Calculating Wellness Program ROI
Why an employee wellness program? It pays!
Properly designed wellness programs can help employers reduce employee benefit expenses, increase productivity, and positively affect the bottom line for a Return On Investment (ROI). Employee morale measurably improves in 56% of the companies that offer wellness programs. According to the American Institute of Preventive Medicine, companies with effective health management programs can expect to:
- Increase employee time on the job
- Reduce usage of medical care
- Improve healthier lifestyles
- Increase employee productivity
Wellness Program ROI calculator
To complete the ROI Calculator, you will need only three pieces of information: How much your company spent on health care over the past 12 months, the average percentage increase in health care costs over the past five years, and how many benefits eligible employees you have. You can get additional projections if you know the percentage of your employees who are obese and who smoke.
CLICK HERE to calculate your potential savings at the Wellsteps ROI calculator. If you don’t know the number of employees who are obese or who smoke, you can obtain that clinical information by having Healics come to the worksite, conduct clinical health screens, and provide group reports that protect individual confidentiality.
It goes without saying that active participation in Health & Wellness Programs delivers strong financial returns for Employers. Offering Incentives for your employees to live healthier lifestyles both in and out of the workplace is key to improving productivity, and providing your Employees with a true benefit, their Health.
Popularity: 11% [?]