What is the health of your company?
Happier, healthier and more productive workplaces yields higher returns!
Happier, healthier and more productive workplaces yields higher returns!
“One of the best ways to attract and retain the best people in the world is to provide a set of benefits and rewards that are particularly appropriate for the people you are trying to attract.”
– Glenn Gienko, Executive VP and Director of HR, Motorola Corporate Wellness Makes Corporate Fiscal Sense
How do company Wellness Programs affect a business's bottom line? Does the benefit exceed the cost of the program? There is more and more research on the fiscal advantage of providing a corporate wellness program. Key Findings Employers who invest in worksite health promotion programs can see a return of $3-$6 for every dollar invested over a 2-5 year period. Documented savings are observed in medical costs, absenteeism, worker's comp claims, short-term disability and presenteeism (lower on-the-job efficiency due to employee health problems). American Journal of Preventive Medicine, Dec 2005. Over 600 articles analyzed the research and anecdotal evidence of the cost-effectiveness of worksite Wellness Programs. The review of 42 of these articles reveals a: 28% reduction in sick leave absenteeism. 26% reduction in use of the health care benefit. 30% reduced worker's comp claims and disability management. Reduced presenteeism losses. (Chapman L. "Meta-evaluation of Worksite Health Promotion Economic Return Studies", The American Journal of Health Promotion, 2003). A recent study showed that corporate fitness center participants had 1.3 days fewer short-term disability claims per year per employee than non-participants, and had fewer health risks. (Journal of Occupational and Environmental Medicine, April 2006) On average, health care claim costs for IBM employees who exercise 1- 2 times a week are $350 a year less than those who don't exercise at all. (Joyce Young, IBM's Well-Being Director in BenefitNews.com, Mar 2006) Your Corporate Wellness Initiative Makes Corporate Common Sense The bottom line is important, yet there are many studies documenting the intangible advantages of corporate Wellness Programs. In Conclusion Wellness Programs enhance and support an organization's core values and culture. There is a documented relationship between healthy employees and worker productivity. A recent study of 200 people at 3 major corporations revealed that an employee's quality of life, mental performance, and time management was 15% better on days when they exercised. A wellness program that contains a component on self-care and proper use of the health insurance benefit leads to a more cost-conscious work force. A high quality fitness and wellness program is an employee recruitment and retention tool. As more employers add wellness programs and on-site fitness centers to their benefit package, it is important to stay current and competitive. |
Your Corporation’s Solution to Wellness
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Nearly 60% of all companies and 95% of large companies have programs designed to
encourage individuals to take some responsibility for their health.
People spend more time at work today than any other place -
employers can use this captive audience to make some serious differences in peoples lives.
encourage individuals to take some responsibility for their health.
People spend more time at work today than any other place -
employers can use this captive audience to make some serious differences in peoples lives.
Four Facts of Corporate Wellness
1
Proven Approach While traditional (Western) medicine is focused on alleviating disease, the wellness approach encourages people to take responsibility for their own personal well-being. |
2
Saving Money An article from the Journal of the American Medical Association (AMA) notes after research study, the "wellness" approach produced a 17% decline in total medical / doctor visits and a 35% reduction in medical / doctor visits for minor illness. The participants in this study took part in a year-long self-care education program. |
3
Higher Productivity Research studies related to wellness indicate that Americans who take good care of themselves and make healthy lifestyle choices are healthier, happier, more productive, miss work less, and have lower healthcare costs. |
4
Healthy WorkPlace Employee Wellness programs have been introduced to businesses all over the US to make workers healthier and in turn happier. Companies benefit with increased productivity and a healthy work environment. |