Benefits of Corporate Wellness Programs
Benefits of Corporate Wellness Programs: Easy to Find
Employer’s are learning that Corporate Wellness Programs is an effective way to increase productivity, improve employee health, decrease medical costs and reduce absenteeism.
A report published in 2003 by the United States Department of Health and Human Services (HHS) highlighted how important it is for employers to incorporate Corporate Wellness Programs as part of their corporate strategy. The report asserts that chronic diseases which are largely preventable place a heavy toll on business, including lower productivity and higher health insurance costs.
The Department of Health and Human Services estimates that $1.66 trillion was spent on health care in 2003 and it attributes a majority of those costs to chronic diseases and conditions such as heart disease, diabetes, obesity and asthma. Sadly, the money allocated for preventing or controlling these conditions is negligible.
In a recent article, American Cancer Society CEO John Seffrin reported two thirds of cancer deaths in the United States could be prevented through lifestyle changes in diet, physical fitness, cancer screening and “especially” tobacco use. A well-designed Corporate Wellness Programs initiative serves the best interests of staff members and employers alike.
Benefits of Wellness Progams: Return On Investment (ROI)
Ron Goetzel, a nationally recognized expert in the science of health management, information analysis and applied research, said in a recent interview that with an investment of $100 to $150 per employee per year in Corporate Wellness Programs, an employer can expect an average ROI of approximately $3 for every $1
invested ($300 to $450 savings per employee per year). Goetzel says, however, that these returns are not typically found until two to three years into the Corporate Wellness Program.
Benefits of Wellness Progams: Tax Breaks
Sen. Tom Harkin (D-Iowa) has been an outspoken proponent in seeking legislative solutions for a strained medical system.
“As a nation, we have a ‘sick care’ system that is focused on helping employees after they get sick, rather than a ‘health care’ system which focuses on keeping healthy employees healthy,” he says.
Harkin introduced the Healthy Lifestyle and Prevention (HeLP) America Act of 2004. One of the initiatives under Title II – Healthier Communities and Workplaces, provides tax credits to employers that offer broad-based programs to promote employee health and grants for small business.
Benefits of Wellness Progams: Getting Started
Implementing a Corporate Wellness Programs can be accomplished with simple, low-cost strategies.
• Offer incentives for participation.
• Establish a wellness informational campaign.
• Schedule wellness seminars on diabetes, nutrition, physical fitness and cholesterol.
• Establish initiatives such as fitness, sleep diary, tobacco use cessation and injury prevention.
• Offer onsite chair massages or simple stretching exercises to do at the desk.
• Change vending machine options to offer healthier, low-fat snacks and drinks.
• Actively promote employee participation in all Corporate Wellness Programs.
A successful Corporate Wellness Program can boost business morale, enhance productivity, reduce organizational conflict, attract superior workers and decrease the rate of employee turnover. The case for beginning a Corporate Wellness Program is well worth the effort.