What Is a Wellness Stipend? Everything Employers Need to Know

TL;DR

What is a Wellness Stipend and How It Works

Key Benefits of Offering This Benefit

Boosts Employee Engagement and Retention

Promotes Holistic Employee Wellbeing

Empowers Personalized Health Journeys

Reduces Burnout and Absenteeism

Stat callout: Absenteeism accounts for more than $225 billion in annual costs

Enhances Employer Brand in the Talent Market

More Cost-Effective Than Traditional Programs

Types of Wellness Stipends You Can Offer

Fitness & Physical Wellness Stipends

Mental Health & Mindfulness Stipends

Nutrition and Healthy Living Stipends

Alternative and Preventative Care Stipends

Financial Wellness Stipends

Hybrid Wellness via Lifestyle Spending Accounts

Image of an employee meditating and a call to automate wellness stipends with Motivosity.

What Expenses Are Covered?

How to Set Up a Successful Wellness Stipend Program

Survey Your Team and Identify Needs

Choose Stipend Type and Platform

Set the Budget and Distribution Frequency

Define Eligible Expenses and Categories

Communicate the Program Clearly

Track Utilization and Iterate

Common Challenges and How to Overcome Them

Is a Wellness Stipend Worth It?

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About the Author

Erika Rahman is a Product Marketing and Content Specialist at Motivosity. She studied marketing and business management at Utah Valley University. Erika has a broad background—from optometry to trade school administration—giving her a love and understanding for people across industries. She grew up in Northern California and Colorado, and currently calls the Utah slopes home.

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