Health and Economic Benefits in the Workplace
Employees are often constrained by lack of time and/or high treatment costs and therefore do not get access to the health care treatments that they need. As a result, many corporations help solve this dilemma by providing specialized health and wellness services on-site. In turn, employers benefit from increased employee productivity, quality of output, and an overall increase in the quality of the work atmosphere.
• In 2004 a corporate wellness statistics study at Ipsos-Reid, three major preventable causes of employee absenteeism were attributed to degradation on mental health; depression and/or anxiety, stress, and employee discord with a management.
• Statistics provided by Prudential Insurance on corporate wellness demonstrate a benefit expense of $312 per person.
• At the Coors Brewing Co., corporate wellness statistics show a savings of $5.50 on every $1 spent on wellness programs dropping the participant absenteeism by 18%.
• Metlife provides a survey stating that over 57% of large employers (500+ employees) and 16% of small employers offer some version of a wellness program.
• In 1996 25% of U.S. companies were running corporate wellness programs. According to Employee Wellness USA (www.employeewellnessusa.com) corporate wellness statistics depict savings of $2.30 to $10.10 for every $1 spent on wellness initiatives. “The more recent literature reflects improvements in wellness programming along with greater return on investment,” as stated by Richard Harvey, Ph.D. on behalf of the national Center for Health Promotion and Disease Prevention.