- Company that Expands Employer Benefit Offerings with Caregiving Support to Join Workday Ventures Partner Program
Wellthy, a digital care concierge platform for employees and their families, announced that it has received a strategic investment from Workday Ventures and joined the Workday Software Partner Program. As a Workday Software Partner, Wellthy plans to build a product integration for shared customers to leverage, which will differentiate their benefit offerings with caregiving support for their employees.
Wellthy matches families with a dedicated Care Coordinator who manages their care plan, advocates for loved ones, and tackles tasks across medical, in-home, financial, legal, housing, and social and emotional needs. Workday Ventures participated in Wellthy’s Series B financing announced in June, providing a strategic investment to support Wellthy’s international expansion, product development, and continued growth. The $35 million round was led by Rethink Impact and also included Eldridge, Hearst, and Polaris Partners.
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“Our partnership with Workday is another testament to the importance of caregiving support in the future of human capital management,” said Lindsay Jurist-Rosner, founder and CEO of Wellthy, which works with employers including Accenture, Cisco, Facebook, Salesforce, and Voya, among others. “Wellthy is providing vital care infrastructure to help employees adjust to new hybrid working norms and helps alleviate the financial, logistical, and emotional strains of caregiving.”
“Given the impacts of the pandemic, employees are balancing multiple needs and looking for support, and caregiving is a vital component,” said Mark Peek, managing director and head at Workday Ventures. “We support and partner with Wellthy because we share a common commitment to help our customers focus on what matters most — employees and their needs. Together, we can help empower customers to provide the caregiving support their employees need, while also providing them with an essential platform for hiring and retaining talent.”
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Recent Wellthy data underscores how employees and employers have benefitted from increased productivity, improved morale, and higher retention rates due to the company’s platform:
- 90% of employees reported feeling more engaged/less stressed at work
- 66% reported missing fewer meetings
- 55% recouped more than 10 hours working with Wellthy, with 17% reporting 40-plus hours saved
- 33% said Wellthy’s support prevented them from taking a leave of absence or resigning due to caregiving reasons
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