Incentives for Healthy Habits
FoxNews.com reports more employers are rewarding healthy workers with cash.
FoxNews.com reports more employers are rewarding healthy workers with cash.
Audit suggests cash incentives not always best employee motivator.
Non-cash incentives are being tapped as a way to both control spending and motivate employees and channel partners in an economy defined by growing austerity. The average employee cash incentive award is now $732–triple the cost of non-cash awards, according to preliminary findings of a new joint study about incentive awards conducted by the Incentive Research Foundation (IRF) and the Incentive Federation. The cash award is not part of base or variable pay, but rather given as an incentive.
As the economy begins to show signs of improvement we are seeing employers waking and realizing they need to make sure their employees feel engaged and valued. Companies are starting to give raises, restore matching 401(k) contributions and starting to fund more dollars for recognition and reward programs.
The TharpeRobbins Company Inc. has announced the winners of its second annual Awards of Excellence. As a leader in the managed employee recognition and rewards industry, TharpeRobbins is passionate about bestowing recognition and created the Awards of Excellence to honor the company’s extended family of invaluable vendors who have gone beyond the expected.
Choosing the Right Wellness Program Means Healthy Employees, Healthy Business – Rather than getting lost in the shuffle of everyday purchases (like a cash reward), prepaid reward cards are more motivating because recipients think about and plan what they will do with their reward—maybe while they’re walking the treadmill or preparing that healthy meal.
I Love Rewards announces the one year anniversary of 3M Canada’s, We Are 3M, employee recognition program.
As the economy rebounds, companies must recalibrate efforts to nurture a healthy corporate culture by recognizing employees’ contributions.
Discover the 5 barriers to building retail customer loyalty – Despite all this talk about customer loyalty, most retailers are struggling to launch and manage successful loyalty programs and a rewards structure that can sustain long-term growth.
IMA Member, I Love Rewards, Announces the Importance of Rewards and Recognition In Employee Wellness Programs