According to the Centers for Disease Control and Prevention, productivity losses linked to employees not showing up for work cost employers $226 billion annually, or $1,685 per worker.¹ Business owners and managers understand very well the rising cost of health care and the loss of productivity associated with absenteeism and employee disengagement.
Which is why 98% of employers surveyed by Willis Towers Watson, a global advisory firm, say they’re committed to health and productivity improvement in the years ahead.²
Employer efforts are bearing fruit. According to one report, medical costs fell approximately $3.27 for every dollar spent on wellness programs, while absenteeism costs fell about $2.73 for every dollar spent.³
The Profile of a Successful Wellness Program
Tailored: An effective employee wellness program is multifaceted and must reflect the personal needs and interests of a diverse workforce.
Incentives: Incentives, such as rewards and recognition, communicate the employer’s care and support for the program and help drive employee participation.
Measurable: To maintain ongoing support, there should be tracking of the program’s impact.
Common Wellness Program Offerings
The most common employer wellness offerings include smoking cessation, physical activity, mental health, health club membership, and weight management.
Yet 76% of employers agree that their companies are focusing more on overall wellbeing, as opposed to just physical wellbeing. As a result, many are adding other features to their wellness programs, such as social health and financial management.
Good health is as much a social endeavor as it is a personal journey. These programs can often create employee interactions unlikely to occur during the workday, prompting conversations and relations that catalyze new ideas and improve your work culture.
CDCFoundation.org, January 28, 2015
Willis Towers Watson, “2015/2016 Global Staying@Work Survey”
Healthcare Trends Institute, March 9, 2015
Virgin Pulse, 2016, “The Business of Healthy Employees”
About Your Columnist
Windus Fernandez Brinkkord is a featured columnist for Women Lead, the official blog of Connected Women of Influence, where she covers the intersection of women in business and managing their investments and taking charge of their financial future. Currently, Windus is Senior Vice President of Investments with Trilogy Financial Services, a financial services company that focuses on helping business owners and individuals build and manage wealth.