BENEFITS OF HAVING A WELLNESS PROGRAM
For over a decade, research has been showing the effectiveness of Employee Wellness Programs. For every dollar spent on a Corporate Wellness Program, the returns have been cost savings of between $2.30 and $10.10 in the areas of decreased absenteeism, fewer sick days, reduced WSIB claims, lowered health and insurance costs, and improvements to employee performance and productivity. Additionally, a healthy organization increases employee morale, improves the ability to attract and retain key people, all while having more alert and productive employees.
A healthy lifestyle impacts every part of your day-to-day work environment. Corporate Wellness Programs translate into fewer injuries, less human error, and a more harmonious office environment. They also let you know that your organization is concerned about your general health and well-being.
A good Corporate Wellness Program will also help reduce stress, which the United Nations has called "the 20th Century Disease." A large majority of office workers complain that their job is stressful - a problem that affects all levels within an organization.
Some statistics of note:
- Coca Cola report saving $500 every year per employee after implementing a fitness program, with only 60% of their employees participating
- Pacific Bell reported that overall absenteeism decreased after implementing a program
- Coors Brewing Co. reported that for each dollar spent on their Corporate Wellness Program they saw a $5.50 return and the employees who participated reduced their absentee rate by 18%
- Prudential Insurance Company reported that the benefits costs for employees participating in their program were $312, as opposed to $574 for non-participants
- In August 2001 the Globe and Mail reported that Husky Injection Molding Systems Ltd. of Bolton, Ontario spends more than $4 million annually on employee benefits at a time when most companies are considering cutting back. The program pays for itself in higher productivity and staff retention, and ultimately in lower costs.