Employee wellness programs benefits
There are some obvious benefits of employee wellness programs. Helping your employees stay healthy is great - for them. But how about your company? Is it just a waste of your time and resources? Or are there some tangible benefits for your company as well?
Let’s dig into research and found out!
Top 5 reasons to have an employee wellness program
Here are the top reasons why you should start an employee wellness program at your company:
1. To save money
Implementing a workplace wellness program can help your company save money.
The most comprehensive review ever completed on the financial impact of worksite wellness programs has reported some incredible findings.
Among the 22 different studies that looked at wellness programs and healthcare costs, the average return on investment was 3.27. This means that for every dollar that was spent on the program the company saved $3.27 because of reduced healthcare costs!
2. To improve employee productivity
Research has found that employee wellness programs have a positive effect on employee productivity.
Research published in the Journal of Occupational and Environmental Medicine has found that employees who take part in employee wellness programs are more productive than those who don’t.
3. To improve the retention rate
Companies who implemented employee wellness programs report higher retention rates.
Research conducted by an American Psychological Association has found that fewer (only 25%) employees in companies with employee wellness programs intend to leave their job in the next year. In companies without employee wellness programs, twice as more employees (51%) said they intend to leave their job in the following year.
4. To attract top talent
Research has found that implementing an employee wellness program improves your employer brand and helps you attract great candidates.
The Virgin HealthMiles and Workforce survey found that 87% of employees said they consider health and wellness offerings when choosing an employer.
5. To improve your company culture
An employee wellness program can significantly improve your company culture.
A 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.
Conclusion
Research is clear: Keeping your employees healthy is not just good for your employees, it's also good for your company’s bottom line!
