Edenred, the world leader in specific-purpose payments, has launched a comprehensive wellness program for companies to offer their employees. Lifestyle Spending Accounts give employees multiple opportunities to reduce stress, stay in shape, and get assistance in other areas of their life. Offering Lifestyle Spending Accounts allow companies to support, care, attract, and retain top talent in this challenging job market.
Edenred’s Lifestyle Spending Accounts offer many programs for employees to take advantage of. Those include:
- Family, Education and Pet Services
- Transportation and Mobility
- Clothing and Household Furnishings
- Restaurants/Grocery
- Automotive
- Entertainment and Active Lifestyle
Lifestyle Spending Accounts are attractive to both employers and employees. Employees evaluate programs to gauge how a company treats its employees. A survey conducted by Virgin HealthMiles Inc. and Workforce Management Magazine revealed that employees care deeply about wellness programs, with 77% saying “health and wellness programs positively impact work culture[1].”
Lifestyle Spending Accounts can deliver higher employee job satisfaction, which translates to a more engaged workforce. PricewaterhouseCoopers conducted a survey in 2021 and found that 44% of employers have added or improved their workplace wellness program to accommodate to the changing workplace landscape[2]. Companies that want to make a big difference in their employees’ lives can use Lifestyle Spending Accounts to reduce stress and increase productivity.
“More than ever before, our clients and prospects are coming to us in need of ways to support, care, attract, and retain employees.”, says Ed Fleischmann, CEO of Edenred USA. “We’re proud to add Lifestyle Spending Accounts to our multi-benefits solution, designed to ease employers’ administration. Employers can offer several benefits all in one single platform, while employees can use the benefits with one single card. It is a great way to enhance your company culture with our hassle-free and flexible programs guaranteed to help make your employees’ lives healthier and happier.”
Edenred launched Lifestyle Spending Accounts because it gives employees more options to improve their general health, well-being, and productivity. Employees will take fewer sick days and employers will have fewer healthcare costs. The programs are customizable, and it’s easy for employers to control costs.