Fewer and fewer organizations give what was formerly a semi-obscure perk known only to a select few. Most organizations with more than 50 workers provide some benefit related to workplace wellness, according to research supported by Rand Corp. and the US Dept. of Health and Human Resources. Learn more about the corporate wellness platform.
These incentives aren’t simply for employees; they’re a need. Absenteeism may be reduced, and output and employee well-being can be increased via the implementation of corporate wellness programs. Among other things, they may improve a company’s bottom line, including its medical expenses. At the Los Alamos National Laboratory, for example, wellness initiatives have decreased the yearly rise in healthcare premiums to 2.5 percent, a rate much lower than the national average of 7 percent.
Encouragement to lead healthier lives has never been more straightforward than now, thanks to advancements like wearable technology and on-site gyms. On the other hand, corporate wellness programs aren’t going to thrive by just providing workers with alternatives. Before a program can be put in place and be successful, there are a few obstacles to overcome. However, the rewards that may be in store for both companies and their people may outweigh the difficulties.
Incorporated Wellness: What Is It?
Corporate wellness may seem relatively new because of the increased interest in developing these programs. People may not understand that it has been around for a long time. In 1979, Johnson & Johnson’s Live for Life program, widely regarded as the model for corporate wellness initiatives, was introduced. A corporate wellness program may be challenging for some firms, especially if the company is starting from scratch.
In a nutshell, corporate wellness programs are employer-created initiatives to enhance workers’ health.
At a Glance: Employee Health
The healthcare system in the United States is in a state of emergency. Obesity is rising in the United States, estimated at 40%. Diabetes, chronic obstructive pulmonary disease, & heart disease are all included in the category of chronic diseases, according to the CDC. Approximately 47.6 million individuals in the United States had some mental illness in 2018, according to the National Alliance on Mental Illness (NAMI).
Individuals are not the only ones affected by these numbers; companies are also at risk. Obesity-related illnesses and disorders are believed to be responsible for a nearly 30% increase in U.S. healthcare expenses between 2015 and 2018. According to the American Institute of Stress (AIS), American firms lose billions of dollars each year due to employee turnover, absenteeism, and other stress indicators in the workplace.