Good Health is Good Business

Health-graphic.jpg

According to the Centers for Disease Control and Prevention, productivity losses linked to employees not showing up for work cost employers $226 billion annually, or $1,685 per worker. 1 Business owners and managers understand very well the rising cost of health care and the loss of productivity associated with absenteeism and employee disengagement.

Which is why 98% of employers surveyed by Willis Towers Watson, a global advisory firm, say they're committed to health and productivity improvement in the years ahead. 2

Employer efforts are bearing fruit. According to one report, 38% of employees are more engaged and nearly 20% are more willing to make an extra effort when they see that their employer is invested in their well-being. 3

The Profile of a Successful Wellness Program

Tailored: An effective employee wellness program is multifaceted and must reflect the personal needs and interests of a diverse workforce.

Incentives: Incentives, such as rewards and recognition, communicate the employer s care and support for the program and help drive employee participation.

Measurable: To maintain ongoing support, there should be tracking of the program‘s impact.

Common Wellness Program Offerings

The most common employer wellness offerings include smoking cessation, physical activity, mental health, health club membership, and weight management.

Yet 76% of employers agree that their companies are focusing more on overall wellbeing, as opposed to just physical wellbeing. As a result, many are adding other features to their wellness programs, such as social health and financial management.

A Bonus

Good health is as much a social endeavor as it is a personal journey. These programs can often create employee interactions unlikely to occur during the workday, prompting conversations and relations that catalyze new ideas and improve your work culture.

  1. CDC.gov, April 1, 2016

  2. Willis Towers Watson, "2015/2016 Global Staying@Work Survey"

  3. HuffingtonPost.com, July 12, 2016
    Virgin Pulse, 2016, "The Business of Healthy Employees

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2018 FMG Suite.

DISCLAIMER: This website is for informational purposes only and does not constitute a complete description of our investment advisory services or any past performance. This website is neither a solicitation nor an offer to sell securities or investment advisory services except where we are appropriately registered or exempt from such registration. Information throughout this site, whether stock quotes, charts, articles, or any other statement or statements regarding market or other financial information, is obtained from sources which we and our suppliers believe to be reliable.  However, we do not warrant or guarantee the timeliness or accuracy of this information. Nothing on this website should be interpreted to state or imply that past results are any indication of future performance. THERE ARE NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO ACCURACY, COMPLETENESS, OR RESULTS OBTAINED FROM ANY INFORMATION POSTED ON THIS OR ANY 'LINKED' WEBSITE.