“ The savings to your
company from intituting a health and wellness program are very real. The benefits go beyond monetary savings to include reduced
absenteeism, higher productivity, fewer injuries and increased morale”
- The
National Federation of Independent Business
Corporate wellness,
once perceived as a feel-good business practice, is now considered a bottom line driver, according to industry experts.
Most health care dollars are spent
managing diseases that are preventable. Shifting the focus to prevention and reduction of risk factors instead of funding
illness has an imposing upside. Companies now realize that a budget-shift from the funding of illnesses to the support of
wellness is in their best interest.
U.S. Healthcare
cost doubled from 1990 to 2001 and are projected to double by 2012.
- Partnerships for Prevention
In a meta-review
of 42 articles that analyze the research and ancedotal evidence of the cost effectivness of worksite wellness programs, there
has been shown to be a:
-
28% reduction in sick leave absenteeism
- 26%
reduction in use of the health care benefit
- An Average
of $5.93 to $1 return-on-investment
- Reduction of losses due
to decreased on-the-job effecicency
because of employee health problems.
-The American Journal of Health Promotion, 2003.
The annual health
care costs for adults who are overweight are 36% higher than for normal weight individuals.
-
Partnerships for Prevention
Employers who
invest in corporate wellness programs can see a return of $3-$6 for every dollar invested over a 2-5 year period. Documented
savings are observed in medical costs, absenteeism, work efficiency, and short-term disability.
-
American Journal of Preventive Medicine, Dec.2005
A study of 200 people at 3 major corporations revealed that an employee’s quality of life, mental performace,
and time management was 15% better on days when they exercised.