If budgets and your office slacks are fitting tighter than ever this year then the answer may be implementing a corporate wellness program. The focus on employee health has increased over the years, especially as more and more statistics are pointing the savings to be had from a healthy workplace.
Consider this, in the past decade alone employer-sponsored health insurance premiums have increased by 119% and for ever dollar a company spends on worker medical/pharmacy costs, employers absorb two to three dollars of health-related productivity costs. Now when it comes to sick employees the trend continues to add up in dollars. While absenteeism can reportedly cost a company upwards of $100 billion, those employers working through their sick days can cost even bigger bucks in terms of lost productivity at $150 billion annually.*
It’s no wonder corporate wellness programs seem like the golden ticket to saving money. But in order for your corporate wellness program to be successful it’s important to remember that the focus should be placed on the well being of your employees and providing a healthier work space and less about controlling costs.
We drill down the Top 5 Corporate Wellness Trends to Consider in 2015 here.
*Encouraging healthy behaviors is good for your bottom line white paper, Hallmark Business, click here for full white paper.