Physical and mental health are essential to the overall wellness of an employee. Healthier employees work more efficiently, and are more productive. They take less time from work, their healthcare costs are lower, they use their health benefits more efficiently. There is more and more research on the fiscal advantage of providing a corporate wellness program. For over a decade, research has been showing the effectiveness of Employee Wellness Programs. For every dollar spent on a Corporate Wellness Program, the returns have been cost savings of between $2.30 and $10.10 in the areas of decreased absenteeism, fewer sick days, lowered health and insurance costs, and improvements to employee performance and productivity. In the following we have providing additional statistics that research has shown to be relevant.
Statistics
According to an Ipsos-Reid study released March 18, 2004 the main preventable contributors to employee absenteeism are:
- Stress - 60%
- [Negative] Relationship with supervisor or manager 44%
- Co-worker conflict in the workplace – 28%
- Each smoker costs an employer an additional $3,856 a year in health-care costs and lost productivity. Source: Billings Gazette December 10, 2005
Additionally, a healthy organization increases employee morale, improves the ability to attract and retain key people, all while having more alert and productive employees. A review of 42 articles that analyze the research and anecdotal evidence of the cost-effectiveness of worksite wellness programs, there has been found to be a 28% reduction in sick leave absenteeism, 26% reduction in use of the health care benefit, and a 30% reduced worker's comp clams and disability management Source: Larry Chapman, "Meta-evaluation of Worksite Health Promotion Economic Return Studies", The American Journal of Health Promotion, 2003.
Related studies show that corporate fitness participants had 1.3 days fewer short-term disability claims per year per employee than non-participants and had fewer health risks. Source: Journal of Occupational and Environmental Medicine, April 2006. Body Mind Wellness Inc. offers services that address all of the above.
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