![]() Financial incentives reward participants by providing a financial reason to participate, and may includeĬash or cash equivalents, prizes, or health insurance premium reductions.Surprise incentives randomly reward employees and break monotony, and might include giving a free lunch to everyone who outlined a new wellbeing goal last quarter.Outcome- or results-based incentives reward results, and might include offering a party to the team that wins a challenge.Compliance-based incentives reward for reaching goals or completing activities, and might include $50 for completing a health risk assessment.Progress-based incentives reward actions throughout a program, and might include a half day off for employees who hit a daily goal for two months in a row.Participation incentives reward a first step or single action, and might include bonus points for joining a challenge.Research conducted by the Virgin Pulse Institute reveals that the most effective incentives to increase wellbeing program reach (the percentage of eligible employees who actively use the platform) include: Extrinsic: motivation that stems from an external reward – engaging in an activity to earn a prize.Intrinsic: motivation that stems from internal rewards – engaging in an activity simply for the pleasure of it.The Virgin Pulse platform emphasizes incentives for employees by focusing upon two fundamental types of motivation: Virgin Pulse guides organizations in incentive program design best practices based on more than a decade of research. Incentives for Employees: Yea or Nay?ĭespite their prevalence, a debate lingers as to whether or not employee incentive programs prove effective in engaging employees in improving their health and wellbeing. Eighty-eight percent of companies report having employee incentive programs, and 78 percent of those companies have three or more. A close second? To earn incentives.Īs more organizations focus on helping their employees adopt new healthy habits, they turn to incentives to help make those changes a little easier. In fact, the top reason employees participate in health and wellbeing programs is to improve health. ![]() When combined with wellbeing initiatives, employee incentive programs not only encourage healthy habits, they serve as key motivators to drive engaged and happy employees. When it comes to your employee wellbeing program, these challenges can be seen as barriers affecting program participation and engagement, which in turn impact employee performance and productivity. Whether it’s a new workout, getting more sleep during the week or cutting down on sugar intake, just getting started can be tough. Employee Incentive Programs Incentives for Employees: Yea or Nay? Employee Incentive Programs – why introducing a new healthy behavior, and making it stick, is challenging.
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