Reduced health care costs
Healthcare insurance is a major expense for most businesses. Adding an employee wellness program can actually bring down the insurance premiums, making the insurance more affordable for both the employer and the employee. Insurance companies look at a number of factors when it comes to setting premiums for a particular company. One of …show more content…
Wellness programs helped employees manage chronic health conditions, such as diabetes and asthma. The programs also assisted employees with weight loss and smoking cessation, obesity and tobacco being major contributors to poor health.
More productivity
Another advantage cited by the 2013 RAND study was that employers saw an increased amount of productivity after implementing a wellness program. Fewer absences due to poor health was a part of this, but not all. Employers said that employees were more energetic and focused on doing their jobs. This helped increase productivity in both individuals and employee groups. Better health also contributed to better attitudes. This helped encourage a healthy work culture, which also improve productivity.
Improved employee retention
Hiring and retaining good employees is a major priority for most business owners and CEOs. The costs of recruiting and training a new employee are significant. That is why retaining existing employees is so important. Wellness programs can