As an employer, you want to find the best ways to encourage and motivate your employees without breaking the bank. Being cost aware yet effective is an important balance that can be difficult to find. This second installment of the Beyond the Dollar Series will focus on gym membership reimbursement.
How it works
Your company partners with a local gym facility to provide an incentive for employees to join and then you decide the terms for employees. It can be as simple as you reimburse the monthly gym fee (usually between $20 and $30) if they go to the gym a certain number of times.
The gym can help track the visits to ensure employees aren’t just writing down visits and present to you at the end of every month. You can then decide if you want to reimburse your team on a monthly, quarterly, or bi-annual basis.
How they benefit
Through the gym reimbursement, they are able to dedicate more time to their health and well-being without worrying about the cost involved. Research shows that people who participate in programs like this are actually three times as likely to exercise. Even more, those who participate are twice as likely to decide to renew the contract for the following year.
How you benefit
Immediately your team is grateful to you for providing this excellent feature. It provides the encouragement they need without the potential financial hurdle. But it doesn’t end there. As your employees begin to exercise more and become healthier all around, the more likely they are to be more productive at work. Overall office morale will improve, and people will be more motivated. Plus, health care costs will decrease as well.
All around win-win
While this does involve proper budgeting for the employees who meet the standards to be reimbursed, it’s still a relatively inexpensive way to motivate your team and help them become healthier. Certain healthcare providers have reimbursements in their policies, so you could also consider pursuing a new company to provide this perk.
Find employees with LaJoy Group today
When you need help for your staffing or home health care needs, you can trust LaJoy Group for results. Our methods ensure we find the best for you. Want to see what our strategic approach to service can mean to your business? Request an employee today!