If gym memberships are a waste of wellness dollars (see Rand Study and IL Wellness study) , why not give a smaller after-tax amount for people to spend on what they want. One idea is equipment. Give employees $150 to buy running shoes, ski poles, yoga pants, entry fees to races, or new … Continue reading A Wellness Alternative
Corporate Goodwill
A study published in NBER last month has some interesting implications on workplace wellness programs. While only a one year study, it's unique since it's the only comprehensive randomized controlled trial on wellness. 1) There are diminishing returns on wellness incentives and it is lower than most think (after around $200 there isn't much … Continue reading Corporate Goodwill
