What’s going on:
The demand for workplace wellbeing has created a surge in interest for Gympass — the world’s largest employee wellbeing platform. The company has now clocked 250 million check-ins to their expansive network of 50,000+ partners delivering physical and mental health services.
Why it matters:
Gympass‘ new check-in milestone comes just 18 months after it reached 100 million total check-ins; this showcases an astounding 10x acceleration compared to the first nine years.
This massive growth is a result of the perfect storm of multiple factors in the future of work coming together.
The focus on employee wellbeing is no longer seen as just an extra benefit; it’s now being prioritized for its tangible financial benefits. This has given Gympass a tremendous boost, leading to a 44% surge in corporate clients in 2022 compared to 2021, such as Citizens Bank, SeatGeek and University of Phoenix.
How it’ll impact the future:
Despite financial difficulties, businesses have come to understand that employee wellbeing doesn’t just have a positive influence on retention, satisfaction, productivity, and profits; it also aids in minimizing healthcare expenses.