Corporate Wellness is quickly becoming one of the most valuable programs that an employer can offer their employees. Learn why:
- The cost of poor health within the workplace has reached $11,000 per employee per year, according to U.S. Department of Labor. To make matters worse, research studies have also found that the costs of decreased productivity due to health conditions often exceed the direct costs consumed in treating them. Keeping your employees healthy is strategically important to your company’s bottom line.
- Keeping your employees healthy is all about motivating and equipping them to maintain or improve their lifestyle, avoiding the costly chronic diseases that plague the nation. According to the World Health Organization, increased physical activity, a healthy diet, and avoiding tobacco can help to prevent the majority of chronic diseases, including 80% of heart disease and stroke, 80% of type 2 diabetes, and 40% of cancers.
- According to the National Business Group on Health, the flu costs businesses approximately $10.4 billion annually in direct medical costs. In addition, unvaccinated employees that get the flu account for 39% of all illness-related workdays lost. As stated by the CDC, yearly flu vaccinations are the first and most important step in flu prevention.
- Most studies show that for every $1 spent on wellness, the employer receives $3-4 benefit, effectively paying for the program a few times over. Through valuable corporate wellness programs, companies are able to reduce health insurance costs, increase employee productivity, and increase recruitment potential. Investing in the wellness and health of your employees effectively improves the business’s bottom line.