Posts Tagged ‘corporate wellness’

Using Corporate Wellness to Cover the Cost of Stress

Thursday, March 28th, 2013

Stress in the American workplace is front and center for organizational leaders at companies of all sizes across the country. Management is constantly balancing the general stress that comes with work, and the negative effects that stress has on company culture and employee health. As corporate wellness initiatives gain prevalence as a solution to the cost of stress here are some staggering statistics that illustrate the importance of corporate wellness and stress management in the workplace.

  • According to the World Health Organization, the monetary cost of stress on American businesses is as high as $300 billion, and climbing
  • Recent studies from Harvard Business School indicate American employers spend 200-300% more for the indirect costs of health care, hit on costs of absenteeism, sick days, and lower employee productivity, than those companies spend on actual health plan costs
  • The CDC estimates that 75% of all health care spending is on chronic, but preventable illnesses

Statistics like these prove the case for corporate wellness in every workplace. No matter the size of your company, or healthcare budget corporate wellness proves out its ROI based on recent research. Using simple tactics like offering incentives to employees for healthy behavior that mitigates risk factors for preventable, yet costly stress related illnesses such as obesity, high blood pressure, or high cholesterol. Rewarding employees for reaching health and fitness goals, like weight loss, or reaching and maintaining a healthy cholesterol level fosters an environment of corporate wellness that indicate to employees that organization wellness is important. The incentives given do not have to be big. Small denomination gift cards to healthy retailers like Whole Foods Market, NutriSystem, and GNC can still fit well within your budget, and help control the budget by improving corporate wellness across the board. Stress is an epidemic in our country and our workforce, using corporate wellness is an easy way to combat stress and all get better together.

For more information on corporate wellness and combatting the effects of stress in our workforce check out this article from Ariana Huffington of the Huffington Post.

 

The author:

Rachel Merkin is a digital marketing professional . She has been exploring the worlds of social media and B2B gift cards since 2006. When she is not blogging, tweeting, or finding ways to leverage Facebook as a marketing tool, she spends as much time at the beach as she can.

Healthcare Reform’s Impact on Wellness – How to Incentivize Employees to Engage in Healthy Behavior

Wednesday, October 17th, 2012

CVS & GCP webinar: Healthcare Reform’s Impact on Wellness – How to Incentivize Employees to Engage in Healthy Behavior with

Jonathan Edelheit, Editor in Chief of Benefits Live Magazine, incorporating National Healthcare Reform Magazine, Vanessa Cullerton, Senior Manager of Employee Wellness for The Hillshire Brands Company, Stacey Nelson, Manager of Health and Welfare for Sprint, and Edward Shulkin, President of Gift Card Partners, Inc.

Healthcare Reform’s Impact on Corporate Wellness and How to Incentivize Employees to Engage in Healthy Behavior from Corporate Health & Wellness Association
The author:

Stacey Sicurella is a 15 year marketing veteran, working in the Boston area for GiftCard Partners. Recent accomplishments include blogging with abandon, acquiring work-life balance and building amazing sand-castles with her children.

Employer vs. Employee Perspectives on Employee Incentives

Wednesday, September 19th, 2012

One of the most important challenges that employers share is undoubtedly reducing health care costs,
while maintaining the perception of high healthcare value being offered to employees. But, employer
and employee perspectives can be greatly skewed.

  • Many employees are not aware of the strong connection between their health and their employer’s health care dollar (or even their own). Many are also less aware than their employer of the positive impact that small behavior changes can make on both sides of the health care cost reduction effort.
  • “2 out of 3 employees can’t estimate how much their employer spends on their benefits”…yet employers are footing most of the bill. This disconnect can leave employers AND employees feeling under-appreciated.  How can you improve these benefits communications? Read Are you Getting the Most Our of Your Benefits Package post; it includes links to how to invest in a benefits communication strategy and more…

Click the infographic below to enlarge and learn more perspectives on Employee Health and Incentives.

The author:

Stacey Sicurella is a 15 year marketing veteran, working in the Boston area for GiftCard Partners. Recent accomplishments include blogging with abandon, acquiring work-life balance and building amazing sand-castles with her children.

