Maximizing performance and improving financial results are a top priority for any employer. Healthy and productive employees are key factors in achieving top performance and controlling costs. Offering incentives to employees who take action towards maximizing their health is an initiative that can be a competitive advantage for any organization. Trends show that employers are sharply increasing strategic investments in incentive-based programs designed to promote healthy lifestyles.
ChipRewards offers employers an enterprise-wide solution that enables them to administer and communicate incentives for virtually any health or wellness behavior for an unlimited number of people in a specific and targeted fashion. ChipRewards provides the ability to reward multiple health and wellness actions simultaneously at the individual behavior level, and vary the incentives across any desired subgroup or segment of the employee population.
ChipRewards provides employers with an efficient mechanism to track desired behaviors. As a result, employers are able to assess the degree of participation and report on engagement levels in health, wellness, pharmacy, safety, recognition and productivity behaviors.
ChipRewards integrates a wide variety of data sources, allowing employers to validate employee engagement and response rates in desired behaviors. The system provides program managers the ability to modify and refine strategies based on actual results. ChipRewards’ professional services team, including behavioral scientists, can assist program sponsors throughout the implementation, launch and optimization phases to fine tune communications and incentive offerings to maximize desired outcomes.
The ChipRewards solution allows employees to view the promotions and activities available to them and track earned incentive points or dollars for each behavior that meets the established criteria. The employee’s relevant behaviors are converted to a pre-determined rewards currency, then recorded and stored in the employee’s personal online reward account. This is accessed through the member portal where the member may view their participation activities and see their rewards balance increase as they engage in each desired behaviors.
Further, the ChipRewards solution can be configured to support additional employer initiatives including safety, performance awards, recognition, etc. The platform provides a comprehensive view of all activities that can be tracked and rewarded throughout the employee population.