About

"The Way We’re Working Isn’t Working"

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

These statistics equate to around 110 million people experiencing stress and its negative effects that spill into their work and personal lives, including decreased performance, increased absence, poor mental and physical health, and delayed retirement. The problem will compound over the years unless something is done.

While not a disease, stress is a pandemic in the U.S. And what keeps us up at night is that behind these numbers are the people's lives that are filled with feelings of being trapped and defeated.

Given these detrimental effects of stress on employee performance, attendance, and overall well-being, companies often offer benefits to their employees as a way to support and improve their health, well-being, and overall job satisfaction. Providing multiple health, wellness and insurance benefits can help reduce stress and promote healthy lifestyles, leading to increased productivity, retention and engagement in the workplace.

Unfortunately, the current landscape for delivering employee benefits and insurance is broken. The common one-size-fits all, layered approach is disconnected, complex, and often involves the use of fragmented, manual processes and outdated technology. This not only leads to frustration and difficulties in retaining and engaging top talent, but it also results in increased costs and an increased administrative burden for all parties involved. We share that frustration.

At Wallit, our mission is to make everyone shine. We help businesses unlock the full potential of their people to succeed - to help people be their best and do their most productive work in an organization they enjoy.

We aim to provide a comprehensive solution that simplifies the process of delivering employee benefits and insurance, as well as rewards and recognition, while also streamlining expense management. Our goal is to help businesses unlock the full potential of their employees and create a more productive and rewarding work environment. We believe that by doing so, we can transform the future of work and make a positive impact on the lives of millions of people.

Currently, delivering comprehensive employee benefits and insurance programs is a fragmented, manual process that is often underused and only satisfies a small percentage of teams. Additionally, the process for delivering rewards and recognition is often rigid and confusing, undermined by outdated technology that disengages employees, HR, and finance managers with unused gift cards or point systems.

And, don't get us started on expense management processes which are highly manual with a heavy administrative burden and fraught with long approval times. Surprisingly, most small-to-medium sized companies still use email and spreadsheets!

Now, imagine a world where it's easy to provide a comprehensive, integrated platform that streamlines the process of delivering health and wellness benefits, as well as insurance coverage, rewards and recognition, and expense management programs to all employees, from the CEO to every single employee, including 1099 and gig workers. A world where it’s easy to deliver benefits through hyper-personalized experiences that meet the unique needs of workers everywhere, elevating business outcomes while saving time and money without any added administrative burden.

We have imagined it, and we have delivered it 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