Jan 15

How To Increase The Company’s Productivity and Lower Health Care Costs With Wellness Programs

tips to increaseUscheduled absenteeism costs your company up to $3,500 per employee per year, according to a report by the Workforce Institute. Whether you employ fewer than 100 or more than 10,000 staff, absenteeism not only costs you money directly, it increases stress in coworkers left to pick up the slack, who perceive a 30 percent loss in their productivity. If you are an employer, having a company wellness program, such as that offered by Wellness Corporate Solutions ( WCS ), can improve your company’s productivity and lower health care costs.

What is a corporate wellness program?

Engaging in a corporate wellness plan will help you to analyze health screening and health risk assessment results by designing and implementing a three-stage wellness program consisting of:

Identification of common health risks among your workforce through on-site health assessments and biometric screenings. If your population has high blood pressure, obesity and high cholesterol, your corporate wellness strategy will be tailored differently than for a generally healthy workforce.
Modification of health-defeating behaviors through incentive programs that incite positive behavior change. When coupled with leadership support and an effective communication strategy, incentive programs can achieve participation rates of up to 85 percent. Without incentives, participation rarely rises above 15 percent.
Prevention of illness through immunization programs.

The benefits of a workplace wellness program

Workplace wellness is more important than ever before. Within as little as 18 months, the average length of time it takes a toddler to learn how to walk, your can see a return on investment of as much as six dollars for every dollar invested. More immediately, investing in corporate wellness sends a positive message that you value your employees’ health and well-being. This helps attract and retain top talent and boosts productivity, benefits translate ultimately into a serious competitive advantage.

How to implement a corporate health strategy

If your organization is large enough to house its own occupational health department, you could conceivably expand it to include these functions. Smaller companies do not have this option, and may benefit from engaging the services of a company that helps organizations plan and execute a comprehensive multiyear plan.

A wellness consultant can help you evaluate your goals, budget for incentives, and evaluate outcomes, thus enabling you to celebrate goals that are achieved and to modify less successful health initiatives.