Case Study: BitSight achieves 87%+ engagement with Forma's global LSA program

BitSight boosts LSA engagement to 87% with Forma

Bitsight, a leading cyber risk management firm with a global workforce, faced a challenge with its rigid and underutilized wellness benefit program, which only saw 20% engagement and failed to meet the diverse needs of its employees. To build a more inclusive and flexible benefits offering, the company partnered with vendor Forma to implement a Lifestyle Spending Account (LSA) solution.

Forma provided a platform for Bitsight to launch three flexible LSA programs for wellness, tuition assistance, and home office expenses. This solution gave employees choice and ease of use while streamlining administration. The results were significant, with employee engagement soaring to over 87% and thousands of successful claims processed. According to Bitsight, the program received overwhelmingly positive feedback and had a major impact on how employees perceive the company's care for their well-being.

BitSight