GiftCard Partners Blog

One of the most important challenges that employers share is undoubtedly reducing health care costs, while maintaining the perception of high healthcare value being offered to employees. But, employer and employee perspectives can be greatly skewed.

Gamification continues to grow in the workforce motivation realm. The gamification market was estimated at around $100 million a year ago, and is projected to from to $2.8 billion by 2016, according to M2 Research. Five years from now, every new employee entering the workforce will have grown up with mobile devices and Facebook, this means the demographic in the workforce is accustomed to constant gaming and media stimulation. To ensure your gamified employee motivation and recognition is executed properly follow these 3 easy steps:

According to Parago's annual employee holiday incentives study you do not need to spend a lot of money to make your employees feel appreciated during holiday bonus time. The annual survey explores what employees are looking for in holiday bonuses and year-end incentives, and this year the findings were similar to last year. Below are some of the key findings of Parago's survey.

Chicken or Steak; Obama or Romney; Comedy or Drama; Yankees or Red Sox; Gift Cards or Cash? We may not have all the answers, but according to Incentive’s “2012 Gift Card IQ” survey, gift cards trumps cash.

The use of gift cards in the incentive industry grew from 27.8 percent last year to 36.7 percent in 2012. Not only are companies using gift cards as a way to recognize or reward employees during the holiday season but the survey shows that they are increasing the frequency of which they use gift cards throughout the year and the amount spent on them. The survey seems to be holding steady states Incentive Magazines Leo Jackson, “…the best word to describe the results of Incentive’s “2012 Gift Card IQ” survey, compared to the 2011 version, is stability. By and large, this year’s results were within a couple percentage points of last year’s in virtually every category.”

It looks like gift cards are on the rise while cash rewards could become a thing of the past. Some interesting findings from the survey include:

The use of incentives, such as gift cards and small bonuses, are becoming increasingly popular among employers to incentivize employees to participate in health and wellness programs. The HR Consultancy's 2012 Health Care Survey of nearly 2,000 U.S. employers, representing over 20 million U.S. employees and their dependents, provides insight on how employers are using incentives to promote healthy behavior in their workplaces. Healthier employees lead to happier employees who are more productive and dedicated to their organization. Healthy employees also lower the cost of insurance for employers, making the ROI for health and wellness incentives apparent. Here are some of the insights the new HR Consultancy revealed: •58% offered some form of incentive for completing lifestyle modification programs, such as quitting smoking or losing weight. • About a quarter offer incentives for progress or attainment made toward meeting acceptable ranges for biometric measures such as blood pressure, body mass index, blood sugar and cholesterol. • More than 80% of employers provide an incentive to complete a health questionnaire, yet less than 10% provide an incentive to address the results of the questionnaire. • More than 60% of employers provide an incentive to complete biometric screening, but less than 10% provide an incentive to take any action.  
For more information on health and wellness incentives check out this article in Home Channel News.