Well at Work
Study Finds Corporate Wellness Programs Provide Greater ROI Than Previously Thought
Employee wellness programs provide a greater ROI than previously reported, according to a new analysis from the American Journal of Health Promotion [HRMorning.com].
Researchers analyzed 56 published studies and found that employers see an average savings of $5.81 for every dollar invested in wellness due to improved employee health and a reduction in medical claims. This number exceeds previous ROI figures of $3 to $4 for every dollar invested. The analysis also found that employers with onsite health programs see (on average):
- 27 percent decrease in sick leave absenteeism.
- 26 percent decrease in healthcare costs.
- 32 percent decrease in workers’ compensation and disability claims.
“Organizations are doing everything they can to cut costs and increase profits, especially in this rocky economy, but many employers still fail to see the cost savings benefit in corporate wellness programs,” says John Golden, president of Core Performance. “What this analysis brings to light is that the benefits of corporate wellness are two-fold. It helps improve worker health and attendance, and it significantly helps improve company financial health."