About

"The Way We’re Working Isn’t Working"

Stress is a pervasive issue in the US, costing employers an estimated $500 billion annually in decreased performance and absenteeism. Combined with the cost of employee turnover, which totals an additional $1 trillion each year, the total cost of stress to the US economy reaches $1.5 trillion annually—about 7% of the country’s GDP. This issue affects 80% of the US workforce, with 70% being "not engaged" or "actively disengaged" in their work.

These figures translate to around 110 million people grappling with stress and its negative effects, which spill over into both their professional and personal lives. This includes decreased performance, increased absenteeism, poor mental and physical health, and delayed retirement. Unless addressed, these issues are likely to escalate.

While stress is not a disease, it represents a pandemic in the US. The human impact behind these numbers is profound, with many people feeling trapped and defeated.

To mitigate the detrimental effects of stress on performance, attendance, and overall well-being, companies often provide benefits aimed at supporting employee health, well-being, and job satisfaction. Comprehensive health, wellness, and insurance benefits can reduce stress and promote healthier lifestyles, leading to increased productivity, retention, and engagement.

However, the current landscape for delivering employee benefits and insurance is fractured and outdated. The typical one-size-fits-all, layered approach is disconnected and cumbersome, involving fragmented processes and outdated technology. This complexity not only frustrates employees but also makes it difficult to retain and engage top talent, while increasing costs and administrative burdens. We share this frustration.

At Wallit, our mission is to help everyone shine. We empower businesses to unlock their employees' full potential, ensuring they can thrive and contribute their best work in a supportive environment.

We aim to offer a comprehensive solution that simplifies the delivery of employee benefits and insurance, as well as rewards, recognition, and expense management. Our goal is to transform the workplace into a more productive and rewarding environment by simplifying these processes.

Imagine a world where managing employee benefits is as seamless as shopping on Amazon. Envision a single, integrated platform that streamlines the provision of health and wellness benefits, insurance coverage, rewards, recognition, and expense management. This platform would cater to every employee—from CEOs to 1099 contractors and gig workers—with a hyper-personalized approach tailored to individual needs.

In this ideal scenario, companies would deliver customized benefits effortlessly, enhancing employee satisfaction and engagement, while reducing administrative tasks and costs. The platform would feature intuitive, user-friendly interfaces, enabling employees to manage their benefits with ease. Businesses would gain a comprehensive view of their benefits landscape, empowering them to make informed decisions that improve business outcomes.

By combining advanced technology—leveraging data-driven insights and a networked approach—with a deep understanding of individual needs, this platform would remove administrative burdens and create a more efficient, effective, and personalized benefits experience for everyone involved.

We’ve envisioned this future and made it a reality with Wallit.

Thank you for considering our solution. We look forward to the opportunity to work with you.

Wallit
Your People Success Platform

Michael Vien
Founder & CEO
January 2020