Ep #486 Exploring Lifestyle Spending Accounts with Jon Shooshani of JOON | ShiftShapers

The ShiftShapers Podcast

In this episode of the ShiftShapers podcast, Jon Shooshani, co-founder of JOON, discusses the concept of lifestyle spending accounts (LSAs) and their impact on health and well-being. Shooshani shares his journey from being deeply interested in health and wellness to the founding of his company, JOON, which offers personalized wellness and lifestyle benefits for employees. LSAs are employer-funded accounts with flexible spending on well-being-related items and experiences. They may vary in name and structure across different companies. Shooshani explains the value of LSAs in promoting employee health, satisfaction and retention, while also covering practical aspects like budgeting, implementation and the unique features of JOON’s platform. The story concludes with a touching background on the company's name and vision to provide meaningful employee benefits. Throughout this podcast, business executives and owners, big and small, will receive expert insights on how to provide competitive benefits packages that serve their employees well.

ShiftShaper Episode Takeaways
- A lifestyle spending account (LSA) is an employer-funded fund that allows employees to spend on items and experiences that contribute to their well-being.

- LSAs can be customized and flexible, offering a range of categories such as health and wellness, professional development, work-from-home purchases, and family care.

- LSAs can have a positive impact on employee well-being and satisfaction, and can be used as a tool to attract and retain employees.

- Employers can determine the amount and reset frequency of LSAs based on their budget and goals. LSAs can be administered and streamlined through platforms like JOON.

Chapters

1. Understanding Lifestyle Spending Accounts (00:00:00)

2. Employee Benefits and Wellness Trends (00:12:08)

3. Workplace Benefits and Employee Engagement (00:16:17)

4. Employee Care Company (00:25:09)