouts, meditations, and recipes. They can be put towards gym memberships, workout classes, health courses, and more. And if you’re already a FitOn Health customer, wellness dollars can be used for additional credits in bulk.
Utilize your wellness dollars with FitOn Health today - click here to get started!