Fitness subsidies, gym reimbursements and fitness rewards are some of the most desired and effective components of a worthwhile corporate wellness employee benefit program, as they lead to more engaged employees. In fact, 86% of mid-large sized employers offer some sort of wellness financial rewards in order to remain competitive in the labor market. On Read more…
Category: Benefits Strategy
;Best practices and insights about how to design and run your company’s wellness benefits program.
Benefits Strategy
Are Wellness Program Incentives Taxable?
The benefits of workplace wellness programs are endless. Not only is it useful for attracting top talent, but healthier employees inevitably lead to “lower medical claims costs, which leads to lower medical premiums, which leads to a better profit margin.” To boost engagement, most employers offer some sort of incentive to employees for participation. However, Read more…
Benefits Strategy
Why Perks Don’t Create Company Culture
Company culture is is a phrase that is often tossed around, but rarely defined. Companies want their workplaces to have it, but don’t know what kind of culture to create, let alone how to create it. Many companies will turn to perks, or employee benefits (part of a broader employee benefit program), as a way Read more…
Benefits Strategy
Gym Reimbursement Programs: The Top Mistakes
Workplace wellness employee benefit programs are in place in a growing number of companies (companies like Google are actually setting the standard for a world-class employee benefit program), and one of the most common is the Gym Reimbursement Program, or Fitness Subsidies. The idea is great, in theory: companies provide employees with a discount or Read more…
Benefits Strategy
Attract and Retain the Talent of Generation Y
Generation Y has already started to spread through the workforce and more are coming. If you don’t adapt to the culture of this new wave of workers you may find yourself left behind. But don’t fret, here is a list of 7 steps created by-posted-hosted-and promoted by Generation Y’ers to help you attract and retain Read more…