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The Power of Incentives in Workplace Wellness Programs to Reduce Employer Healthcare Costs

Growing employer healthcare costs are forcing companies of all sizes to take a look at how wellness programs can help decrease their company's bottom line. This SlideShare will review the growth of employee wellness programs, reward-based wellness and what works, incentives as the solution, a government update, and ROI studies from wellness programs. Check out the SlideShare:

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Corporate Wellness Incentives & Safety Programs

Step 1: Create a safety program. Step 2: Make it successful. Still struggling with Step 2? Many strategies have been tried, from payroll bonus, discipline, performance review, to issuing penalties. But the question still remains, what works best to foster a safety culture within the workplace? The answer could be as simple as corporate wellness incentives in the form of gift cards. They are a flexible and affordable way to incent and reward for accident prevention, increasing morale and productivity, and encouraging feedback.
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4 Keys to Maximize Your Safety Program

Employee incentive programs are all about rewarding employees for desired behavior, and working as an organization invoke this desired behavior as the standard. One of the biggest applicable verticals for employee incentive programs is to help maintain workplace safety. Here are a few quick tips on how to maximize the effectiveness of your safety rewards incentive program.
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Safety Program Incentives for Exceptional Behavior

Worker safety programs can be controversial, but time and time again they prove their ROI. When safety incentives are implemented correctly, safety programs can extend and improve worker safety records. The money invested in incentivized safety programs is returned in lower insurance costs, a happier workforce, and improved safety in the workplace. Here are 3 steps to properly implement a worker safety program within your organization.
1. Make safety a core value. Making safety a core value at your organization, and reiterating safety messages constantly to employees will ingrain the safety programs message into employees professional mindsets. When safety is top of mind for employees the workplace becomes a safer place, mitigating risk and cost associated with unsafe working conditions.
2. Set high expectations for safe behavior. Safety programs should be something that employees strive to excel in. Maintain high expectations for safety programs, and use safety incentives when appropriate. Only giving out rewards for employees who do an exceptional job, in more of an ad-hoc fashion, can be equally effective as a formally structured incentivized safety program. As they won’t know when safety incentives will be rewarded, an ad-hoc approach will keep employees striving for better and better safety metrics.
3. Commit management to worker safety. Keeping management invested in promoting worker safety is a key to success. Employees notice when management cares about their safety, and that is extremely motivational to the general workforce. Having managers invest part of their budget in safety incentives shows a tangible commitment to worker safety and shows the workforce that management is committed to safety program incentives for exceptional work. Budget investments can be spent on small denomination gift cards to popular retailers such as 
The Limited, 
The Cheesecake Factory, and 
The Children's Place. Small rewards such as gift cards can go a long way in showing employee appreciation for organizational safety.

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Corporate Employee Programs & How to Incorporate Incentives

We’re finding that people are still questioning why companies across the U.S. are spending $22.7 BILLION
1 on gift cards as incentives in corporate employee programs and what this segment of the B2B gift card market is all about. AND we’re also finding that corporations and companies of all sizes are STILL surprised to learn that there are savings to be had on bulk gift cards purchased for employee motivation, employee engagement, and employee rewards.  Why are 52% of U.S. businesses using gift cards to recognize and reward employees, sales folk, partners and customers.
2 Dig deep into how gift cards are utilized in the workplace to motivate, incent, and reward in employee programs.[hs_action id="2877"] 1 & 2 Source: IRF Market Study: B2B Gift Cards

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