The Secret Behind The Cost Of Wellness Programs
Think you know it all when it comes to healthcare costs? Think again.
It’s no secret that the rise in cost of health care is a stress on both companies and employees alike. Which is why many companies are searching left and right for ways to reduce healthcare costs.
Did you know that in 2005, almost 4 out of 10 employers incorporated wellness programs to their companies?
Companies that are receiving positive returns in their investments in wellness programs are spending around $100 annually per employee.
According to a study done by MetLife, companies are looking to get the following out of the cost of wellness programs:
- lower medical costs
- reduce employee absenteeism
- increase productivity
- boost employee engagement and retention
- continue to uphold the organizations reputation.
The RAND Corporation estimated that for every dollar a company invested in a wellness program, they got the return of $1.50. And the return for disease management was $3.80.
Companies that see value in the cost of wellness programs tend to have more focused and positive employees. If your employee is not leading a healthy balanced life, the chances that that employee might feel unmotivated and distracted at work are pretty high.
However, if that same employee makes some healthy lifestyle changes that are promoted by a wellness program, that employee will probably feel better. And having employees that feel mentally and physically well, changes everything.
Ask yourself this, do you see a difference in your attitude at work on the days you just roll out of bed and the days you wake up early and go for a run?
Don’t forget, mens sana in corpore sano, a healthy mind in a healthy body.
To get more information on the cost and benefits of wellness programs, contact us here or call us 800.425.4657
Cost Of Wellness Programs | Wellness Programs Cost