Incentive Management System Archives

15 Great Health and Wellness Incentive Program Ideas

To craft a successful health and wellness program, a participating company must establish a healthy culture and continue to motivate their participants. The overall goal of a health and wellness program is to embrace and cultivate a healthy lifestyle, and to do so the participating company must create a healthy culture. Below we have listed 15 incentive program ideas that help promote a healthy environment but be mindful that implementing these helpful tips doesn’t stop there. A company must have a well thought out strategy in order to keep your employees motivated in a health and wellness program. Flex Benefits Credits Half a Year Membership to Weight Watchers or a Local Fitness Studio Per Year Following Active Participation Drawings for iPads, Travel, Gift Cards, Smart TVs, FitBits, Fitness Equipment, Merchandise Recognition and Celebratory Events Up to x Amount of Dollars Per Couple Into an Additional HRA Fund Upon Completion, a $100 Reward For an Accomplished HRA, Health Screening, and Health Report With Action Plan Up to $1,000 towards an HRA Drawing For a Full Day of PTO Upon Completion of the Health Assessment Health Cash Points For Employees and Their Significant Other If They Have Continually Engaged In The Wellness […]

Build a Winning Loyalty Program Strategy For Your Panel

Creating a loyalty program for your panel is the foundation for increasing profitability and revenue by increasing panelist retention, survey frequency, and supporting panelist acquisition programs. Panel incentive programs, when done correctly, build brand advocacy and increases the lifetime value of the panelists. But to get to this point, you will need to have panelists to enroll and be engaged. Your program needs to capture all the necessary data because getting the critical insight into your panelist for your clients sets the stage for the goldmine of information needed for future panel projects. Let’s take a quick look at four basic building blocks of creating a great panel loyalty program strategy: objectives, gaining program support of key stakeholders, rewarding the participants, and measuring the program. Organizing the logistics of the panel is one of the most crucial steps in order to conduct a successful loyalty program. Below are a few examples of what can jump start the planning phase: Great, you planned your loyalty platform, so just find someone and prepare for launch! Unfortunately, it isn’t that easy. There are so many loyalty platform designers, ensuring you choose the right one is essential. A designer who takes shortcuts, doesn’t focus on […]

10 Great Ways to Energize Your Health and Wellness Program

Are you looking to develop a health and wellness incentive program for your organization? Today’s loyalty program space is pretty vast, offering a broad range of participation incentives including prizes, cash, sell this get this, trips, etc. Developing a program with all the right components is essential to capture the attention of your employees and transform them into willing participants. How can you develop a wellness program that benefits your employees while saving the company money? Seems impossible, right? Wrong. Health and wellness employee incentive programs are thriving in today’s health conscious world. Organizations are hitching their wagons to this trend and becoming leaders in promoting preventative health care among their staff and efficiently lowering their insurance burden. By offering a variety of participation incentives that are health-related will not only promote self-care and an overall healthy lifestyle, but it also saves some bucks in the long run! Health care costs are higher than ever, but an excellent way to reduce workplace downtime, increase productivity and save money is to offer your staff a health and wellness program, which reduces overall healthcare costs. Another important consideration in developing a program is understanding that it isn’t just about offering participation incentives, […]

Successful Loyalty Program Delivers Channel Sales Results

Your channel sales team drives a significant portion of your company’s revenue. Their performance is important to you – and it’s important to make sure you have the best loyalty program to help ensure your sales team is happy and productive during the campaign. Participation by your partners is essential but can present challenges that can impact your bottom line. To avoid these problems a streamlined and well-organized loyalty and incentive and programs comes into play. As incentive and reward management systems evolve, brands and partners are continuing to modify business models which in turn drive the change which is necessary to work the core programs. These marketing programs are arguably the most important factors for businesses with indirect sales channels and contribute to the overall success of localized marketing strategy. Here is why: -Rewards programs drive channel revenue. Incentivizing your channel with MDF funds based on sales performance encourages branded co-marketing engagements. The more marketing funds that are dispersed through the network, the more likely the partner is to market the brand, which in turn increases foot traffic and sales. -Reward programs energize new products by giving channel sales turn-key access to center dollars and prompt control over how […]

How Incentive Promotions Drive ROI in a Loyalty Program

Does your customer acquisition marketing campaign need a little boost? Something to liven it up and add some pizzazz and excitement to your current recruitment promotion. Or perhaps you need to notify your loyal advocates of a new product and refresh the idea of current programs into a campaign that’s been ongoing for a long period. If any of these apply to you, then you will benefit from a short-term incentive promotion marketing program and drive higher ROI. You may be asking how a short-term loyalty program works. In the Market Research world, you perhaps have a good base of research participants but have just started to notice and drop off in participation. You discover that the rewards have become stale and redundant and panelists are in need of a nudge to engage or update profiles. The offering has not changed in months, and you are on a decline – you are losing your base! This would be a good time when an aggressive attempt to grow the respondent base is needed but how can you acquire new customers or engage past ones? Better yet, how can you keep the ones you already have happy and loyal? This is a […]

