Alight announces launch of Wellbeing Marketplace, evolving the benefits ecosystem with flexibility and choice

Rhea-AI Summary

Alight, Inc. (NYSE: ALIT) has launched the Wellbeing Marketplace, a platform designed to provide employers with customizable benefits tailored to their employees' unique needs. This marketplace offers access to over 150 services across 50 countries, focusing on areas such as physical and mental wellbeing, family demands, financial wellbeing, and personal development. Integrated into the Alight Worklife® platform and powered by Fringe, the Wellbeing Marketplace aims to simplify vendor management while enhancing employee engagement and satisfaction.

Positive

• Launch of Wellbeing Marketplace enhances Alight's service offerings.
• Provides access to 150+ services across 50 countries, catering to diverse employee needs.
• Integration with Alight Worklife® allows for streamlined access to services.

Negative

• None.

The Wellbeing Marketplace enables employers to create a comprehensive benefits experience that meet the unique needs of employees and their families

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital and technology services provider today announced the launch of its Wellbeing Marketplace to help employers unlock flexibility and bring more choice in benefit offerings for their diverse workforce needs through a curated network of lifestyle benefits from a trusted source.

With Alight’s Wellbeing Marketplace, employers can now provide their employees with access to 150+ services and experiences in over 50 countries that are aligned to employees’ unique life stages and personal needs, including services supporting:

• Physical and Mental Wellbeing ranging from online therapy and grief support to personalized sleep support and eye care.
• Personal Development & General Wellbeing including professional/ life coaching, book delivery services, home cleaning services, food delivery programs and more.
• Family Demands such as babysitting services, expecting and new parent support, learning support subscription, technology, and science learning programs.
• Financial Wellbeing including will and trust services, debt reduction, accountant services and custodial accounts for minors.
• Health and Fitness including vitamin delivery, migraine management, audio-based fitness classes and virtual workout training programs.
• Family Pets including vet telehealth, pet sitter services, and Cooperative pet health plans.

“Our data shows¹ that most employees would believe their employer was offering benefits in their best interest if they were to provide customized benefits with greater choice,” said Alison Borland, executive vice president, wealth and wellbeing solutions at Alight. “The curated experience provided through the Wellbeing Marketplace helps employees gain access to a broad range of wellbeing services and experiences that are relevant and meaningful to them based on interests and lifestyle needs.”

The Wellbeing Marketplace allows employers to easily unlock flexibility that grows loyalty without the complexity of vendor management, providing frictionless engagement to support healthy bodies, minds, wallets and lives for their employees.

Alight’s Wellbeing Marketplace is Integrated into the Alight Worklife^® platform and powered by Fringe, the lifestyle benefits platform that is redefining employee benefits for the new world of work, to give employers and their employees single sign-on capabilities (SSO) to the most comprehensive set of wellbeing experiences and services in the market.

“Alight and Fringe are focused on providing an innovative benefits experience for today’s workforce,” said Isaiah Goodall, co-founder and head of channel partnerships at Fringe. “We are delighted to power Alight’s Wellbeing Marketplace with benefits that support the whole person.”

The Wellbeing Marketplace is part of Alight’s comprehensive suite of wellbeing solutions designed to help employers create an ecosystem of holistic wellbeing for employees with key offerings such as:

• Alight Well, which drives engagement through personalized wellbeing plans, incentive management and evidence-based content to foster healthy habits
• Concierge support and trusted guidance, through benefit counselors, Health Pros, Medical Allies and Financial Advisors
• Targeted solutions for employees’ mind, body, wallet and life needs.

About Alight Solutions

Alight is a leading cloud-based human capital technology and services provider that powers confident health, wealth and wellbeing decisions for 36 million people and dependents. Our Alight Worklife^® platform combines data and analytics with a simple, seamless user experience. Supported by our global delivery capabilities, Alight Worklife is transforming the employee experience for people around the world. With personalized, data-driven health, wealth, pay and wellbeing insights, Alight brings people the security of better outcomes and peace of mind throughout life’s big moments and most important decisions. Learn how Alight unlocks growth for organizations of all sizes at alight.com.

¹ The Era of the Employee is here | Alight

View source version on businesswire.com: https://www.businesswire.com/news/home/20220915005279/en/

Media Contact

Mariana Fischbach

mariana.fischbach@alight.com

Source: Alight Solutions

FAQ

What is the Wellbeing Marketplace launched by Alight (ALIT)?

The Wellbeing Marketplace is a platform that offers customizable benefits and access to over 150 services for employees, addressing various needs such as physical, mental, and financial wellbeing.

When was the Wellbeing Marketplace announced by Alight (ALIT)?

The Wellbeing Marketplace was announced on September 15, 2022.

How does the Wellbeing Marketplace benefit employees?

It offers a curated selection of services that align with employees' unique life stages and personal needs, enhancing their overall wellbeing.

What technology supports the Wellbeing Marketplace from Alight (ALIT)?

The Wellbeing Marketplace is integrated into the Alight Worklife® platform and powered by Fringe, allowing for easy access to a wide range of wellbeing services.

What types of services are included in Alight's Wellbeing Marketplace?

Services range from mental health support, personal development coaching, family care solutions, to financial wellbeing services.