Benefits of Corporate Wellness

RETURN ON INVESTMENT

Participation in a corporate wellness program has a wide variety of benefits to both the employer and the employees.

Some of the benefits include but are not limited to, lower insurance premiums, improved worker productivity, fewer sick days and workers comp, and improved mental health.

This all leads to an overall positive return on investment for the company.

Lower Insurance Premiums

Employees who participated in a comprehensive worksite wellness program had medical costs that were $1,331 lower per employee than non-participants.

Every dollar spent on wellness programs yielded an average of $3.27 in healthcare cost savings for employers.

Employers with wellness programs reported an average decrease of 22% in healthcare costs and a 15% reduction in workers' compensation and disability management claims.

Wellness programs lead to an average reduction of 25.3% in healthcare costs and a 32% reduction in sick leave absenteeism.

IMPROVED WORKER PRODUCTIVITY

Wellness programs can lead to a 14% reduction in employee turnover and a 19% reduction in employee sick days.

These programs led to an average increase of 10% in employee productivity.

Companies with strong wellness programs reported higher levels of employee engagement, job satisfaction, and organizational commitment than companies with weaker programs.

There is a positive relationship between employee well-being and productivity, and that companies that invest in wellness programs are more likely to see a positive impact on their bottom line.

Less Sick Days & Workers' Comp

Employees who participated in a wellness program reported an average of 2.73 fewer sick days per year than non-participants.

Employers can save up to $2.73 in healthcare costs for every dollar spent on workplace wellness programs, including a reduction in sick days and workers' compensation claims.

Companies with wellness programs reported an average of 63% fewer lost work days due to illness or injury compared to companies without wellness programs.

Employers can save an average of $3.27 in workers' compensation costs for every dollar spent on wellness programs.

IMPROVED EMPLOYEE MENTAL HEALTH

Companies that invested in workplace wellness programs saw significant improvements in employee mental health, including a 25% reduction in depression and a 30% reduction in anxiety.

Employees who reported high levels of stress were more likely to experience health problems, such as high blood pressure, heart disease, and obesity. However, employees who participated in employer-provided wellness programs were more likely to report lower levels of stress and better overall health.

Employees who participated in a comprehensive wellness program reported significantly lower levels of stress, depression, and anxiety than non-participants. The study also found that participants reported higher levels of job satisfaction and better overall health.

Mental health conditions cost the global economy an estimated $1 trillion per year in lost productivity. However, companies that invest in wellness programs and mental health resources can see a significant return on investment, in the form of improved productivity, reduced absenteeism, and lower healthcare costs.