In today’s increasingly digital world, managers of incentive programs must find ways to provide rewards that meet and exceed the expectations of their participants. Skilled incentive program managers and rewards companies are always searching for more meaningful incentives for their program participants. Digital rewards can be a critical component of B2B, B2C, B2B2C, employee incentive, wellness reward programs, and more. But what makes a powerful rewards program? Here are a few best practices. A study from the Incentive Research Foundation (IRF) found that top-performing technology companies prioritized the following features when designing an incentive plan: Prepaid digital reward solutions make it easy to build and operate programs that embody all of those characteristics. Gift card options were a favorite form of reward among companies featured in the study. Fortunately, companies don’t need to decide on the reward mix on their own and purchase them on an ad hoc business. Both gift card and digital prepaid card rewards can be provided by a reward supply company. Once a company chooses a provider for their incentive program, the rewards can be seamlessly integrated into a rewards marketplace as easy-to-redeem virtual gift cards and custom prepaid debit cards. Participants will be happy prepaid […]
Tag: wellness incentive
Using Incentives to Create a Holistic Health and Wellness Program
Health and wellness programs are more important than ever. The success of these programs requires more than just good ideas. More than half of all US companies have some sort of health and wellness programs, but there’s a clear decider between the successful and the unsuccessful programs. An article from Fast Company reviewed various health and wellness programs and found that successful wellness programs should be holistic in nature, taking into account every aspect of an employee’s wellness, to include the time when they aren’t at work. Including wellness incentives helps make this possible. With a health and wellness incentive program participants are rewarded for desired health and wellness behaviors. Points-based incentive programs lend themselves well to health incentive programs. For example, participants in a points-based health program could earn points for activities such as putting together a meal plan with a nutritionist, participating in a health screening, attending a company yoga class, setting up mental health sessions, using a step counter to monitor their steps, etc. Those points can then be redeemed in a rewards marketplace for merchandise, gift cards, and other rewards. It’s worth getting your wellness program right. Implementing effective measures will help your bottom line. For […]
Incentivize Health And Wellness For Your Employees
Many companies think that providing sick leave and health insurance is the end all be all of taking care of employee health, but there’s so much more that can be done. Creating a company health and wellness program is a fantastic way to improve employee health, but it can also raise company morale, work performance, and lower healthcare costs. When you strategically organize and implement a health and wellness plan, it can improve health, increase your sales, reduce employee absences, and lower workers’ comp/disability costs. Today, more than ever it is important to take workplace health seriously. To be effective, a health and wellness program requires high levels of employee participation. The secret to increasing health and wellness program participation is to include incentives. Not just any incentives will do. You need to choose the right incentives for your demographics at the right price point. Health and wellness program incentives reward suppliers can provide your company with batch and bulk visa prepaid cards, merchandise, experiential rewards, eGift cards, and other digital incentives to incentivize healthy behavior among your employees. Digital reward vendors, like All Digital Rewards, have the rewards incentives programs need and will be able to select rewards that […]
