3/15/2024 0 Comments Virgin pulse rewards loginOptimizing your total rewards program requires going beyond offering a gift card for achieving an aloof health challenge. Incentivizing people to get more involved in their total wellbeing is a great start for employee engagement, but pitfalls and challenges occur when rewards are not optimized by personalizing outreach and aligning the right rewards for completing specific targeted actions. By utilizing employee benefits, employers know their employees are taking actions to reduce costs and employees can simultaneously earn rewards, including cash or gift cards Elevate your Employee Rewards Both are looking for ways to save money and relieve the financial burden. Employers are taking the heat of covering rising healthcare costs, while employees are worrying about paying their own healthcare bills. Why? Because employers and employees have concerns about costs. Did you know 98% of young individuals and 85% of older individuals are motivated by financial incentives? Not only do employees want rewards, but they respond to rewards as an engaging incentive. And we know that nothing is more rewarding for you and your employees than a strategic incentive plan that is proven to work. A Powerful (and Overlooked) Tool: RewardsĪs experts in incentive design and reward management, our team has seen hands-on what strategies work and which tend to fall flat. The first is that they’re a way to save money for organizations in several different ways, and the second is that consumers want them. There are two main reasons that health and wellbeing incentives are so important right now. Deloitte lists multiple benefits to organizations incentivizing health and wellbeing activities as lower healthcare costs, better talent considerations, and increased workplace wellness and productivity are all benefits employers see. Yet, the reality is that it’s also harder than ever to connect with and engage employees.Ī proven and increasingly popular way to drive targeted actions is to incentivize employees with intrinsic or extrinsic incentives. In today’s disconnected world, motivating employees to take actions is more challenging, more important for health outcomes, and more important for reducing costs than ever before. Taking Your Employee Rewards to the Next Level
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |