As it stands, just over half of organisations take a strategic approach to employee wellbeing , yet fewer than 20% of employees are actually enrolled on physical wellbeing offerings . Why? Well, there are a number of pretty straightforward reasons—chief among them are that oftentimes, employers, leaders and HR teams simply don’t understand what wellness programs are, what should be included in them, and why they’re beneficial to their business. But don’t fear—we’ll explore all three of those questions and more here. Let’s dive in.
What is a Workplace Wellness Program?
According to Healthcare.gov , the definition of a wellness program is, “A program intended to improve and promote health and fitness that’s usually offered through the workplace, although insurance plans can offer them directly to their enrollees.” But outside of the dictionary definition, workplace wellness programs are meant to help employers decrease healthcare costs, increase employee retention , build productive workforces and promote healthy behaviours.What Types of Benefits are Included in Workplace Wellness Programs?
Benefits typically included in workplace wellness programs include company-sponsored gym memberships or stipends, a mental health service, discounts or cash rewards. They can also include larger programs like weight loss challenges, elder care, preventative health screenings, disease management, nutrition education, smoking cessation incentives and more. Additionally, physical activity challenges have taken enterprise companies by storm—allowing employees to get competitive, bond with their team and improve their health, all while having fun. Another of the recent top employee benefits, especially when offered in the context of a holistic wellness program, is women’s health support . This can include healthcare offerings outside of traditional healthcare to help female employees navigate life changes like menopause or health issues like PCOS and endometriosis .What are the Benefits of a Workplace Wellness Program?
So now you know what a workplace wellness program is and what is traditionally (or innovatively) included—but why is it important and beneficial for employees? Here are just a few of the benefits of employee wellness for employers (plus stats to back them up):- Increased Productivity & Improved Performance: Employees who participated in company wellness programs had an additional 10.3 hours of additional productive time annually, compared with non-participating employees.
- Decreased Turnover: Ignoring employee wellbeing amounts to 15% to 20% of total payroll in voluntary turnover costs, on average, due to burnout
- Improved Employee Health: 83% of employers reported increasing their workers’ health thanks to their companies’ wellness programs.
- Decreased Absenteeism: Wellness programs can reduce absenteeism by 14-19%, and 56% of employees who participate in these programs say they have fewer sick days.
- Decreased Presenteeism: Studies estimate that the cost associated with presenteeism due to poor employee health is at least 2 to 3 times greater than direct health care expenses.
- Boosted Employee Morale: 54% of employees say that their morale is the most improved metric after participating in a corporate wellness or wellbeing program.
- Increased Engagement & Connection to Company Culture: More than 80% of employees with wellness programs say they enjoy work.
How Do Employee Wellness Programs Benefit Employees?
But a corporate wellness program is not just a benefit for employers—it can also be a game changer for individual employees, often changing their lives for the better both personally and professionally. Let’s explore how:- Increased Belonging: 70% of employees report that when a company offers a wellness program, it is an indicator that their employer cares about them.
- Reduced Risk Relating to Chronic Disease: One recent study showed that, on average, wellness program participants experienced heart problems later than non-participants did.
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