Rewards aren’t new to employee recognition and retention programs, but they are growing in popularity. Over 80% of businesses use rewards to overcome their business challenges today. They’re a perfect tool for recognizing top-achieving performance, boosting morale, and creating a supportive work environment.
In recent years, the number of employees who do not feel appreciated at work has grown, and that could be a big problem for companies. When employees are dissatisfied for long enough, they’re more likely to look for another job, which means employers are stuck with high turnover and on-boarding costs.
Promoting healthy behaviors has become part of the lexicon of healthcare in recent months, and that is due to several forces converging. The Centers for Medicare and Medicaid Services (CMS) has taken the lead in changing the way that healthcare services are provided and reimbursed, and this has been an initiative that has been underway for at least the last four years.
We can all agree that when it comes to employee wellness, we all want long-term results, not just quick-fixes. Sometimes, though, we can get trapped in the "now" mindset where we focus on getting ourselves and our employees physically, mentally and financially fit ASAP. The problem: ultimately, old habits die hard and employees may end up right back where they started, which means little to no ROI on the program for you.
Safety programs are growing in popularity across all kinds of businesses. While they reduce accidents that can end up costing companies millions, they also promote a culture where employees are looking out for one another and the organization.