Employee Health and Wellness Program ROI: Fact or Fiction?
Employee Health and Wellness Programs … do they provide a strong return on investment? This is a question that we are sure goes through ever company’s mind. HR Magazine addresses the Employee Health and Wellness Program ROI topic in their June 2008 issue.
Employee Health and Wellness Program ROI: The Bottom Line
According to the article, titled “Finding Wellness’ Return on Investment,” determining Employee Health and Wellness Program ROI is not an easy thing to do for companies because it involves a lot of different variables and time.
However, the organizations that have taken the time to determine the Employee Health and Wellness Program ROI of their Employee Health and Wellness Programs have found that it is quite significant. Not to mention, the Wellness program’s effect on the improvement of staff member health and the slowing of the rate of their staff member medical care costs.
Employee Health and Wellness Program ROI Alliance
Employee Health and Wellness Program ROI is such an important part of today’s corporate culture, that several large organizations have come together to form the Alliance for Wellness ROI, Inc. According to the HR Magazine article, The Alliance for Wellness ROI was specifically created to address the lack of consistency in proving the value of Employee Health and Wellness Programs.
The alliance, formed by Henry Ford Health Systems, BMW of North America, Kraft Foods Global, Schlumberger Limited and MasterCare Worldwide, strongly believes in showing the value of Employee Health and Wellness Programs and want to develop a standard for how Employee Health and Wellness Programs are measured.
Employee Health and Wellness Programs Components
According the alliance, the following components should make up an corporate-provided staff member Employee Health and Wellness Program:
- Employee assistance Programs
- Disease Management Programs
- Fitness and exercise Programs
- Health risk assessments
- Workplace medical care Programs
- Personal wellness profiles
- Preventive Health Screening and Biometric Testings and immunizations
- Smoking-cessation Programs
- Telephone based Employee Health and Wellness Programs
- Weight Management / Loss Programs
- Self-Care Programs.
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