What are wellness dollars?
A lot of companies aren’t aware of what wellness dollars are and may push off making plans for using them.
Wellness dollars are the funds set aside by your insurance carrier for you to utilize in your company wellness programs. These dollars can help improve the scope of your corporate wellness initiatives and help your employees become healthier. Unfortunately, this ‘free’ money also has a time limit set by most carriers.
To learn more about wellness dollars, you can go to our previous article for a detailed explanation.
Why are wellness dollars available?
Wellness dollars kill two birds with one stone. For your company, it gives you a chance to improve the health and wellbeing of your employees. Organizations with highly effective health and productivity programs report 11% higher revenue per employee, 1.8 fewer days absent per employee per year, and 28% greater shareholder returns. And as for insurance carriers, it helps in improving their bottom line.
Therefore, don’t be afraid to ask for those well-deserved and much-needed bucks!
How can you spend your wellness dollars?
If you have your wellness funds ready, you can partner with a wellness provider that will create a holistic and robust wellness program for your team. But first, you need to identify what you want to accomplish through your wellness activities. What’s your goal? Do you want to inculcate a feel-good effect for your employees? Do you want to improve your corporate brand? Do you want to improve the health of your employees?
The most important thing to consider before spending your wellness funds is what activities resonate with your employees the most. Goomi Group has some ideas for you to best utilize your wellness dollars.
- Wellness Week:
Allowing your employees to take part in a week (or even a day) full of wellness activities to promote the health and wellbeing of your employees. You can incorporate many wellness activities in your wellness week such as cooking demonstrations, educational seminars, onsite massages, yoga or meditation, cardio fitness classes like pilates or bootcamp, and much more! Wellness activities can have a lasting impact on the mental and physical wellbeing of your employees and helps to elevate your corporate image. Goomi can host virtual or onsite wellness weeks for your employees.
- Experiential perks:
Use your wellness dollars to buy group classes or team building classes for your employees. Such activities can help you improve your employees’ social and career wellbeing.
- Fitness and Nutrition Seminars:
Bring in an expert to address all the nutritional or fitness-related queries that your employees may have. Seminars give employees a setting to understand more about their own health and habits that can go a long way.
- Gamify Your Employees’ Health:
Start keeping track of how many activities your employees take part in and keep score. Give health tech prizes to the people who participated the most in your organized wellness activities. It will definitely lead to more participation in all events.
- Host a Virtual Wellness Fair:
It’s challenging to keep up your employees’ morale while working remotely. If you want to connect with your employees outside daily meetings, you can organize virtual health fairs where you can introduce various benefits options for them. It helps in keeping employees engaged.
- Give Your Employees Gym Memberships:
Sure, you may not be able to track the health growth of employees if they opt for a gym membership but it’s a great way to give wellness to the people who want to work out alone.
Every organization is different, how exactly you spend your wellness dollars is up to you. You may want to get dance lessons for your employees or maybe a cooking demonstration for better nutrition. We can’t tell you how to spend your funds. However, what we can assure you that Goomi Group is a one-stop shop for all your wellness class needs. Your wellness is our priority. On-site? Online? Goomi can be there, wherever and whenever your team meets. You name it, we have it – from Meditation and Cooking Classes, to Yoga, HIIT and Massage. Have a special request? Call us and we’ll make it happen!
