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.
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.
Combat Workplace Stress with Health and Wellness Programs
Workplace stress is an increasingly common issue, affecting both employee well-being and company performance. According to the American Institute of Stress, job-related stress is the primary source of stress for American adults, with 83% of U.S. workers reporting stress-related symptoms. This stress not only impacts individual health but also costs American businesses a staggering $300 billion annually due to absenteeism, turnover, and reduced productivity.
Employee Recognition the Right Way
Everyone knows how valuable it can be to practice employee recognition across an organization. The key is to execute an employee recognition program the right way, if your employees don't feel recognized or are not comfortable with the recognition method, your organization is not going to get the ROI it is looking for by way of increased productivity, increased job satisfaction and high retention rates. Here are 3 key ways to make sure your employee recognition program is working for your organization and its employees.
Employees Wellness Programs Pay for Themselves
By now you are probably familiar with the new laws that took effect as part of the Affordable Care Act earlier this summer. Employers can now offer incentives totaling 30% of total plan cost (they used to only be able to offer 20%) to employees who are healthy, taking preventative measures to stay healthy, or meeting goals to get healthier. The idea is that employers should encourage wellness (not just for the greater good of society) because it cuts down on absenteeism and the cost of health care benefits for the employer…and the benefits keep coming. A review of 72 studies in the American Journal of Health Promotion revealed these staggering figures:
