GiftCard Partners Blog

Premium reductions are becoming less effective when it comes to employee health and wellness programs. We recently wrote about how cash isn’t king when it comes to rewards and incentives, and the same can be said for rewarding and incenting employees for healthy behaviors.

Millennials play a major role in the way retailers and merchants now look at the loyalty game. With technology constantly evolving and Millennial consumers, aged 18-34, on the brink of every change, those same retailers and merchants have to be right there with them. A recent study from Excentus, The Road to Rewards: What Drives Millennial Loyalty? states,

A new study from the Reward & Employee Benefits Association indicates that employee engagement is considered a top strategic priority for 2016 (35.6% of respondents indicated this as number 1).

Recently PYMNTS.com put out its 2015 U.S Consumer Payment Choice Study which takes a look at the state of mobile purchases in the U.S. What Sarah Hartman, a Senior Director of Payment Solutions at TSYS, and Karen Webster, PYMNTS.com CEO MPD, found is very important to the rewards and loyalty industry.

Workplace wellness is a $6 billion industry. In today's age of technology, millions of American employees are sitting at their desks for hours on end. Behaviors like these have led to a growing rate of chronic diseases like obesity, high blood pressure, stress, exhaustion, and absenteeism, just to name a few. Implementing workplace wellness programs has become a vital piece in both maintaining and improving employee health. The Society for Human Resource Management (commonly known as SHRM) released a 2015 Employee Benefits Report that discussed the uphill trend in implementing workplace wellness programs, addressing preventable and chronic disease programs in particular. RAND Corporation also released a brief on wellness programs, titled  "Do Workplace Wellness Programs Save Employers Money." It took a closer look at the two most common components of a wellness program: