•  

rss
Wellbeing Blog



October 13, 2016

How to Spend your Wellness Funds in a Hurry

Time flies when you’re having fun!  It is not uncommon for employers to come to the end of a plan year and realize they suddenly need to spend carrier wellness funds before they expire. Before you waste money on things that won’t help improve your population’s health status or boost morale, take a breather and consider the following. Identify what you want to accomplish with your purchase. Is your goal to produce a “feel good” effect, increase onsite wellbeing resources, or motivate employees to improve their own personal health? The most important thing is to consider what would resonate with your population. Here are a few ways to spend wellness funds before they run out.

Wellness Week

There are few things that reinforce organizational commitment to wellbeing more than a company sponsored wellness week. Allowing employees to partake in a week (or even one day) full of activities promoting wellbeing is an easy way to spend your funds. An onsite chair massage, healthy catered lunch, fresh fruit delivery, cooking demonstration, onsite fitness classes, onsite farmer’s market, motivational presentation or an outdoor field day are just a few ideas you could incorporate into a wellness week. Consider combining this with an employee appreciation week and follow it up with having managers recognize their staff personally for their efforts through public recognition or a kind note of praise. This can have a lasting impact and sends a greater message of value to individuals. When planning activities focus on your population’s interests and get creative with including employees in the planning process.

Experiential Perks

Another increasingly popular way to spend wellness funds is to offer experiential gifts that allow for employees to learn and grow together and feel uniquely cared for. Research confirms that spending money on experiences produces a more positive effect than purchasing tangible items. Using your funds to buy a group challenge, sporting event tickets or other team building activities can demonstrate appreciation and improve social and career wellbeing. This could also be done in the form of raffle where experiential gifts are prizes.

Fitness and Nutrition Prizes

Put your funds to work by raffling off items such as a high-quality blender or activity device in exchange for participation in a wellbeing interest survey, volunteer hours or participation in a 5k.  Purchase items to enhance the built environment of your workplace such as free weights and yoga mats for a designated exercise break room, desk pedals or stability balls for desk-bound employees, or a Vitamix for shared kitchen. Purchase healthy treats for everyone prior to the holidays, including a recipe, to show your appreciation and support of your employees.

When you’re faced with a last minute decision, you can still exercise intentional spending to maximize your wellness funds. There are so many ways to promote wellbeing! The first step is identifying what your population would most appreciate given the current cultural environment. Filter your purchasing decisions through a wellbeing lens and attempt to address each of the wellbeing domains: Career, Financial, Social, Physical and Community. For more information on Shifting Gears from Wellness to Wellbeing click here.


blog comments powered by Disqus



Live Blog Widget

Recent Posts

  • CBIZ Engagement & Wellbeing Consultants Earn Thriving Workplace Culture Certificate Posted 3 months ago
    CBIZ, Inc. is proud to announce that all consulting professionals in its CBIZ Engagement and Wellbeing Consulting practice have earned the Thriving Workplace Culture Certificate (TWCC) from Salveo Partners. The certification will further CBIZ’s mission of helping clients create healthy and happy workplace cultures that support their people and produce positive organizational outcomes.“Our firm's wellbeing consultants are equipped with a diverse and unique set of skills,” said Emily Noll, National Director of CBIZ Engagement and Wellbeing Consulting, a benefits consulting agency. “We’ve cultivated a strong, multifaceted team with direct experience in a number of wellness disciplines, including mental health, public health, nutrition, mindfulness, leadership coaching and more. The TWCC training, with an emphasis on employee experience, ethical wellness practice, and workplace culture, adds another layer of specialization and a wider range of tools to serve our clients.”CBIZ Engagement and Wellbeing Consulting is a component to the company’s robust employee benefits offerings and provides customized strategies that help employers design a thriving culture with healthy and engaged employees. Beginning in 2019, the group pursued the TWCC designation as a complement ...
  • Optimize Your Wellbeing Dollars to Take Care of Employees Posted 6 months ago
    In partnership with their clients, medical carriers often allocate funds or credits specifically for wellbeing initiatives and health communications that employers spend over the course of each year. Rules vary from carrier to carrier, but normally there is a pre-approval process for use of the money and a requirement to spend down the funds before the end of the plan year. Due to the pandemic, employers may need to rethink how and when to utilize their wellbeing dollars in 2020, as well as inquire about potential contingency plans in the event you cannot spend the money before the offer expires. Employers typically utilize their wellbeing funds for activities such as onsite classes, wellbeing challenges, screenings and health fairs. Another common use of such funds is to provide employees with incentives for participating in wellbeing program activities; rewards range from fitness tracking devices to gift cards to premium discounts. During this unique time, however, seize the opportunity to think outside the box in order to optimize wellbeing dollars to support employees’ wellbeing and reduce stress. This may include adjusting or eliminating the ...
  • Next Practices in Workplace Wellbeing Consulting Posted last year
      We are excited to announce the next evolution of our wellbeing practice!  We have re-branded CBIZ Wellbeing Solutions to CBIZ Engagement & Wellbeing Consulting. This change reflects the importance of the broader impact of workplace culture on employee health. We believe our knowledge and expanded services in this area will help clients’ assess and improve both organizational health and employee wellbeing. A thriving workplace culture is essential to employee health and positive organizational outcomes.  National Practice Director, Emily Noll, shares that “research affirms that no wellbeing program, however well-designed, will work in a fragile or resistant workplace culture with low employee engagement.”   The link between employee engagement and wellbeing is clear.  For example:  Employees with strong overall wellbeing are 6 times more likely to be more engaged compared to those with low wellbeing, and 32% more likely to stay with a company (Gallup). Teams who score in the top 20% in engagement realize a 41% reduction in absenteeism and 59% less turnover (Gallup), while disengaged employees costs U.S. Business up to $550 billion a year (The Engagement Institute). In organizations where employees ...
  • Health Fair Planning 101: Host an event employees will love Posted last year
    Health fairs have been a staple of many benefits and wellbeing programs for years. They offer employees the opportunity to gain a greater knowledge and understanding of the resources available to them through their employer and community. However, coordinating a fair can be labor intensive and planners are often surprised and understandably disappointed with low employee turnout. To make your efforts worthwhile and host an event your employees will show up to and truly enjoy attending, we’ve put together a list of our favorite strategies: Stay on Target As with any event, it’s important to have a goal or objective when organizing a health fair. What is it that you want to achieve and, most importantly, what type of experience do you want to create? Having a clear vision for what you want the experience to be will allow you to filter and prioritize your ideas as you begin planning. Here are some examples: To create a forum where employees get excited and have fun while engaging with their co-workers and community partners. To launch a new program/initiative/strategic design in a ...
  • 8 Ways to Celebrate International Week of Happiness at Work Posted last year
    There are countless benefits to building a culture at work that focuses on workplace happiness.  Research shows that being happier at work is tied to better health, more creative and effective problem solving, employees who are more willing to contribute beyond their job description, lower absenteeism, less turnover, fewer mistakes, and higher customer loyalty and retention.  It was these proven benefits that inspired Dutch company, Happy Office to create and launch International Week of Happiness at Work.    Their goal is to inspire people as well as entire organizations to bring happiness into the work place as the norm, not the exception.  Their manifesto states “happiness at work is about meaningful work, healthy relationships, development and having fun. Let’s create a workplace to stimulate fun, appreciation, positive feedback, awesome challenges, trust, meaningful results and own responsibilities. Let us, as employees, employers, entrepreneurs, organizations and especially as human beings work together to make happiness at work the norm and not the exception.” International Week of Happiness at Work is September 23 – 27 and is currently celebrated in more than 30 countries ...
Read More »