IncentOne Introduces Employee Power
Healthcare costs have increased by double digits over the last four years, causing significant financial increases for employers to absorb. While employers pay for healthcare, employee behavior drives the cost. IncentOne, a provider of award-winning incentive solutions, introduces Employee Power™ -- the first integrated incentive solution designed specifically for corporate wellness and healthcare cost reduction programs. Employee Power is specifically designed to help companies address the key employee-related drivers that impact the bottom line.
New York, NY (PRWEB) January 27, 2005
IncentOne, a provider of award-winning incentive solutions to the Fortune® 1000, introduces Employee Power™ – the first integrated incentive solution designed specifically for corporate wellness and healthcare cost reduction programs. Using IncentOne’s proven incentive platform, Employee Power combines IncentOne’s proven incentive management system with its industry leading reward portfolio to specifically target wellness and healthcare cost reduction programs. Employee Power provides employers with pre-determined wellness programs and recommended incentive levels to drive behavior through a client-branded, Internet-based solution.
“When we think of critical business objectives, none are more prominent with CEOs and Senior Human Resource executives than healthcare costs,” according to Michael Dermer President and CEO of IncentOne. Dermer goes on to state, “It is no secret that companies are aggressively looking for ways to drive healthcare costs down. Employee Power leverages our proven platform to offer the first incentive solution designed specifically to support these efforts. Incentives can be a critical tool for influencing employees to make positive healthcare decisions and stimulate activities, such things as completing a health risk assessment.”
“Study after study shows the clear impact of incentives in creating employee buy-in,” said Dan Horne, professor of Business at Providence College in Rhode Island and an expert on how organizations use incentives to motivate employee behavior. “When you combine intrinsic rewards like better health with extrinsic awards, you have a powerful tool to affect a positive change in behavior. That change can result in improved health, morale and ultimately a significant savings in health related costs.”
Employee Power not only enables companies to drive specific behaviors that reduce healthcare costs for employers via incentives, it provides companies the ability to organize, manage and track all program activities. Using Employee Power, managers issue incentive awards for achieving healthcare objectives and employees redeem those awards for the rewards of their choice from IncentOneÂ’s reward portfolio of gift certificates and gift cards from hundreds of national retailers, thousands of items of brand-name merchandise, award-winning travel packages, personal services and phone cards.
IncentOneÂ’s Employee Power is provided directly to employers as well as to health industry partners such as insurers, brokers, wellness companies, benefits providers and administrators through its Partner Program.
Since 1997, IncentOne has provided integrated reward, recognition and incentive solutions to clients ranging from the Fortune® 1000 to small business, including half of the Fortune® 50. IncentOne’s solutions combine its proven incentive platform with the industry’s most comprehensive reward portfolio and Best Practices to provide companies with a tool to drive business objectives. IncentOne’s solutions are used to target objectives ranging from retention, performance improvement, customer acquisition and retention, safety and wellness. IncentOne currently works with hundreds of clients including GE, Deloitte, ADP, the United States Postal Service. For more information, please visit the Web site at www. incentone. com or contact Tristan Panasik, (201) 372-9250 ext. 333 or tpanasik@incentone. com.
Contact:
Tristan Panasik
201) 372-9250 Ext. 333
Tpanasik@incentone. com
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