Over the last few years, more and more companies have implemented Wellness Programs as part of their benefit programs for their employees. As health care costs continue to rise, primarily due to changes imposed by the Affordable Care Act, many companies are seeing the impact on their bottom lines. The studies referenced below demonstrate a correlation between wellness programs and a reduction in health care costs, as well as evidence the programs boost morale and encourage healthy lifestyles.
Wellness Programs are a great voluntary approach to show employees that their employer is invested in their well-being. Employees take note when their management and executives take the time to show that employees do more than just fill a chair and clock in and out but understand that their lives outside of work and their health are also a priority.
Focusing on building healthy habits such as smoking cessation, exercise, clean eating and stress management, just to name a few, will result in fewer employee health claims, thereby reducing companies overall health care costs. In 2014 Harvard Business Review held a study with 20 companies and found an average annual health care cost increase of 1-2% for companies with wellness programs, compared to the 7% national average.
The 2012 Aflac WorkForces Report found that 92% of the companies with a wellness program in place recognize the effectiveness of the programs. In addition, 44% of employers agree they are able to offer lower health insurance premiums as a result of their wellness program.
Researchers recommend offering voluntary health screenings to help make employees aware of their own health. This will empower them to set goals and make choices to work towards achieving those goals. In order to motivate employees to participate, offering bonuses in the form of cash, vacation days or prizes are good ways to encourage employees to engage in the programs. If your company doesn’t offer the voluntary health screenings, you can offer bonuses for going to the doctor and getting annual check-ups and physicals.