Using the WikiWIT Wellness Incentive Calculator involves three steps: 1. Confirming the relative importance of factors that may be impacted by financial incentives, your level of confidence in the impact of incentives on these factors, and the relative priority of these factors. 2. Choosing which incentive you would like to set first (participation, biometrics or tobacco use) and the rationale (participation level or cost equity) you would like to use in setting the incentive level. 3. Deciding if you would like to use default values for each of the values in the equation or setting your own. We need to warn you, all of this is a bit cryptic, both because this is our first iteration of the Calculator and because there are a lot of moving parts. We encourage you to read (or reread) the WikiWIT White Paper closely before using the Calculator.
Step 1: Employer Importance, Confidence and Relative Priority Ratings
Different employers will have different levels of confidence in their ability to design and manage an incentive program, their ability to communicate it effectively and the impact of the wellness incentives on morale. Their levels of confidence in these areas will impact the amount of the incentives they offer. For a more complete review of these concepts, see Sidebar #2, “Conceptual Variable on Employers Confidence and Priorities” on page 6 of the White Paper.
When you are ready, complete the questionnaire below for your organization. Note that the default settings are “Very Important” and “Very Confident” for all areas. You can change all, some or none of these values, based on your situation. When you click on the “Next” button at the bottom of the page, these values will flow into all of the subsequent equations. You can change these at any time but you must come back to this page to do so.
Click the “Next” button at the bottom of the screen to go to the Equations.