3 Critical Benefits of a Workplace Wellness Programs to Your Business

One of the primary purpose of any business is to make profit therefore optimizing the return on investment (ROI) of staff Healthcare plan therefore becomes a critical aspect of any business.

Here are 3 valuable benefits of a workplace wellness program

1. The Business gets to save on investments on health-related cost

 In a recent meta-analysis of the literature on costs and savings associated with wellness programs, researchers from Harvard University found that medical costs fall by about $3.27 for every dollar spent on wellness programs. Dr. Dee Edington of University of Michigan, a highly respected wellness program ROI expert, stated that companies that invest adequately in their wellness programs save at least 3 times their investment in health-related costs.

2. It improves employee engagement

A recent data released this year by Virgin Pulse, a market leader in the rapidly-growing employee health engagement category, showed that the top five factors affecting employee well-being are work stress, physical health, personal stress, financial concerns, and sleep. Findings from this report further supports that there is a strong link between employee well-being and engagement. A comprehensive workplace wellness program helps to address and better manage these factors affecting employee well-being.

3. It boosts productivity

Many researches suggest that employee productivity is where workplace wellness programs yield the greatest returns. One study done in Australia showed that healthy workers are 3.1 times more productive than others.

When a finely tuned comprehensive workplace wellness program is in place, everyone wins. You can choose to take a reactive approach to healthcare- where you pay for health problems after they develop and continue to see your healthcare costs climb- or you can take a proactive approach-where you invest in the health of your employees, trim healthcare costs, and improve employee engagement and productivity.

A comprehensive workplace program is not just a ‘nice-to-have’, it is a need-to-have’ because of the significant impact on the bottom-line. Clearly a proactive approach makes good business sense both for employers and employees.