What Wellness Awards Do Companies Use?

Incentives “Safety & Wellness IQ” survey, the top rewards in wellness programs are:

Award Type	Included in Program
Retail & Bank Gift Cards	58.9%
Merchandise	41.2%
Cash	27.9%
Insurance Premium Reduction	25.5%
Individual Travel	10.3%
Experiential Awards (Spa treatments, etc.)	7.4%
Group Travel	4.4%

It’s no surprise that gift cards are the number one award group as the vast majority of individual budgets for these types of achievable objectives are less $50 to $100 ea.  And gift cards are by far the best value in that denomination of award especially considering the high margins on merchandise that tends to deflate the value and group or individual travel awards that are quite expensive.  

Communications and Technology Are Key

Communicating the range and complexity of health services can present a challenge. Individual motivation or apathy, sensitive health issues, and the cultural, geographic and demographic differences in your organization can all pose problems that need to be addressed when deciding on the communication strategy. Intranet portals, email campaigns, mobile devices, well thought out promotional items and the use of a host of Technology apps that speak to fitness can all help to make your program a success. 

Activity trackers and wearable devises such as FitBit and smart watches are simple ways for employees to measure performance against goals.  The American Council on Exercise reports that “people are 30 to 40 percent more likely to be active just by wearing a fitness tracker.” By using gift cards redeemable for Amazon and other online suppliers you can help offset the cost of activity trackers that can be expensive. Two top apps that unlock this ability for iPhones and Android devices are Argus and Pacer, both free, as are a host of others..

Safety programs for years have used triggers to motivate intended behaviors to avoid accidents.  Wearables are a great trigger.  The device on your wrist, the blinking light and vibration are physical reminders to change your behavior. 

The Future

When you add financial planning, life style education, stress management and life-stage management to the equation, you move into the future from the wellness of the past to the entire well-being of the employee in the future.  With a wellness program designed to change every day habits and reinforce improvement, these holistic well-being programs can help improve business outcomes like productivity and employee engagement, essentially the health of the business. 

 

Companies that have seen measurable success know that these wellness programs take time to show results.  They are long term objectives with very positive long term consequences. 

There is abundant evidence to support the return on investment evident in the wellness programs of today.  A quick search of the net will provide many.  How is your wellness effort going? 

For more information on Ultimate Choice Inc.’s products or services or other white papers please contact us at Ultimatechoiceinfo@cox.net