For well over a decade, research has been showing the effectiveness of Corporate Wellness Programs. For every dollar spent on Corporate Wellness Programs, the returns have been cost savings of between $2.30 and $10.10 in the areas of decreased absenteeism, fewer sick days, reduced WSIB/WCB claims, lowered health and insurance costs, and improvements to employee performance and productivity.
Statistics do show that Corporate Wellness Programs increase employee morale, improve the ability to attract and retain key employees, all while having more alert and productive staff members. Some Corporate Wellness Program ROI statistics of note:
• Canada Life Insurance reported a return of $3.43 on Corporate Wellness Program, and an overall Corporate Wellness Program ROI of $6.85 on each corporate dollar invested on reduced turnover (32.4 percent lower), productivity gains and decreased medical claims,
• DuPont’s Corporate Wellness Program pilot sites saw a saving of 11,726 disability days and a return of U.S. $2.05 for every dollar invested by the end of the second year,
• The Canadian government’s Corporate Wellness Program ROI was $1.95-$3.75 per employee per dollar spent (as found by Dr. Roy Shephard),
• Municipal staff members in Toronto, missed 3.35 fewer days in the first six months of their Corporate Wellness Program than staff members not enrolled in the program,
• British Columbia Hydro staff members enrolled in a Corporate Wellness Program had a turnover rate of just 3.5 percent compared with a Business average of 10.3%,
• Johnson & Johnson estimated an average saving of U.S. $224.66 per employee per year for the four years examined after the program introduction, with the bulk of the savings being in the third and fourth years,
• Pacific Bell found that overall absenteeism decreased after implementing a Corporate Wellness Program,
• Coca Cola report saving $500 every year per employee after implementing a Corporate Wellness Program, with only 60 percent of their staff members participating,
• Coors Brewing Co. found that for each dollar spent on their Corporate Wellness Program they saw a $5.50 return, and the staff members who participated reduced their absentee rate by 18%, and
• Prudential Insurance Company found that the benefits costs for staff members participating in their program were $312, as opposed to $574 for non-members