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Employers 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.

By Marlene Satter | Updated on May 03, 2018

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 three to five 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 the incentive dollars offered to employees over the next three to five years.

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