Why Employee Ambassadors Improve the Bottom Line
Incorporate Effective Rewards into Your Employee Wellness Program
Corporate wellness programs are essential for improving employee health, reducing healthcare costs, and increasing productivity. But for these programs to be truly successful, they need more than just good intentions—they need the right kind of incentives. Research shows that offering meaningful rewards, or "carrots," can significantly boost participation and engagement in wellness initiatives. However, one-size-fits-all rewards may not be as effective as offering personalized options. Here are some fresh insights on how to incentivize employees and make your wellness program a success.
Attracting Top Talent: The Employee Incentives & Benefits You Have to Offer
The competition for top talent has never been more intense—and what employees expect from their employers is changing fast. While traditional benefits like salary and healthcare still matter, today’s workers want something more: meaningful work, modern workplace culture, and personalized incentives. To attract and retain top performers, organizations must offer a comprehensive value proposition that meets employees where they are.
What Incentives Do Employees Want?
Delivering employee incentives can only be effective if the incentives available are satisfying to employees. Here are a few popular employee incentives according to a new
Wicke's For Business article.
Travel Packages: Sending employees on a trip for a job well done on a big project, or as part of a bonus is becoming an increasingly popular option for employers. It creates a memorable experience for employees and carries a fixed cost for employers.
Gift Cards: Gift cards to popular retailers such as
CVS/Pharmacy,
Boston Market and
Crutchfield carry the same flexibility of cash but have better trophy value. Employees are more likely to use the gift card on a special occasion, rather than cash bonuses that often get rolled in to paying bills and household costs.
Social Rewards: Giving public praise and socializing employee rewards is a great way to reinforce desired behavior. Public praise does not only reward one employee for a job well done, but it shoes other employees what management is looking for in employee performance.
Professional Development Boosts Employee Morale
Employee morale can dip at the end of the summer, so around this time of year it is important to make sure you support morale around your office to maintain productivity, retention rates and general workplace happiness. Professional development can be a great way to shake up the day-to-day office routine. Professional development also serves as a morale booster because it shows employer commitment to the workforce. Investing in employees' skills and ensuring they have the latest training in their field is a great way to show you are committed to their professional development now and into the future. If you commit to the well-being of your employees, they will feel greater loyalty and satisfaction at their job and it ensures the well-being of your organization. Check out the infographic to learn more about how professional development can boost morale at your office.
