GiftCard Partners Blog

As the country moves closer and closer to individual healthcare insurance requirements, Medicare and Medicaid are becoming pivotal in the American health care system. U.S. Medicaid and Medicare programs examine and implement health and wellness trends and incentives closely. Wellness incentives and healthy rewards are used in these programs to:

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.

Every company looks to attract the best people to their organization. Some offer signing bonuses, some offer an enhanced benefits package, but the key to attracting top young talent is flexibility. A flexible workplace is a perk that some employees are hesitant to offer for fear employees will take advantage. However, if you are truly attracting top talent they will likely adopt the motto "with great power comes great responsibility" and won't actually abuse the privilege. 39% of employees surveyed by Mom Corps indicated they have considered leaving or have actually left a job because the workplace wasn't flexible enough. This is an issue that hits close to home at GiftCard Partners, since we all work remotely, it is a uniquely flexible environment that allows some of our team to work full time when they would not otherwise be able to in a traditional office environment. Further more, employees are willing to give up a lot for a flexible environment. About half of U.S. adults surveyed would take a salary cut for increased workplace flexibility. Since most people work at least partially out of financially necessity, that is a staggering number. Workplace incentives are effective, but giving employees what they are looking for before they start sends a clear message that employees' time and talent is appreciated by the organization. Is your workplace flexible? Would you consider making your office more flexible? Let us know in the comments section.
For more information on flexible workplaces and how to attract top talent check out this article from Mashable.

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.