What is your employee wellness strategy?
The necessity for health and wellness in the workplace is now well documented. In Dr. Roger Sahoury book “The Gladiator’s Guide to Corporate Health and Wealth” Sahoury stated that companies who strategically manage wellness see: 60% greater retention of employees, 200% more revenue per employee, and 38% increased employee engagement. Now that is massive! If that is not enough incentive to establish a wellness program, nothing will be.
With these new found benefits it is no surprise that there has been a significant growth in companies abroad offering corporate wellness programs. In the United States 70% of employers now offer corporate wellness, up from 58% in 2008. However, within New Zealand there is no direct local statistics, as NZ has been a slow adaptor to this movement. However, the estimated cost of absenteeism and presentisms (working while sick) which equates to $1500/person/year (Southern Cross and Statistics NZ).
Providing employees with Health Care is a great start but it is not enough. Organisations are no longer relying on the employees to be proactive of their health, organisations are now taking responsibility and are facilitating in-house wellness programs. These programs have become a fundamental feature in many major organizations, most notably Google, which offers employees on-site physicians and nurses, nutritious food options, nap pods, mindfulness program, and complementary fitness centers, among other perks.
Return on Investment
Corporate wellness is preemptive measure, it costs money to establish but long term it pays for itself several times over. The best analogy is instead of having the ambulance down the bottom of the cliff, waiting for the inevitable, act now and prevent/minimise the occurrence in the first place. Not only is it preemptive, it will take your business to a new level. With happy energetic staff, no task will be too big.
Several studies within the United States have identified for every $1 spent on an employee wellness the ROI (Return on investment) is on average between $1.50 – $3.80!
Johnson & Johnson another leader in corporate wellness, invests in their employees’ and have strategically designed a program that caters to physical, mental, and social health. The leaders at Johnson & Johnson estimate that wellness programs have cumulatively saved the company over $250 million on health care costs over the past decade. Receiving a ROI of $2.71 for every $1 spent between 2002-2008.
Where to Start
Create an environment that breeds healthy and happy employees that are mission based instead of job based. A healthy body and a healthy mind inspires a positive work ethic. Your employees will think more clearly and will be able to problem solve easier than if they are bogged down by sickness.
Every companies needs will vary but every effective wellness program should be well rounded and incorporate physical, mental, and social health. Clarity and consistency are key when it comes to corporate wellness. Any confusion will only cripple the program.
Need Help Establishing a Wellness Program?
Luke (Health & Performance Specialist)