What are Corporate Wellness Programs?
Corporate Wellness Programs are the workplace programs that promote employee’s health care, support healthy behavior in the workplace and improve the employee’s overall health. These programs are also known as ‘Corporate Wellbeing’ programs. Workplace wellness programs comprise health-related activities like on-site fitness programs, health education, weight management programs, medical screenings, or facilities.
Some Advancements in These Programs :
Over the years, there have been a lot of advancements in the workplace wellness organizational policies that the companies have adopted so that they can benefit their employees by creating a pleasant working environment and also eventually helping the company to create a better future for the industry. These advancements include providing on-site kitchen and eating areas, offering healthy food options in vending machines, allowing flex-time for exercise, holding “walk and talk” meetings, and offering financial and other incentives for participation. In recent years, corporate wellness has been expanded from mono-health promotion interventions to create a more overall healthy environment. Along with these additional advancements, standards of building and interior design has also been improved to promote physical activity. This expansion has been mainly in part to create more considerable leadership support and access from leaders in the participating industries and companies.
Benefits of Wellness Programs:
For Employees –
Along with the job, the employees are getting involved in these health-related activities, and hence this benefits the employee health as well as the work environment. Employees get educated about the health-related awareness programs, are taken care of if they are suffering from some serious problems, are appointed with counselors if they are suffering from depression or other mental illnesses, are given a proper rehab if they are addicted to smoking or alcohol. Due to all these measures taken by the company, the employees are highly benefited.
For Companies –
Investing in corporate wellness programs aims to improve overall organizational productivity as well as offers a variety of benefits associated with resource availability and cost savings. A study performed by Johnson and Johnson indicated that wellness programs saved companies, an estimated net worth of $250 million on health care costs between the years 2002 and 2008. Workplace wellness interventions performed on high-risk diseases related to cardiovascular health issues on employees indicated that at the end of a six-month trial, 59% were reduced to a low-risk condition. These individuals received cardiac rehabilitation health education as well as exercise training. Further, studies performed by the U.S. Department of Health and Human Services have revealed that organizations that included exercise components into their wellness decreased healthcare costs by 40% as well as improved lost workdays by 90%. Thus, investing in preventative health practices has been proven to be more cost-effective in resource spending as well as in improving employee contributions towards high-cost health claims.
Finally, How Do These Programs Reduce Per-Employee Healthcare Cost:
The companies are dependent on their employees for the development and advancement of the company in every sector possible. In other words, employees are the future of the company and hence they have to be taken care of financially, mentally and emotionally. By just paying them off does not mean the company can exploit them and not take care about their health. Many companies are not aware about these corporate Wellness programs and some of them who are aware, are scared for the net worth that would be spent on these programs that would cost the company. This is a misconception of many companies that conducting these Healthcare programs can cost companies more but according to the research, it saves a lot of money for the company. As these programs ensure the fitness and well being of the employees, the employees don’t get prone to any high-risk diseases and hence have less risk of getting hospitalized. This reduces the budget of the Health Insurance bill for the company. By following the saying ‘Prevention is always better than cure’ the cost spent on employee’s hospitalization is much more than the money spent on these corporate Wellness programs.
We hope you found this article informative, and we hope you can successfully reduce employee healthcare costs by using a suitable wellness program. Cheers!