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A Shift in Thinking To reap the full benefits of any health tracking program, however, experts encouraged organizations to broaden the definition of wellness beyond just physical health to also include emotional, social and financial wellness, among others.

“The pipeline is very full of weight-loss drugs, and [the] pharma [industry] is focusing on this class of drugs — it won’t be going away anytime soon,” Midlam said.

The manufacturer avoided this pitfall by clearly defining the core seller’s focus — selling a full portfolio of products at the right price to the assigned customer — before designing their pay-for-performance plan.

Additionally, the partnership also can harness the full potential of data, Turba said, such as: ;Spotting retention risks before they become exit interviews.; ;Identifying high performers before competitors poach them.; ;Tailoring rewards before employees even think about leaving.; “The collaboration between IT and HR/TR is not just about combining resources — it’s about creating a more integrated, efficient and forward-thinking organization,” she said.

HR professionals, acknowledging workers’ financial concerns while struggling to balance tighter budgets, listed increasing revenue and reinforcing the full value of total rewards packages as strategies they plan to employ moving forward, according to a recent report from the Society for Human Resource Management (SHRM).

One of those other portions, the Employer Shared Responsibility Provision , requires certain employers to offer affordable minimum essential health coverage to full-time employees and their dependents, or else pay a tax penalty, Lowe explained.

Still, the full potential for narrow AI in a broad range of applications is largely unrealized.

Determine how reward programs, such as base pay, sales compensation, contests/spiffs and recognition programs, align within the full sales enablement envelope.

Back to Basics, With a Twist For employees who may not need (or be ready for) a full financial plan or have assets that necessitate investment advice, benefits like financial therapy (examining the psychological and emotional drivers of financial decisions), financial coaching (providing professional guidance to help build healthy money habits) and financial education (focusing on knowledge and literacy) can be more appropriate steps on a path toward financial security.

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