Finished your step challenge? Now it’s time to celebrate! Announce your winners at a company meeting or lunch if possible. Everyone can share their success stories and swap tips to keep the great results going. Award your prizes but don’t stop there! Where else can you share the celebration? Don’t forget to share pictures and winners on social media, company intranet, email, or even have a photo album or framed picture for your lobby made to commemorate.
Don’t forget that cash and cash equivalent incentives (gift cards, gift certificate, bonuses, etc.) are taxable incentives. For the most part, your liability with this type of incentive is limited to the tax implications of giving discretionary employee compensation. Independent employee fringe benefits (free health risk assessments, merchandise, trophies, raffle items, etc.) are subject to rules issued by the Internal Revenue Service (IRS). To make sure these fringe benefits remain independent, be sure to not offer them in connection with your group health plan benefits.