Workplace wellness programs: Yay or nay? Discover the data-based answer!
Workplace wellness programs are getting more and more popular. This new workplace trend has gained a lot of attention recently and stirred quite a debate.
Some argue that companies should not be burdened by taking care of their employees' health. On the other hand, there are voices arguing that in today’s modern world, these programs are becoming a necessity.
Above all, there are questions about the effectiveness and ROI of these programs. To answer these questions, we dug deep into research.
According to research conducted by the Society for Human Resource Management, 75% of employers indicated that their companies offered some type of a wellness program, resource or service to employees.
A comprehensive review of the literature has found that the average return on investment of workplace wellness programs is 3.27. This means that for every dollar that was spent on the program the company saved $3.27 because of reduced healthcare costs.
A new survey by Virgin HealthMiles Inc. and Workforce Management Magazine found that an overwhelming 77% of employees think that employee wellness programs positively impact the company culture.
Research suggests that employers save on average $5.82 in lower absenteeism costs for every dollar spent on employee wellness programs.
The Virgin HealthMiles/Workforce survey found that about 87% of employees said they consider health and wellness offerings when choosing an employer.
Research has shown that workplace wellness programs have proven benefits, both for employers and employees. Employee wellness programs can do much more than just keep your employees healthy.
These programs can help you improve your company culture, reduce absenteeism, attract talent and even save money!