It’s increasingly common for companies to fund programs to try to improve employees’ health. Corporate wellness spending climbed to $8 billion in 2016 – up from $1 billion in 2011, according to Damon Jones, a professor at The Harris School of Public Policy at the University of Chicago.
Corporate Wellness Programs are one way in which Companies seek to improve the work-life balance for their employees. Between 2011 and 2016 Corporate wellness spending in the USA rose from $1 billion to $ 8 billion with companies seeing the benefits of running a Corporate Wellness Program.
Are you considering implementing a corporate wellness program? Here are the top 6 reasons for doing so:
1.Improve Employee Health BehaviorsResearch has shown that with education delivered within corporate wellness programs, employees smoke and drink less, eat smaller portions, and exercise more frequently.
2. ROI on Corporate Wellness Investment A 2009 study by the American Heart Association saw an ROI on investment of between $3 and $15 for every dollar invested in Corporate Wellness Programs.
3. Reduced Health Care CostsResearch has shown that companies with corporate wellness programs see an average of 26% reduction in healthcare costs.
4. Improved ProductivityPresenteeism – which is Poor employee productivity with an employee being at work but not working is a problem many businesses face. Researchers from Bringham Young University found that Employees with unhealthy eating habits were 66% more likely to be unproductive, and those who didn’t exercise were 50% more likely to be unproductive than employees who ate well and exercised frequently.
5. Decreased Absenteeism
The 2009 Study also showed an improvement in Employee Absenteeism with businesses with a corporate wellness program showing a 28% decrease in Employee Absenteeism.
6. Improved Recruitment and Retention
Obviously Employees are being offered better and better packages today, with salary only forming part of the compensation package. Offering a Corporate Wellness Program can tip the scales in favor of an employee choosing your business, and well run wellness programs will inevitably help retain employees longer.
By implementing a corporate wellness program you are saying to your employees “We think you are an important part of this organization and we want you to be healthy, happy, and employed here for a long time”
Moira runs corporate wellness programs primarily with businesses employing 10-200 people. She will come in to your business and set up a wellness program where employees can workout from home, but receive coaching and advice on healthy eating, mindset and so much more.
If you’re interested – fill out the form below and Moira will be in touch.
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