Investing in employee well-being is no longer a luxury, it’s a necessity. With rising healthcare costs and increasing demands for employee engagement, corporate wellness programs have become a critical strategy for HR professionals and business leaders. However, how much do workplace wellness programs cost, and what factors influence pricing? The truth is, corporate wellness programs’ Read more…
Is PTO considered a benefit? Absolutely! Paid time off (PTO) is one of the most valuable yet underutilized wellness benefits that companies can offer. While many employers invest in wellness programs to boost engagement and retention, the costs of implementing incentives like gym memberships, wellness stipends, or bonuses can add up quickly. The benefits of Read more…
Understanding the tax implications of wellness program incentives is crucial for employers aiming to maintain compliance and optimize the benefits of such programs for employers. Not all wellness incentives are tax-free; some may be considered taxable income to employees, leading to potential compliance issues if not properly managed. This blog provides an overview of taxable Read more…
As the weather warms up and the days get longer, it’s the perfect time to spring into better health and wellness by refreshing your corporate wellness program. Research shows that seasonal changes can have a positive impact on mental and physical health, making spring an ideal time to introduce new wellness initiatives. A Spring into Read more…
Finding the right employees can be challenging, but keeping them engaged and loyal can be even tougher. With high turnover rates affecting businesses across industries, worker retention is a priority for many organizations. A 2023 study by the Society for Human Resource Management (SHRM) found that replacing an employee can cost up to 6-9 months Read more…
