Employers Step in with Wellness Programs
The report states that the lack of healthy employees – signaled by disability, absenteeism and presenteeism costs more than direct medical claim costs. That is a HUGE claim and a huge number. I will have to look into this further. If true – than wellness is a no-brainer.
“There are quantifiable benefits from using wellness programs to attract and retain talented, healthy employees,” said Simon Leary, a PwC partner and Health Research Institute leader for United Kingdom/Europe. “You can improve the health and well-being of your workers while also bolstering your bottom line. The economic case for prevention is overwhelming.”
The economic case for prevention
In their research, PwC and the National Business Group on Health, found that:
- • More than half of multinational corporations surveyed expect to introduce or expand corporate wellness programs over the next five years.
• One third (33 percent) are rolling out comprehensives wellness programs in multiple countries, while another 17 percent are rolling out a single wellness program in multiple countries.
The leading reasons cited for promoting wellness were (in order of importance):
- • Reducing indirect costs associated with absenteeism, presenteeism, disability and workers’ compensation.
• Improving work performance, such as productivity and quality.
• Reducing direct health care costs
• Improving the image of the company internally (for retention purposes).
• Improving the image of the company externally (for recruitment purposes).
This is already a big issue and trend – and I know that execution requires a comprehensive, flexible, personalized technology infrastructure for communication, disease management and transactions.