Study after study shows that employees highly value their employers’ wellness programs. As a result, businesses have upped their investment into the incentives they offer. Yet, surprisingly, a growing number of employees aren’t taking advantage of those perks.
According to a recent survey by Fidelity Investments in Boston and the National Business Group on Health, employers have increased the amount of wellness-based incentives per employee to $693. That’s up from $594 in the previous year and a mere $430 in 2010. In companies that employ more than 20,000 employees, that number averages a whopping $878 per employee.
Contrast these findings with the fact that only 47 percent of employees claimed the full amount of their wellness incentives in 2014, and only another 26 percent earned a portion of what was available to them. The result is millions of dollars of unused incentives.
Companies’ next challenge will be to find ways to increase employee participation in employer-sponsored wellness programs and ensure they’re taking full advantage of the incentives available to them. For more information, you can read the full article on BenefitsPro.