Calculator

Introduction

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.

Importance

1 - Very Important 2 - Somewhat Important 3 - Not Important
Employee Morale How important is it to the organization that employee morale be enhanced?
Cost Equity How important is it to the organization that the burden of healthy employees subsidizing unhealthy employees is reduced?
Health Improvement How important is it to the organization that the incentive program motivates employees to participate in the program and make an effort to improve health?

Confidence

1 - Very Confident 2 - Somewhat Confident 3 - Not Confident
Employee Morale How confident are you that adding incentives will boost morale?
Program Design and Management How confident are you that you will be able to design, implement and manage a complex incentive design structure without error?
Communication How confident are you that you will be able to develop and launch a communication campaign that will excite employees about the incentive and overcome most, if not all, concerns?

Priorities

1 - Top Priority 2 - Secondary Priority
Equity importance
Health importance
Morale importance
Design confidence
Communication confidence
Morale confidence