If you are scrutinizing the dollar return on employee wellness programs, why don't you begin with two of the bigger programs. Johnson & Johnson and MD Anderson Cancer Center have invested significantly into their corporate wellness and both posted an impressive ROI:
➢ Johnson and Johnson estimates that their wellness programs have cumulatively saved the company $250 million on health care costs over the past decade; from 2002-2008, the return was $2.71 for every dollar spent.
➢ MD Anderson Cancer Center created a workers’ compensation and injury care unit, staffed by a physician and nurse case manager. Within 6 years, lost work days declined by 80% and modified-duty days by 64%. Cost savings totaled $1.5 million and workers’ comp insurance premiums declined by 50%.
Staggering? You bet! These two highly successful wellness programs are evaluated in a Harvard Business Review article (link) along with 8 other organizations whose wellness programs achieved measurable results. The focus of analysis was understanding the business case for investing dollars into employee health.
The authors’ final conclusion was that business can no longer continue to be reactive to today’s spiraling health care costs. Rather, business must proactively invest their dollars up-front towards preventive care for their employees. The authors then identified 6 common pillars to these ten successful, strategically integrated wellness programs.
How does your employee wellness program stack up? Have you implemented these 6 essential pillars? Is your wellness program well-rounded, enhancing both the physical and mental health of your employees?
When you are ready to address the physical fitness aspect of your employees well-being, let BGI Fitness Commercial assist you. Whether you are looking to set up a quiet corner for gentle stretching and relaxation or a full-bore fitness facility, we can guide you through this planning process. Learn more on the BGI Fitness Commercial Division website.
Exercise Physiologist for Bicycle Garage Indy & BGI Fitness