What Is Employee Wellness?
Employee wellness isn't complicated, it simply describes the steps taken by your company to improve the overall health (both mental and physical) of your employees. It could be something as small as providing healthy snacks in the workplace or something as big as dedicated wellness days featuring group exercise. Anything you do in the workplace for the health of your employees is considered employee wellness.
Employee wellness programs are one of the top trends of 2017 and for good reason. They provide many benefits to both you and your employees including increased productivity, more engaged employees, and higher employee retention. Employee wellness can be simple to implement, easy to maintain, and it's something employees are generally very satisfied with. What's not to love?
How Can You Save With Employee Wellness?
Aside from the increased productivity and higher employee retention, a healthier workforce can also cut health insurance costs. Employee wellness can be separated into two broad categories: lifestyle management issues focused on preventing illness and disease management issues focused on managing chronic illness (i.e. diabetes, heart disease). Both branches are very important aspects of employee wellness for different reasons.
While a focus on disease prevention through lifestyle management is admirable and does quickly reduce costs in the other ways mentioned, the bulk of immediate healthcare cost savings come from disease management. Lifestyle management programs will realize noticeable health care savings as well, especially in a business with high employee retention, but it takes some time to see these results.
Help Your Employees Save You Money
Employees who are already suffering from chronic illness are often the most costly to insure, sometimes being responsible for up to 50% of your insurance claims expense. Management of a chronic illness is difficult, especially on top of other life stressors such as work and family, but there are ways you can help with your employee wellness program.
For example, coordinating with physicians to ensure your chronically ill employees make their appointments on time or setting up a system to remind employees to take their medications (something that's easy to forget during a particularly hectic day at work) are two low cost ways to assist your employee in the management of their chronic illness. This aspect of employee wellness can save you big and pay off quick by preventing costly hospital visits.
Utilized correctly, an employee wellness program can save you countless dollars on health care expenses while providing your employees a higher quality of life. For more information on setting up an employee wellness program at your workplace, contact Summerlin-Roberts today. Engaged employees in healthy workplaces are the future, but we can help you realize this today.