Research and Studies Validating the Value of Corporate Wellness Programs
Multiple studies on Corporate Wellness Programs validate the value of these Programs if they are correctly applied.
Advantages of an effective Corporate Wellness Program include a decrease in absenteeism, increased corporate productivity, decreased usage of medical intervention, an improved corporate culture, improved work force retention and attraction and improved loyalty to name a few advantages.
Harvard Business Review:
“Consistent with prior research, we find that life style management interventions as part of workplace wellness programs can decrease risk factors (e.g. smoking) and increase healthy behaviors (e.g. exercise). We find these sustainable over time and clinically meaningful.”
In 36 studies of Corporate Wellness Programs it was found that for every $1 employers spent on Wellness Programs medical costs decreased by $3.27. Beyond that increased production was realized and absenteeism related costs decreased by $2.73.
Milken Economic Think Tank:
“Common chronic diseases (cancer, diabetes, heart disease) are responsible for $1.1 trillion in lost productivity annually in the US.”
There are many more studies indicating the amazing advantages of an effective Corporate Wellness Program.
From Rajiv Kumar MD and CEO of Global Priorities there are 3 main of reasons Corporate Wellness Programs are instituted by management:
- Humanity- It is the right thing to do for the work force
- Fiscal Responsibility- to rein in Health Care costs; a Corporate Wellness Program is an effective way to do that
- Perspicacity- Executives looking for a competitive advantage
Features of a successful Corporate Wellness Program:
- Commitment from company leaders and support for wellness at all levels
- Integration of wellness and health into a company’s vision and purpose
- Intentionally build a culture of total health
- Workers are allowed to co-author and own the wellness program
- Best success is when families of employees are involved. This allows employees to become an active owner of the wellness program
Different studies show the total of cost savings and increased corporation productivity varies between 8% and 25% with an effective Wellness Program.
Three decades of research by Johnson and Johnson of Corporate Wellness Programs demonstrated increased company health and savings of millions of dollars while increasing productivity.