Reducing Burnout with Wellness Stipends
Younger employees are driving a shift in workplace expectations, making wellness a priority and refusing to accept burnout as the norm in their professional life. They want benefits that support their physical, mental, and emotional well-being, and personalized stipends are rising to meet this demand. These stipends allow employees to choose what matters most to them—whether it’s fitness memberships, mental health apps, ergonomic office equipment, or healthy meal subscriptions—offering a flexible, modern solution that resonates across generations.
Driving Engagement
Unlike conventional fringe benefits, which often see low usage rates of just 3% to 5%, personalized stipends are designed to meet diverse employee needs, increasing relevance and participation. For example, employees who use a mix of in-person and digital wellness tools are twice as engaged as those relying on only one method. By offering flexible options that meet employees where they are, stipends create a more inclusive and supportive workplace, leading to higher satisfaction and stronger connections.
Attracting and Retaining Top Talent
The competition for talent is fierce, and personalized stipends provide a significant edge. With 82% of employees at risk for burnout, stipends demonstrate a company’s commitment to its employees. This modern approach helps retain top performers while positioning organizations as desirable places to work for high-caliber candidates. By embracing stipends, companies address evolving employee expectations and strengthen their ability to build and maintain a thriving team.