Fact 1 – Prevention
According to the Centers for Disease Control, the top 4 out of the 5 top illnesses of adults are Preventable – Heart Disease, Cancer, Diabetes, Obesity, and Hypertension. Moreover, 4 out of the 5 are linked to lifestyle and stress.
Fact 2 – Proven attrition rates
Healthy employees stay with your company. A study by Towers Watson and the National Business Group on Health shows that organizations with highly effective wellness programs report significantly lower voluntary attrition than do those whose programs have low effectiveness (9% vs. 15%).
Corporate Health & Wellness: 5 Facts
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Fact 4 – Lower overall healthcare costs
As the COVID-19 pandemic started to spread, the costs associated with healthcare have also increased. Employees have started taking more time off because of health-related concerns and the necessity of looking after loved ones. Employee wellness programs can act as a preventative measure that encourages individuals to prioritize their health, which reduces their need for prolonged medical care. There is available data that shows how other companies have benefited from a wellness program: for every dollar spent on a health plan, a business saves $3.27 on healthcare cost reduction.
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Fact 3 – For the HEALTH of your Team
According to Harvard Business Review, H-E-B’s internal analyses show that annual health care claims are about $1,500 higher among nonparticipants in its workplace wellness program than among participants with a high-risk health status. The company estimates that moving 10% of its employees from high- and medium-risk to low-risk status yields an ROI of 6 to 1.
Fact 5. – Leadership Presence
Although employee health correlates with financial health, workers won’t buy into a program that’s just about money. If the CEO makes time for exercise, for instance, employees will feel less self-conscious about taking a fitness break. When MD Anderson initiated its wellness program, president John Mendelsohn took walks throughout the building with wellness coach Bill Baun. For many, it was the first time the president had been in their work space or had shaken their hand, and he tended to start conversations with “How’s your wellness?”