Boston, MA February 18, 2011: I Love Rewards, the leader in employee rewards and recognition solutions, announces how to reduce health care costs, absenteeism, and turnover by incorporating wellness into an overall recognition strategy.
“Wellness programs are a powerful tool for employers and a great benefit for employees, but usually have shockingly low participation rates,” says Razor Suleman, CEO and founder, I Love Rewards. “Incorporating rewards and recognition motivates more people to get on board and allows employers to take advantage of the full ROI that a wellness program offers.”
The Journal of Occupational and Environmental Medicine found that poor employee health status results in a 5% to 10% decrease in overall productivity. Most U.S. employers implement wellness programs as a solution that offer discounted gym memberships, health screenings, tobacco cessation counseling, nutrition seminars, and improved food plans, but many cannot take advantage of the benefits due to minimal participation. Introducing a reward and recognition component into wellness programs is a strategic decision that boosts participation and allows companies to benefit from reduction in health care costs, decrease in absenteeism, and less employee turnover.
A survey by Fidelity Investment and National Business Group on Health found that the average employee wellness incentive rose 65% last year. I Love Rewards offers programs that are customized to drive employee engagement and alignment to corporate objectives, including participation in wellness programs. Incorporating rewards and recognition into a program allows employers to attain a much greater return on investment.
I Love Rewards’ award-winning platform is available to organizations of all sizes looking to drive employee participation in wellness programs. The interactive platform provides performance-based recognition in the form of points that can be redeemed for meaningful rewards including Apple electronics, Visa Reward Cards, and Expedia travel.
About I Love Rewards:
I Love Rewards is an employee recognition solution that helps companies recognize brilliant performance and empowers employees to choose their own rewards. Unlike traditional service award programs, I Love Rewards creates authentic moments of recognition that resonate with workers of every generation. I Love Rewards’ clients include 3M, Eli Lilly, Marriott, ConAgra Foods and Health Now. Find us on the web at www.iloverewards.com
This press release was distributed through PR Web by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.