Diversity, Equity and Inclusion (DEI) initiatives are more important than ever for businesses of all sizes. A Wellness Spending Account (WSA) is one of the best ways to contribute to DEI initiatives, as well as one of the simplest to implement.
1. Enhanced employee well-being
A WSA allows employees to access the personal resources they value the most to address their physical and mental health. For an employer to offer a WSA, it says to the employee “we trust you to take care of your health and wellness in the way that best suits you.” When employees feel this support, they are more likely to be engaged and productive at work, as well as positively impacting underrepresented employees who may face unique stressors.
2. Inclusivity in Health and Wellness
DEI initiatives are implemented to ensure that all employees have equitable access to opportunities and benefits. A WSA can cater to the diverse needs of any workforce by putting the control and choice in the hands of each individual employee.
3. Addressing Health Disparities
Underrepresented populations can experience health disparities due to several different factors. By offering a WSA, employers are providing financial support for preventative care, mental health services and other health related expenses, promoting equitable access to health and wellness resources.
4. Employee Engagement and Satisfaction
DEI initiatives are critical to creating a sense of belonging and inclusion among employees. When employees feel that their employer cares about their well-being and offers benefits that support their individual and personal needs, it creates a positive work environment and strong company culture. This can, in turn, attract and retain a diverse talent pool for the employer.
5. Professional Development and Training
Inclusive organizations who invest in professional development and training programs address unconscious biases, foster cultural competence, and create a more inclusive workplace. A WSA can be used to fund workshops, seminars and training sessions related to DEI topics, helping to raise awareness and promote understanding and acceptance among employees.
A WSA is all about flexible and customizable benefits. Having such a high level of flexibility empowers employees to choose the health and wellness services that work best for them, making the program effective and inclusive. Using a WSA to help with DEI initiatives promotes the well-being of all employees by offering inclusive health and wellness options, addressing health disparities, creating an inclusive work environment and support professional development related to DEI topics. By implementing a WSA, employers are demonstrating their commitment to supporting the diverse needs of their employees, contributing to a more inclusive and equitable workplace culture.
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Download the document below for a sample list of eligible WSA items