2. General trends
Wellness
FLSA
Variable comp
Fair Income
What are the trends
The big ending
We’ll be interactive
Agenda
3. Merriam-Webster Dictionary
Wikipedia
University of Miami
Is it financial?
Is it only physical health?
Is it a supplement for bikers?
Is it fruit at meetings?
Is it emotional?
Intellectual?
Does it vary with age?
Share some of your definitions
What is wellness?
4. More and more wellness programs are being offered
Almost every health insurance program has a “wellness”
feature
Disease management, gym memberships
Almost every retirement vendor offers “financial” programs
Employers offer walking trails
Encourage time off use
Tuition and education programs
Work-life programs
What is the trend?
5. Why is it so hard to operationally define?
A person’s concept of wellness will vary by who they are, what
they do, and what stage of life and employment they are in.
But in general you may offer wellness programs:
To control costs on your medical or pharmacy
To promote a culture (the wellness team)
Engage your population or “sell” the programs you offer
Simply as an ante or table stakes
How does it tie to Total Rewards
6. Who doesn’t know?
Ties to income debates?
Who is ready?
Good or bad?
Share some of your definitions
What is FLSA?
7. Regular updates ongoing?
Not new law but change and interpret existing laws
Audits? Lawsuits?
What is the trend?
8. Really? FlSA? How does it not?
More and changing regulations intersecting.
Counting incentives for “salary” test?
How does it tie to Total Rewards
9. Not base-ties to reward some behavior?
More pay at Risk?
Who is ready?
Good or bad?
Share some of your definitions
What is Variable Comp?
10. More and more move away from fixed costs
This includes benefits right
Low “assurance” rates
High “possible” rates
Includes non-cash
Gifts, trips, time off?
What is the trend?
11. How do I choose to reward?
What will be allowed?
What is fixed and what will flex?
How does it tie to Total Rewards
12. Tied to demographics?
Tied to job? (Teacher-nurse)
Tied to work structure (Executive – Entry level)
Share some of your definitions
What is fair income?
13. Lots and lots of talk
What is a market
Executive disclosure
Open pay records
Open postings
What are you employees agitating for?
What is the trend?
14. Philosophy
What is fair
What will be allowed?
What is fixed and what will flex?
How does it tie to Total Rewards
16. However you define it- it’s more
And because you can define it multiple ways and get multiple
“rewards” from offering a program – some expensive some less-
The count of programs and types will continue to grow and be
communicated more and more
The big ending
18. SHRM Future Workplace Trends
World at Work Research
Boost Engagement with Next Generation Wellness
Understanding and Managing Different Generations
Rewarding a Multigenerational Workforce
Top 10 Corporate Social Responsibility Initiatives
Corporate Wellness Programs-Healthier Employees Lower Costs
Your Company wants to make you Healthier
12 Companies with seriously impressive corporate wellness programs
Trends in next generation wellness programs
DOL-Rand Study on Wellness Programs
Advantages of Workplace Wellness
The Quiet Revolution on Variable Pay
Variable Pay Spending Spikes
FLSA Overtime Rules Finalized: What the new rules mean for your organization
Looming Dangers in FLSA Overtime Changes
Employee Disengagement: The floodgates have opened
NPR: A Portrait of the Middle Class
What Should be done about Executive Compensation
Resources
