Employees’ unhealthy lifestyles can be very costly to your organization. With the overall health status of the American workforce waning, employers should consider taking immediate & significant measures to enhance employee health and productivity.
Studies show that modest investments in workplace wellness programs result in significant savings. The most definitive review of financial impact reported the following:
- 18 studies indicated that these programs reduce medical costs, and 14 studies indicated that they reduce absenteeism costs.
- 13 studies calculated benefit/cost ratios and all showed the savings from these programs are much greater than their cost, with medical cost savings averaging $3.48 and the absenteeism savings averaging $5.82 per dollar invested in the programs.
- Combined workplace health enhancement and risk management intervention strategies focused on lifestyle behavior change have been shown to yield a $3 to $6 return on investment (ROI) for each dollar invested in 2 to 5 years.
Implementing strategies to help workers stay healthy is critical to controlling costs. At R&R, we take wellness to a whole new level. Wellness programs will increase the health and longevity of employees and their families – which means that businesses will have more control over their health insurance costs and the productivity of their employees – control they didn't know they had.
At R&R Insurance, we call this program WellCompForLife! Tell me more about WellCompForLife.