Employee Wellness Programs are becoming increasingly popular in workplace culture today. Company’s are intrigued by the different levels of implementation that can take place and are finding ways to fit their specific employee needs when it comes to health and wellness.
Employee Wellness Programs help employees stay healthy, and in some cases, help them improve their overall health. A wellness program can be ongoing or can be a one time annual event. Your company can even partner with a third-party administrator, like NMS Health, to help run an annual wellness program for you!It’s important to remember that although these programs are not mandated, they usually encourage a positive and supportive work environment. Your employees will feel valued, appreciated, and cared for.
When employees are exercising, eating healthier, and begin to feel their overall health is in check, it allows them to be present, productive, and motivated at work.
When an employer provides a wellness program for their employees, they are showing that they value them and care for their overall wellbeing.
An employee who feels valued will be happier coming into work and have a positive attitude towards their work environment. Both factors make the employee more likely to stay at their job and increase retention rates.
Providing a wellness programs limits the amount of absenteeism. When employees come to work sick, they are spreading germs around the office, and absenteeism is increased. When an employee finds a way to keep their employees healthy, absenteeism is lowered.
To launch a wellness program, you should always gauge the interest of your employees when it comes to their health priorities. It’s important to create a buy in factor for your employees. An easy way to do this is to create a survey, to see what areas of health and wellness interest your employees the most. If you follow the steps below, you’ll be successfully on your way to starting an effective wellness program within your company.
All businesses need to consider finances and budget when it comes to implementing an employee wellness program. At the end of the day, company’s will wonder, other than a positive rise in productivity, healthy employees, and company culture, will my company see any return of investment? The answer is, yes, absolutely!
Let’s break this down…
The healthier your employees are, the lower health costs will be. When a wellness program is implemented successfully, employers will see a reduction in chronic diseases, sick leave, and an overall slower growth in health costs to their company. It has been reported that businesses see approximately $2-$4 saved per dollar spent on the wellness program (health.gov).
It has been reported that employees that participate in a health wellness program gain an average of 10.3 hours in additional annual productivity per person. This saved their companies an average of $353 per employee, compared to non- participants. The CDC also reports that personal and family heath issues cost employers around $1,685 per employee, per year, and $225.9 billion annually.
Several U.S. states have considered a tax incentive for small business owners who provide employee wellness programs. This tax credit helps incentivize positively impacting the physical, emotional, and social health of employees, and even give a boost to the economy!