Call Us 239.542.7101 ☰ ˟
239.542.7101
Logo
  • Home
  • What We Offer
    • Business Insurance
    • Workers Compensation
    • Liability Insurance
    • Bonds
    • Commercial Auto Insurance
    • Employee Benefits
    • Business Life & Disability
    • Life Insurance
    • Personal Insurance
    • Specialty Programs
    • HR Support
  • Client Services
    • Client Services
    • Make a Payment
  • News & Information
    • Newsletters & Alerts
    • Disaster Relief Links
    • Safety Resources
    • Helpful Links
  • Blog
  • About Us
    • About Premier Insurance
    • Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Home > Blog > Employers are upping the ante on employee wellness programs
MONDAY, MAY 14, 2018

Employers are upping the ante on employee wellness programs

Employers are upping the ante on employee wellness programs

Not only are companies planning to expand existing programs, but they’re increasing incentives to entice workers to buy into such programs.


It’s becoming more tempting for employees to take part in employer-offered well-being programs, as bosses increasingly add or expand such programs and boost rewards offered to employees who participate.

That’s according to the ninth annual Health and Well-Being Survey from Fidelity Investments and the National Business Group on Health, which finds that not only are companies planning to expand existing programs—67 percent, in fact, plan to do so over the next 3–5 years—but they’re upping the ante to entice workers to buy into such programs.

In fact, 86 percent of employers are already offering financial incentives to workers, and the size of those incentives has already grown substantially; the average incentive amount increased to $784 for 2018, up from $742 in 2017, and a 50 percent increase from the average of $521 in 2013.

 

And it won’t stop there, considering that 29 percent of employers say they intend to boost those incentive dollars offered to employees over the next 3–5 years.

Employers are really putting a lot of muscle behind well-being programs, despite recent reports that downplay their effectiveness in helping employees. In fact, Robert Kennedy, senior vice president, Fidelity Benefits Consulting, is quoted in the report saying, “The fact that companies continue to dedicate an increasing amount of resources to their corporate well-being programs indicates they are having a positive impact on overall workforce performance.

Kennedy adds, “These programs have evolved beyond traditional health and lifestyle activities to now include elements of financial security, social/emotional well-being, and even job satisfaction. An employer’s well-being programs are now overwhelmingly viewed as a platform to improve employee engagement, increase worker productivity and reduce absenteeism.”

The survey indicates that such evolution is still underway, with 67 percent of companies planning to expand well-being initiatives over the next 3-5 years to include programs not specifically focused on physical health. Not only do they already offer traditional health-focused programs, such as weight management and smoking cessation, 92 percent of employers are adding emotional health programs; 90 percent already offer financial wellness programs, such as debt management and budgeting.

Other offerings gaining popularity include stress management training (77 percent), community involvement/volunteerism activities (72 percent) and social connectedness opportunities (60 percent).

Premier Insurance can help you design a Workplace Wellness Solution that meets the needs of your business and employees- it's not a one size fits all solution, so having and experienced partner to plan and execute you Wellness Solution will make sure it is money and time well spent!  To stay competitive as an in demand employer, and to keep your valuable employees, it is increasingly necessary to offer thee types of programs.  Call us today 239-542-7101!

Posted 9:00 AM

Tags: workplace wellness, employee benefits, how to design a workplace wellness solution, does wellness work?
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013

  • employee benefits(106)
  • business insurance(99)
  • fort myers insurance(80)
  • insurance(72)
  • fort myers business insurance(55)
  • cape coral insurance(45)
  • cape coral(42)
  • fort myers(42)
  • workers comp(41)
  • wellness(38)
  • business(32)
  • health insurance(32)
  • covid-19(28)
  • motivational monday(22)
  • workers compensation(21)
  • wellness wednesday(21)
  • coronavirus(19)
  • health(19)
  • group health(16)
  • fort myers employee benefits(16)
  • commercial insurance(15)
  • hr(13)
  • cape coral business insurance(11)
  • group insurance(10)
  • group benefits(9)
  • liability(9)
  • cape coral employee benefits(8)
  • life insurance(8)
  • fort myers workers compensation insurance(8)
  • funny friday(8)
  • workers compensation insurance(8)
  • corona virus(7)
  • cyber security(7)
  • general liability(7)
  • osha(7)
  • group health insurance(6)
  • health insurance fort myers(6)
  • auto insurance(6)
  • epli(6)
  • benefits(6)
  • employee benefits design(6)
  • hurricane(5)
  • cyber liability(5)
  • business insurnace(4)
  • hurricane season(4)
  • lee county business insurance(4)
  • compliance(4)
  • florida(4)
  • hurricane preparedness(4)
  • aca(3)

View Mobile Version
Logo
Quick Links
Home Business Insurance Personal Lines Make A Payment Report a Claim About Premier
Refer A Friend Our Carriers Blog Disaster & Safety Resources Helpful Links Contact Us
Location
1326 Cape Coral Parkway E
Suite 1
Cape Coral, FL 33904

P: 239.542.7101
F: 239.542.0693
Social Social Social Social
© Copyright. All rights reserved.
Powered by Insurance Website Builder