The Psychology of Rewards: 5 Ways to Maximize Your Budget

Investment in employee health incentives is steadily growing. According to a recent RAND survey, 84 percent of large companies use financial incentives, averaging $86 per employee per year. The sad truth is that much of this spending is squandered, as many incentive programs are divorced from the best modern research on what actually motivates people.

For this white paper, Jiff reviewed extensive psychological research and tested various incentive models with thousands of employees in real-world settings. Based on our experience, we distilled 5 lessons for managing a great employer-sponsored incentives program.