It’s time to rethink workplace exercise incentives involving cash.
New research shows money does little to motivate gym visits, even among people who have the intention of exercising more.
The experiment, conducted by University of Wisconsin-Madison researchers and published in the National Bureau of Economic Research, randomized about 800 new gym members into four groups.
The control group received $30 after six weeks, unconditionally. The other groups were rewarded for going to the gym at least nine times in the first six weeks of membership — with a $30 Amazon gift card, a $60 Amazon gift card or an item of their choosing from Amazon worth about $30, respectively.
Participants who were promised rewards made just 0.14 more visits to the gym in the first six weeks, on average.
Beyond that, the financial incentives had “no effect on their subsequent visit trajectories.”
It’s actually not that surprising that money isn’t a significant motivator. HR experts have known for a long time that “cash isn’t necessarily king,” as SHRM put it in 2003.
A big problem with cash rewards is that they don’t reinforce brand loyalty, according to SHRM. And because a gift of money has no value or meaning beyond its cash value, financial rewards can quickly lose motivational effect and become an entitlement.
Behavioral economist Dan Ariely argued in his 2016 book “Payoff” that financial incentives “aren’t the be-all-end-all when it comes to motivation,” Business Insider reports.
In fact, Ariely and his colleagues conducted a study that found workers who received financial bonuses for their performance ultimately performed worse than workers who received compliments or pizza from their boss.Read More
“Today’s workforce is decidedly multigenerational,” according to AccountingWeb article “How to Make the Most of a Multigenerational Workforce.”
“If you walk into any office or firm, on any given day, you’ll find Baby Boomers on the cusp of retirement working side by side with Generation Xers staking out new leadership roles and Millennials eager to make their mark,” writes columnist Deanna Arteaga.
Ensuring that your employee appreciation accounts for all ages and generations helps foster a workplace-wide culture of gratitude.
It can also help avoid serious issues like agism in the workplace, an issue for older workers especially, according to Financial Times.
As one 52-year-old recalls of working in a tech start-up where the average age was 26, “I had this really big blog, I was internet famous, I had developed a TV show and worked in Hollywood, and they were like, ‘Wow, you can use Twitter?‘”Read More
It’s August already — time to start planning your annual corporate turkey gifts for Thanksgiving and Christmas!
Early planning gives you and your team more time to focus on what really matters at the holidays: sharing your gratitude with staff, volunteers and customers.
Let gThankYou take care of the logistics this year.
gThankYou! Turkey Gift Certificates make it easy and convenient to share corporate turkey gifts.
Our turkey vouchers carry on the appreciated tradition of giving employees a Thanksgiving turkey, without the hassle of storing and handling a large number of frozen birds.
gThankYou! Turkey Gift Certificates are redeemable for any brand and any preparation of whole turkey, at virtually all major U.S. grocery stores.
Plus, all gThankYou! Turkey Gift Certificates come with customizable Enclosure Cards — absolutely free! It’s the easiest way to wish a “Happy Thanksgiving!” to the people in your workplace and express your sincere appreciation for their contributions.
Givers and recipients alike love gThankYou! Turkey Gift Certificates. They’re easy, practical and, best of all, meaningful.
A turkey is the centerpiece to the most gratitude-focused holiday of the year. The gift of a Thanksgiving turkey shows your recipients that you care about them and their family. When they sit down to their annual Thanksgiving feast, surrounded by family and friends, they’ll be grateful for you and your organization, too.Read More
Workplace friendships used to be commonplace.
Now workplace experts say they’re beginning to make a comeback, particularly among men — and that’s good news for organizational culture.
With World Friendship Day coming up on August 6, take a moment to consider the important role of workplace friendships at your company. It’s a great time to plan low-key but engaging activities that celebrate friendships among employees and coworkers.
Workplace friendships don’t have to come at the expense of meeting work goals, according to Fast Company.
One study showed that “skipping the small talk and focusing on self-disclosure and nonwork-related topics can forge a closeness that makes coworkers more collaborative, productive, and accountable.”
Discussing success with colleagues is motivational, another study found. These are workplace conversations that can only happen in a culture that values and supports friendships.
Social and economic factors over the last 50 years have pushed Americans toward a workplace culture that devalues friendship and focuses at any cost on “getting down to business.”
The cost of this shift has left us with record-low employee engagement — still around 30 percent, according to Gallup. But there are signs the culture is shifting back. Workplace friendships could once again be the norm.Read More
It’s one of the main reasons managers give for not thanking employees.
I just don’t have the time.
That’s a shame, because in the long run a robust employee appreciation program actually saves time. Employees who feel appreciated are more productive, and retention goes up.
This is especially true at the holidays, when time is at a premium.
Don’t let a time crunch keep your company from having a great holiday turkey gift program! Begin your planning now. gThankYou makes it easy to share the gift of a Thanksgiving Turkey with Gift Certificates for any brand, any preparation of whole turkey, redeemable nationally at major grocery stores.
August is the ideal time to start planning your Thanksgiving turkey gifts.
If you plan now, the logistics will be taken care of — and you’ll have time to focus on what’s really important: sharing your Thanksgiving turkey gifts with a meaningful, thoughtful message of gratitude.
The sooner you have your program logistics in place, the more time you’ll have this holiday season for augmenting your holiday turkey gift program with personalized greetings, holiday parties and seasonal employee engagement activities.
And at the heart of it, you’ll be sharing a gift that evokes gratitude, family togetherness and the joy of the season. A turkey centerpiece is the perfect gift for busy working families who value convenience and time together! It’s practical as well as meaningful.Read More
The dog days of summer are here, and your staff could use a little extra engagement. Now’s the time to bring the team back together from their summer distractions with a late-summer employee cookout.
Workplace productivity drops 20 percent during the summer months, team projects take 13 percent longer to complete and workers are 45 percent more distracted, according to Entrepreneur.
Push back against those disengagement tendencies by embracing summer fun in a way that reinforces and builds team dynamics.
“Summer barbecues are a must,” Entrepreneur’s Zeynep Ilgaz writes.
An employee cookout is affordable and straightforward to plan, and a low-investment, high-yield activity when done right.
Employees enjoy the break from routine and the chance to bond with coworkers and management in a social setting — then return to work rejuvenated and refocused. Everyone wins!Read More