Corporate Wellness Incentive Plans : Employee Health Promotion Programs
Research spanning more than a decade has consistently demonstrated Worksite Wellness Programs to be financially effective and that every dollar invested on a corporate wellness program can return $2.30 and $10.10 by decreasing absenteeism, sick day usage and by lowering insurance costs. Additionally it is noted that there are marked improvements in employee success and work rate in organizations that enable a Worksite Wellness Program.
Healthy employers enjoy increased employee morale and an improved ability to attract and retain key people. Additionally, employees are more alert and productive. For instance, Coca Cola reports that they save an estimated $500 a year per employee once they implemented a exercise program in which 60% of their employees take part. Coors Brewing Company published that employees who participated in their Workplace Wellness Programs reduced their absentee rate by 18%.
workers enjoy their share of advantages from Corporate Wellness Programs too. A healthy lifestyle affects every part of a person’s life, including their work environment. Corporate Wellness Programs result in fewer injuries, less human error and a work environment that is more harmonious and relaxed. Additionally, workers who work at a company that implements a Corporate Wellness Program know that their company is concerned about their wellness and health. Employees frequently report a decrease in their stress levels due to Corporate Wellness Programs.
As employees feel better, more relaxed, more valued and more human to their employer; they enjoy a rise in work rate. This increase in work rate, while constructive to the employer, is also important to the employee as it increases their own sense of self worth and confidence levels. Workers who feel thriving and who feel that they accomplish goals are overriding happier and in a better frame of mind.
The advantages of Corporate Health Promotion Programs, both tangible and intangible, are evident. It is a wise move for a employer to start a Corporate Health Promotion Program, especially when they incorporate some form of mental health aspect into it. This also has social advantages as domestic violence and child abuse is shown to be decreased in areas where wellness programs are implemented. These days, a employer can almost not afford to have some sort of wellness program to offer to their workers.