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
Wellness Benefits Without Administrative Burden
If you’re an HR administrator you’re probably familiar with paperwork. And usually, wellness employee benefits, and employee benefit program administration requires a lot of paperwork due to the incentive management process. In fact, this can be a major deterrent of implementing any new program. So if your company wants to run a step challenge or Read more…
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…