Can You Boost Your Bottom Line With a Wellness Program?
February 21st, 2012As a manager, you want your employees to be happy, healthy, loyal, and productive. But could all that be as easy as implementing a wellness program at work? It certainly might play a big part.
In fact, a recent survey by Principal Financial Group of 1,121 employees at small and mid-size businesses reported that employers who offer wellness programs enjoy increased retention, attendance, and productivity. Here’s a look at the numbers:
- More than half of the respondents said they are more productive as a result of wellness programs.
- 40% agreed that wellness programs encourage them to stay with their company.
- More than a third said they missed fewer days of work as a result of a wellness program.
Furthermore, for every $1 employers spent on a wellness program, they saw absenteeism costs cut by an average of $2.73 and medical costs cut by an average of $3.27.
As one of the top staffing agencies in Sacramento, California, we certainly understand that implementing a wellness program for a smaller organization can be more challenging – but it can also clearly provide a return on investment. So it may be well worth the effort. To help you get started, here are some tips:
Reach out to your insurance company.
Some insurance companies promote wellness programs by giving employees discounts on premiums and other wellness related activities. They may also offer additional services, like free health screenings or flu shots, which you can include as part of your wellness program.
Reach out to local fitness centers.
If you don’t have the space to add an office gym, then contact your local fitness center and ask if they offer group discounts for your employees.
Make the program voluntary.
When it comes to health and fitness…and more specifically, weight…no one likes to feel like they are being singled out. So don’t mandate that workers get involved. Make it casual and fun and let your employees decide whether to participate.
Offer incentives.
While you don’t want to punish those who aren’t involved, you do want to incentivize those who are trying to make healthy changes in their lives. One way to do that is by offering rewards. For instance, you can have a campaign to help staff smokers quit and offer a gift card to those who are successfully able to do so.
As one of the top staffing agencies in Sacramento, California, we know that wellness programs can be a win-win for employers and employees. As an employer, they enable you to reduce rising health care costs and improve employee retention and loyalty, while also helping your employees live a healthier, more productive life at home…and at work.
