Here at Working Person’s Store, we are always looking for effective ways to reward our team and provide meaningful incentives. Why? Because while pay is important to all of us, most of us also want to recognized as individuals – to know that our contributions and achievements, large and small, are appreciated by both the organization and its individual members. While a pay raise tells an employee that she or he is valuable to the organization, an incentive personally acknowledges individual achievements and demonstrates the organization’s commitment to each person that makes up the whole.
While job-related incentives have long been tied to workplace performance issues such as production, safety, and customer service, employers today recognize the tremendous benefits of providing employee incentives tied to personal health and wellness.
Because the cost of preventable health issues in America is incredibly high and the return on investment in wellness programs is stellar. The Incentive Research Foundation (IRF) reports in a 2011 study that the U.S. spends about $2.5 trillion per year on health care, and many experts suggest 75% of that amount is spent on preventable conditions. This means the savings potential of preventable health care is almost $1.9 trillion dollars per year! And companies that invest in preventative health and wellness programs can expect to save $3 for every one $1 they invest.
While the benefits of wellness programs are clear, how does a company convince its employees to participate?
According to the 2011 IRF study, cash, gift cards and merchandise are the most common incentives for wellness programs. And a 2012 joint study by the Incentive Gift Card Council and the IRF shows that when given a choice, survey respondents chose a prepaid gift card over cash five to one because gift cards afford greater control and personalization.
You can maximize your wellness program with gift cards from Working Person’s Store. By rewarding team members for wellness milestones and achievements with gift cards that enable them to purchase workwear, gear and footwear that is particularly valuable in your specific work environment, you are demonstrating a personal interest in both their health and day-to-day well-being. It’s an investment that creates goodwill, while improving both employee health and workplace productivity.