"Workplace wellness programs have exploded over the past decade or so, with companies rolling out a suite of subsidized perks, such as gym discounts, mental health apps, and other benefits aimed at attracting and retaining workers. The pandemic upped the ante even more - in the face of a tight labor market and a hyper-stressed workforce, plenty of business leaders looked around and thought, "Well, a Zoom meditation session can't hurt, right?""
"Now, the ground is shifting. Corporations aren't cutting their wellness programs altogether, but they are taking a hard look at what they're paying for. They're cutting excessive, underutilized benefits, scrutinizing ROI, and shifting to more cost-effective, targeted products. They're trying to support employee well-being amid economic uncertainty and rising healthcare costs - without breaking the company piggybank. Your job still wants to help you out with the gym, but it would rather you hit up Planet Fitness than Equinox."
Corporate wellness programs expanded over the past decade, offering gym discounts, mental-health apps, and other subsidized perks to attract and retain workers. The pandemic accelerated investment in low-cost well-being supports as firms faced a tight labor market and a stressed workforce. Rising healthcare costs and economic uncertainty have prompted companies to reassess benefits, cut excessive or underutilized offerings, and demand clearer ROI. Employers are shifting toward cost-effective, targeted products and steering employees to cheaper vendors. The goal is to maintain employee well-being support without jeopardizing budgets or provoking layoffs.
Read at Business Insider
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