At Wellhub, we’ve found that the more comprehensive our benefits offerings are and the more we have executive buy-in, the higher our ROI.
Well-being programs are a negotiable part of the modern workplace, as 95% of companies tracking the ROI of their wellness programs have positive results, up from 90% in 2023, according to a new report. There is no room for this, and employers are seeing the results. Study from Wellhub.
The corporate wellness platform (recently rebranded from Gympass) surveyed more than 2,000 HR and executive-level executives across nine countries at companies with well-being programs in place for its second Wellbeing Profitability Study. We conducted a survey targeting leaders.
According to this research, the most successful programs in terms of employee participation and engagement are holistic and must be adopted by organizational leaders.
Wellhub found that companies with four or more comprehensive benefits programs and high employee engagement rates are more likely to see a higher ROI. 24% of companies with comprehensive employee benefits initiatives achieve an ROI of 150% or more and reap significant profits. Companies that offered two or fewer support programs (e.g., mental health or fitness only) had returns between 0% and 50%.
It’s also essential for company leadership to be involved in benefits initiatives to encourage participation across the workforce. According to Wellhub research, if 0-10% of executives participate in a benefits program, the average participation rate of staff is 31%. However, participation from 90-100% of executives has been shown to have a significant impact on employee engagement (92%).
A new Wellhub survey of HR leaders in the US, UK, Brazil, Argentina, Chile, Spain, Italy, Germany and Mexico shows that offering a corporate wellness program is mutually beneficial for employers and employees. It shows that.
According to 99% of HR leaders surveyed by Wellhub, investing in employee benefits increases employee productivity, and 91% say their health benefit costs have decreased as a result of their benefits programs. , up from 78% in 2023.
Wellness-focused programs are also contributing to lower employee turnover, with 98% of respondents saying these initiatives have led to fewer sick days taken by employees, and 89% saying they’ve increased their sick leave by 4% over last year. did.
changing landscape
As Cesar Carvalho, co-founder and CEO of Wellhub, points out, it wasn’t that long ago that companies considered wellness to be an “extra benefit.”
“If an employee wanted to take a yoga class or go to the gym, that was fine, but it wasn’t considered an important part of the business,” Carvalho said. He said while looking back.
In the post-pandemic landscape, the enthusiasm for health and wellness has permeated every area of life, not just in the gym, but at home, on vacation, and at work.
“It is now clear that simply offering a few point solutions will not work,” he added. “Being a wellness company means creating a work environment where employees feel supported in managing their overall health and providing resources to do so.” Nearly two-thirds of HR leaders say reported a $2 return for every $1 invested in employee benefits, an eye-opening example of how this investment can benefit both employees and employers. These are the results of the survey.
Wellhub embraces your whole health
Wellhub has embarked on a mission to “make every company a wellness company,” with 77% of companies using Wellhub having an overall report an ROI of over 100%. The company also found that 52% of employers using Wellhub see a significant increase in employee productivity, compared to 45% of companies not using Wellhub. did.
The company was recently valued at $2.4 billion, has grown to a network of more than 55,000 partner brands, and provides more than 2 million employees with access to gym memberships, boutique fitness classes, and wellness services such as nutrition, sleep, and meditation. provides access to
“Our subscription prices are up to 50% below market prices, offering affordable prices without compromising quality or selection,” Carvalho said last month. “The results for companies are increased productivity, increased retention rates, and reduced healthcare costs.”
Employees have access to several mindfulness options through Wellhub’s mental wellness partners Headspace, Meditopia, Asana Rebel and CorePower Yoga, and a new category connects members with qualified therapists.
Wellhub reports that employee usage of mental health apps is up 74% from last year’s survey results.
Nutritional services are available through registered dietitians and nutritionists through Lifesum, MyFitnessPal, Nutrium, and StrongerU. Wellhub also expanded its sleep app options with Rise Science, SleepCycle, and SleepScore, and added a new women’s health category with her Clue period tracking app. Wellness coaching is also available as one-on-one private support.
The corporate wellness platform has also expanded its fitness category, adding Barry’s, Orange Theory Fitness, SoulCycle, Les Mills, Life Time, and Apple Fitness+, in addition to Xponential Fitness’ top brands such as Pure Barre, Club Pilates, and Rumble.
In the second half of this year, Wellhub will be launching an engaging challenge to help employers create gamified group contests for their employees.
Read the full Wellhub Return on Wellbeing study here.
