Employee wellness programs are becoming an increasingly integral part of employee benefits plans and incentive programs. There are a lot of factors to consider when deciding if an employee wellness program is going to work for your staff, but here are three simple facts about employee wellness programs to help you begin your evaluation.
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- Wellness programs are easy. Employee wellness programs don’t need to mean extra stress and tasks. They are surprisingly easy to manage and don’t necessarily always require a dedicated employee, which adds cost and headcount. These programs can be easily managed by a volunteer employee committee or grouped in with your benefits specialist in your HR department. Just because the word “program” is at the end of the name doesn’t mean it needs to be hard or stressful. If your employee wellness program is well planned, it can practically run itself.
- Wellness programs are popular. Employee wellness programs continue to rise in popularity. According to the Society for Human Resource Management’s (SHRM) 2015 Employee Benefits Report, 80% of employers offer preventative wellness services to their staff. That figure increases to 92% for employers with over 200 employees. The larger the workforce, the larger the health risk and the larger the impetus for a program that promotes healthy living where employees spend the most waking hours during the week, the workplace.
- Wellness programs pay off. The question employers always want to ask when deciding if they are going to engage in any kind of employee reward program, whether it is an employee wellness program or a performance-based incentive program, is what will the ROI be? According to Rand Health’s “Review of the U.S. Workplace Wellness Market,” employee wellness programs pay off. The average return on investment for an employee wellness program across industries and company sizes is 3:1. This means your organization could see an even higher ROI, with a well-managed, well-administered program.
For more information and five more facts about employee wellness programs, check out this article from Forbes.
Incentives in Corporate Wellness Survey
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