Thursday, October 18, 2012
Companies will benefit greatly from adopting and looking after employee wellness programs. Employee wellness programs may include things like health risk assessments, onsite health screening, health coaching, alcohol and drug counseling, mental health assistance, safety on the job, preventing violence on the job and diversity education. The tangible advantages of employee wellness program which directly result in economic savings can best be viewed in these four areas:
1.Lowering of demand for medical services. Businesses that incorporate a staff member wellness programs enjoy significant savings on medical expenses and other connected costs.
2.Decrease in employee absenteeism. Simply put healthy employees miss less work. This really is another ingredient that makes employee wellness programs a really cost effective maneuver.
3.Reduction in on-the-job injuries and workers comp costs. Employee wellness programs that educate employees about workplace safety have fewer injuries on the job thereby lower worker's compensation costs.
4.Decrease in Disability Costs. Healthy workers are less likely to want disability care. With employee wellness programs educating employees on health issues such as heart problems, diabetes, mental medical issues and work related injuries, awareness leads to prevention.
While these four benefits are extremely persuasive in the argument for implementing employee wellness programs, there are many intangible benefits also. Increased productivity is one area that can be easily overlooked. Studies consistently demonstrate that employees who participate in a wellness programs will be more productive. Additionally, employees wellness programs help attract, recruit and support the more productive and effective employees.
Morale is boosted with employee wellness programs and employees feel more valued. They're also given a sense of ownership and so are encouraged to take control of their health. This makes the employee feel empowered. This adds to the increased productivity, but, more so, the positive attitudes and positive atmosphere which is created contributes to an overall better health.
When companies implement employee wellness programs they have a proactive way of employee health, this is a win-win situation. The organization wins with reduced tangible costs inside the areas of healthcare, disability, absenteeism, workers comp and disability management, however the employee wins by learning to lead a healthy lifestyle and how to be secure on the job. Employees use a better attitude toward their employer and they feel like a valued and important person in the corporate fitness team. Therefore, while companies may enjoy lower costs and greater personal savings, they will also keep the better employees and reduce money which is lost in training due to high turnover rates. Good employee wellness programs is an asset to a company and worth every penny that is spent on it.
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