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What is a well-being allowance?

A well-being allowance is a financial benefit or perk provided for employees to spend on activities or services that contribute to their physical, mental, and emotional health.

The well-being allowance is typically designed to encourage employees to prioritise self-care and maintain a healthy work-life balance. It can be used for various reasons, such as purchasing a gym membership, fitness classes, mindfulness workshops, counselling services, wellness retreats, or even personal development courses.

A well-being allowance aims to improve employee satisfaction, reduce stress, boost productivity, and boost overall employee morale and engagement. It also reflects a company's commitment to the well-being and development of its employees, acknowledging that a healthy and happy team is needed for the success of the company.

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