Businesses often struggle to balance the needs of their employees with keeping costs low enough to maintain profitability. As such, some organizations forgo implementing workplace wellness programs out of fear that the cost will outweigh the benefit. If you’re one of those businesses that wants to help improve its employees’ overall health and performance, but are afraid that a workplace health program is too expensive, it’s time to stop worrying: research shows that workplace wellness programs save their businesses money within two to three years, by a margin of three dollars saved for every one dollar spent.
According to a report in the American Journal of Health Promotion, which studied the expenditures and savings of a large financial services company’s workplace health program, businesses can expect to start seeing a three to one return on investment in an employee wellness program within two to three years. By comparing the medical costs associated with employees who took part in one or more of the health initiative programs offered by their employer, with those employees who did not, the study found that those employees who took advantage of the health programs cost their employer significantly less than those who did not. Even without every employee taking part in the program, the savings generated by those that did more than justified the initial expenditure.
In other words, employee health programs don’t just improve people’s lives – they help businesses make money, too. If your business is ready to start seeing savings by improving employee health, contact Wellsource today at (800) 533-9355.