Lifestyle Benefits

What are the common types of lifestyle benefits offered by employers? 

Lifestyle benefits are non-financial perks that enhance employees' overall well-being and quality of life. Some common types include: 

• Health and wellness programs: Gym memberships, fitness classes, health screenings, on-site wellness clinics, nutrition consultations, smoking cessation programs, and stress management workshops. 

• ‍Work-life balance initiatives: Flexible work arrangements, remote work options, compressed workweeks, child care assistance, eldercare programs, and paid time off. 

• ‍Financial wellness programs: Financial planning workshops, debt management resources, student loan repayment assistance, retirement savings plans, and company discounts on various services and products. 

• ‍Professional development opportunities: Tuition reimbursement programs, training courses, workshops, conferences, leadership development programs, and language learning resources. 

• ‍Social and recreational activities: Company outings, team-building events, social clubs, volunteering opportunities, on-site game rooms, and discounts on entertainment and cultural experiences. 

• ‍Employee assistance programs: Confidential counseling services for mental health, substance abuse, legal matters, and personal issues. 

• ‍Concierge services: Errand running, dry cleaning, grocery delivery, pet care, and other services that simplify everyday tasks. 

Why are lifestyle benefits important? 

Lifestyle benefits help organizations address the evolving needs of today's workforce. Employees increasingly value companies that support their holistic wellbeing. Offering lifestyle benefits leads to: 

• Higher employee satisfaction and engagement. 

• Improved physical, mental, and financial wellness. 

• Increased retention and loyalty. 

• Enhanced employer brand and competitive advantage. 

• Reduced absenteeism and burnout. 

• More inclusive workplaces that support diverse employee needs. 

By investing in employee lifestyle benefits, HR leaders can build a more motivated, productive, and loyal workforce. 

Where do lifestyle benefits fit in employee wellness? 

Lifestyle benefits sit at the intersection of employee wellbeing, engagement, and total rewards. While health insurance covers basic healthcare needs, lifestyle benefits address broader aspects of wellbeing such as: 

• Fitness memberships 

• Meditation or mental health apps 

• Meal allowances 

• Fuel and commuting support 

• Financial education and planning 

• Learning and upskilling platforms 

• Family care services 

With Empuls, these diverse offerings are administered through centralized platforms like Lifestyle Spending Accounts (LSAs), tax-free allowances, or multi-benefit cards, simplifying management for HR teams and offering flexibility to employees.