Caltech Study Points to Small Incentives & Rewards

Friday, July 13th, 2012

Thinking you can’t afford an employee incentive and rewards program? Incentives don’t have to be expensive and you can pair them with the financial needs of your employees.

A recent study from researchers at California Institute of Technology (Caltech) suggests that employees could “choke” if the stakes or rewards are high. They  liken this performance phenomenon to a sports event in which people become afraid of losing their reward. “It is a somewhat unexpected conclusion. After all, you would think that the more people are paid, the harder they will work, and the better they will do their jobs — until they reach the limits of their skills”, states Science Daily. However, these researchers have found that the more that is at risk, the more performance could be hindered, therefore demotivating and working against larger company goals. Digging deeper, their  research also revealed that “performance improved as the incentives increased — but only when the cash reward amounts were at the low end of the spectrum. Once the rewards passed a certain threshold, which depended on the individual, performance began to fall off.” This speaks volumes about “knowing thy employee”.

Interesting science that is easily parleyed into the concept of providing more incentives, in smaller amounts, like gift cards. Gift cards can be purchased in bulk in any increment, but cards like SUBWAY, Boston Market, and CVS at $20 or $30 per gift card offers your employees small incentives that they can really use. They will grab lunch on the way to their summer destinations, bring dinner home for the family and stock up on sunscreen and first aid for the season.

Source: ScienceDaily Online – Science News

The author:

Stacey Sicurella is a 15 year marketing veteran, working in the Boston area for GiftCard Partners. Recent accomplishments include blogging with abandon, acquiring work-life balance and building amazing sand-castles with her children.

Recruiting and the Lure of Health and Wellness Programs

Thursday, March 1st, 2012

We’ve done much writing on the popularity of incentives and utilizing “healthy gift cards” within workplace health and wellness programs, but one of the benefits of doing so is often overlooked by hiring managers: Recruiting and how attractive these programs are when interviewing.

Healthcare costs are a top concern for all American workers. A recent Towers Watson study found that 73% of employees are concerned about paying more for out-of-pocket health costs and co-pays and 53% of survey participants said they “would be willing to trade a portion of their pay in return for more generous benefits.” This certainly highlights the importance of healthcare initiatives to the potential employee.

Being able to communicate that you seriously heed these concerns, and are addressing them by adding and expanding employee programs and incentives to offset costs, gives you a competitive advantage when recruiting and hiring. Health and wellness programs aren’t just a feather in your benefits cap, or a way to decrease healthcare premiums over time, but; they are also an increasingly important component to then competitiveness of your benefits package as a whole.

For more of our blogs about corporate health and wellness and gift card incentives, check out our health and wellness blogs. To learn how CVS/pharmacy gift cards are utilized in corporate programs, check out our CVS Bulk Gift Card site.

Source: Employee Benefits News: Workers willing to trade pay for benefits

The author:

Stacey Sicurella is a 15 year marketing veteran, working in the Boston area for GiftCard Partners. Recent accomplishments include blogging with abandon, acquiring work-life balance and building amazing sand-castles with her children.

A Health and Wellness Cultural Revolution, Make Your Workplace a Part of it!

Friday, September 16th, 2011

This article was brought to our attention by GCP’s co-founder, Ed Shulkin (thank you Ed!).  It’s enlightening and heartening to know that there are companies out there that, like GCP, are
striving for a complete balance of work-life. This article outlines the importance of promoting 5 factors of well-being into the workplace lives: career, social, financial, physical and community well-being. BUT, the true gems of this article are in the depth of the interviews and stories of how these factors are integrated into the cultures of companies like Zappos.

From Return on Performance eBook

We are introduced to the concept of empowering workers’ real personalities to come forward, which allows hidden special talents to shine through, thereby creating a full-on well-centric workplace culture. Sounds like simple and basic HR-speak? Not if your one of these companies doing it right…it’s brilliant and often overlooked.

I hope this article inspires you to adopt a well-being workplace philosophy…summarizing won’t do it justice, read on:  Creating a culture of well-being by Return On Performance Magazine(ROP).

 

 

 

The author:

Stacey Sicurella is a 15 year marketing veteran, working in the Boston area for GiftCard Partners. Recent accomplishments include blogging with abandon, acquiring work-life balance and building amazing sand-castles with her children.