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A New Way to Beat the Market: Invest in Workplace Wellness


“Simple things can include healthy foods, provide smoking cessation programs, teach stress management, change stresses in the environment,” Goetzel explained. “But it’s got to be genuine.”

http://www.psychologicalscience.org/index.php/news/minds-business/a-new-way-to-beat-the-market-invest-in-workplace-wellness.html

A New Way to Beat the Market: Invest in Workplace Wellness - Association for Psychological Science

A New Way to Beat the Market: Invest in Workplace Wellness - Association for Psychological Science

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"In a series of experiments published in Psychological Science, Tannenbaum and colleagues had participants read about a fictional company grappling with employee health-care costs. They could choose either a “carrot” approach to help incentivize employees to lose weight (receiving a $500 discount for maintaining a healthy weight) or a “stick” approach (paying a $500 penalty for being overweight).

The data showed that framing incentives in terms of penalties may have particular psychological consequences for affected individuals: People with higher body mass index (BMI) scores reported that they would feel particularly stigmatized and dissatisfied with their employer under the three “stick” plans."

I wonder about the legal aspects of "stick" plans. To what degree can a company penalize employees for any behaviors that are outside the realm of the company's purpose? And how far can a company go to monitor compliance — breath/smoke analyzers as employees come into work?

I wonder about that too. Not sure. 

I wouldn't want to be on the receiving end of finding out the extent of control my employer tries to exert. Is "blowing a gasket" meant to be strictly rhetorical?

Yeah, I see what you mean. I wouldn't want to be on the receiving end either!

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