Best Practices for Workplace Health and Wellness Incentive Programs

Understanding what you can and cannot do with participation incentives with the enforcement of the Affordable Health Care Act can be a slippery slope if you are not well informed. The Departments of Health and Human Services, Labor, and the Treasury have revised the rules on wellness programs to reflect the changes and clarifications to the existing health and wellness provisions made by the health care law. What does that mean to you? Simple. It is more important than ever, to understand what changes have taken place (and stay current) when developing and revising a health and wellness program in group health coverage. Is it been appropriately designed, and does it protect your participants? These discounts represent two significant differences from most wellness incentives once offered by employers and health plans: the incentives are now focused on outcomes rather than participation, and the magnitude of the discount is much greater. Here are some rules to consider: It is important to protect consumers from unfair practices; regulations are in place to require health-contingent wellness programs to follow certain rules, including: Whether you are a self-insured company or a health and wellness provider, there are published rules that specify the types […]

Mix Things Up for a Successful Corporate Rewards Program

Has your sales incentive program turned to loyalty rewards yet? Are you finding that you have good engagement from your channel partners with your current channel sales incentive program? Do your sales promotions need deeper engagement and a more personalized contact to drive loyalty? Or are you still using mass blast communications and gimmicks? If so, it’s time to look at a new way to expand on your current direct sales marketing and create a whole new way to excite and pique the interest of your sales channel. Variety in the rewards you offer is key to long-term success. Effective rewards programs shouldn’t just recognize and incentivize participants, but should also build stronger relationships. Find out how to create a supremely enticing rewards program catalog. Mixing it up with your reward program is an excellent way to promote new engagement. Studies have shown that the people in your rewards programs are the ones who make the best and most profitable customers. Keeping these individuals engaged is crucial to your long-term growth. So, why not reward those corporate teams that have been in the program the longest or participated the most with a loyalty program that makes them happy and mixes up the rewards to provoke new […]

Visa® Prepaid Card Can Benefit Your Bottom Line

Visa® prepaid incentive cards can help your company drive efficiency and lower costs. If you are currently using checks to reward your customers imagine being able to save thousands of hours in processing time and lowering costs by more than 30%. You will also decrease the payment and delivery time thus making your clients happier so they will return and be your advocate. […]

Quick Way To Solve Problems with Reward and Recognition Programs

Building loyalty with 5% more customers would lead to an increased average profit per customer of between 25% and 100% (The Loyalty Effect). Rewards and recognition are the tools to build that customer (and employee) loyalty. “Fully engaged” customers (those with a strong attachment to the brand or brand ambassadors) deliver a 23% premium over the average customer in market share of wallet, profitability, and revenue (Cap Gemini). Now, all of this is wonderful information. But, where do you bring this into play? How does your brand build customer loyalty with rewards and recognition? Read on for the 6 types of successful rewards and recognition using prepaid debit cards. Firstly, let’s discuss the successful use of prepaid cards in brand holiday buying. Oftentimes, you can’t walk into a store without them stating, “Sign up for our card today and save 40% on your purchase!” Although this tactic is used across the board, it typically works. People are willing to come into the store and purchase more for their money-especially if they can save on their year-end gifts. Next, there are multiple options for establishing rebate programs or even refunds options for coupons or membership qualities from that branded prepaid debit […]

The Truth About Initiating a Consumer Incentive Program

Roughly 12 million Americans used a prepaid debit card at least once a month and collectively loaded $65 billion to them. Prepaid cards can be an awesome tool for many different people. They are safer than cash and remove the threat of overdraft fees and bounced checks. According to a recent market research study, 96 percent of users of respondents said the cards were useful, and 94 percent would recommend a reloadable prepaid card to someone else. Prepaid cards are the top customer incentive of 2015. So what are some key points for developing a successful consumer incentive program? Read on for the top seven qualities in prepaid debit cards. Cash management is… just that! An option for managing your cash flow. This allows customers to put how much money they want to spend on the card before they go purchase. This makes spending easier for families to watch their budget and possibly manage to spend for young children. Other options allow consumers to earn points from specific products they purchase, such as gas, clothing, or possibly even groceries. Event marketing is a huge industry that physically draws people in and gives them an actual experience. By hosting an event […]

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Category: Incentive Management System