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Health Reward Stat of the Day – June 4

money and steth pic

According to a 2014 survey by bSwift, larger incentive dollars drive greater employee participation (Figure 5). Only 6% of employers using incentives of $50 or less have participation rates greater than 50%.  Incentive amounts greater than $500 are typically necessary to drive high participation rates.  However, a distribution of engagement results still exists within each incentive tier, so incentive design and communication do significantly impact results. For example, 17% of employers offering incentives larger than $1,000 still have participation rates of less than 50%, so HR leaders cannot rely on incentives alone to deliver the engagement rates they seek.

  Less Than 25% 26% to 50% 51% to 75% Greater than 75%
Less than $50

61%

33%

0%

6%

$50 to $249

30%

39%

20%

11%

$250 to $499

5%

45%

33%

18%

$500 to $1,000

0%

36%

32%

32%

More than $1,000

0%

17%

44%

39%

 

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