a survey from the national business group on health and fidelity asked employers to shed some light on their approach to incentives.
based on phone surveys and responses from 121 companies, NBGH and fidelity learned:
- incentive amounts have risen at all companies. the average incentive for companies with between 5,000 and 20,000 employees is now $661, up from $493 in 2014. companies with more than 20,000 employees offer $878, on average, up from $717.
- planned use of penalties for not completing a health risk assessment or getting one’s biometrics is experiencing a downward trend. planned use of penalties for not quitting tobacco or completing a tobacco cessation program remains unchanged.
- fewer than half of employees (47%) collected any incentive and 26% collected a partial amount.
the percentage of employees disregarding wellness programs has remained fairly constant, despite the rising dollars on the table. while fidelity calls increasing participation “the next challenge,” i’d say it’s an old and ongoing one, and one not necessarily solved through incentives.
read the official press release.