When we hear company perks and employee benefits, Taco Tuesdays and free gym memberships comes to mind. These perks are often used in efforts to improve company culture, and human resource efforts. However, as competition increases to attract the top employees, businesses are incorporating new and sometimes unorthodox ways to bring in bold talent. Even Read more…
Category: Benefits Strategy
;Best practices and insights about how to design and run your company’s wellness benefits program.
Benefits Strategy
Paid Time Off As a Low Cost Wellness Incentive
Sometimes it can be difficult to find room in the budget for employee benefits, wellness benefits, and wellness incentives. This is especially true if you are working in a small business (see our guide to small business employee benefits). One method that employers started using as an incentive to meet wellness goals is rewarding with Read more…
Benefits Strategy
Fitness Subsidies: Gym Reimbursement vs Fitness Rewards
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…
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…