Employers continue to use Health and Wellness benefits to manage costs
According to a survey released this week by the Society for Human Resource Management (SHRM), employers are using an increasing amount of Health and Wellness programs and benefits as both a mechanism to raise employee morale and manage rising health care costs in a slowly recovering economy. Raising employee morale and keeping employees healthy through professional development, and health and wellness programs is a cost effective investment for employees. These benefits provide an ROI in raised retention rates, productivity, and job satisfaction, as well as lower employer health care costs. The survey revealed that employers offering development opportunities such as life-coaching jumped from 33% in 2008 to 45% in 2012, and providing small rewards, such as gift cards, for completing health and wellness programs increased from 23% in 2008 to 35% in 2012. These significant increases prove this is a growing trend and the value of these rewards continues to be successful.
For more information on the SHRM survey and how employee benefit programs help manage employer costs check out this MarketWatch Release.
Summer Employee Benefits: Boosting Engagement and Productivity
As the summer months approach, many employees seek flexibility and perks that align with the season. Companies can capitalize on this opportunity to boost morale, productivity, and loyalty by offering targeted benefits. Here are some key insights and recent statistics on what employees value during the summer and how to implement effective reward strategies.
Make Sure You Get the Truth From Your Employees
Getting truthful opinions from employees about their job and the organization are a great way to ensure that your company stays on track, and treats its employees the right way. Keeping employees happy keeps them productive, and increasing productivity will often increase revenue. Here are 8 ways from
bussiness2community.com to makes sure you get the truth from your employees, and reward them for maintaining an open dialog.
Communicating Employee Rewards Programs Effectively
In today's competitive business landscape, employee recognition and rewards programs play a pivotal role in fostering a positive work environment and driving employee engagement. However, despite the prevalence of these programs, many employees remain unaware of their existence, leading to a significant gap between perception and execution.
Payment Systems and Gift Cards Going Mobile
As smartphones become more prevalent in the daily lives of consumers, retailers are constantly coming up with ways to reach these consumers in the space where they are spending an increasing amount of time……….on their mobile devices. While systems like Square and PayPal previously targeted small to medium sized businesses, they have moved into the top tier retail space. This will allow consumers to make payments using their mobile device, instead of having to carry around a wallet full of plastic. Due to the increased importance and usage of smartphones, retailers are also making gift cards available through a mobile device more and more frequently. Not only is it easier for the person recieving the gift card to redeem their gift, but it also revolutionizes the way a friend, or employer delivers the gift. There is added convenience on both sides of the gift card. Imagine giving rewards to employees on a rolling basis through a spot rewards program. The employer can deliver rewards witha click of a button to any number of employees in any number of locations. Mobile gift cards are also revolutionizing the mobile retail space and transforming the way people give and receive gifts.
For more information check out this article and interview with Ken Paull, Executive Vice President of ROAM Data, from PYMNTS.com.
