What are the 7 key benefits of a corporate wellness program and the examples of an efficient corporate wellness program| ,
Corporate wellness is an innovative idea that is implemented by an employer to keep his employees and organizations healthy. There are many benefits of a corporate wellness program. Today everyone wants to look fit and smart and people are spending a lot of money on gyms, yoga centers, and other things to remain healthy. A corporate wellness program includes incentives, tools, social support, privacy, and strategies that help the employees to adopt and maintain healthy behaviors.
Physical Inactivity and sitting all day long in offices increases the risk of cardiovascular diseases, diabetes, obesity, and other sedentary lifestyle health issues. Therefore, it is important to encourage your employees to implement changes in their lifestyle so that they can easily overcome the ill-effects of a sedentary lifestyle.
According to a survey, a large majority (87 percent) of employers are committed to workplace wellness, and 73 percent offer a wellness program. Balanced employees result in lower health insurance costs and fewer sick days, among many other benefits.
7 key benefits of a corporate wellness program:
1. Lower Health Cost
The major advantage of implementing a corporate wellness program is that it results in lower health costs. According to a literature review, the average return on investment of implementing wellness programs in the workplace is 3.27. This means that for every dollar that was spent on the program the company saved $3.27 due to the reduced health care expenditures.
2.High Employee Engagement
The organizations that introduce wellness programs to their employees report higher employee engagement. This further benefits the employee to maintain good health. These programs also boost employee’s morale and give reasons to your employees to stay and help your organization remain competitive within the labour market.
3. Increased Productivity-
It is considered as one of the major benefits of a corporate wellness program. Healthy employees are enthusiastic and they perform their activities with all their heart and this leads to higher employee productivity. The corporate wellness programs make the employees believe that the company cares about them and they feel satisfied during their work hours.
4. Improves Brand Image
It helps in improving the brand image as happy employees will appreciate your efforts and will praise you in front of others thus building a strong image of the company. It can boost recognition, consistency and also help in driving new well-skilled and qualified employees to the company.
5. Reduced Absenteeism–
Corporate wellness programs result in reduced absenteeism. Healthy employees are less likely to remain absent from work and will enjoy coming to the office every day. According to a survey by IFEBP, after implementing wellness programs in their companies, 50% of employers reported decreased absenteeism.
6. Positive Work Environment-
The corporate wellness program helps in building a vibrant office culture. These programs bring employees together and strengthen their relationships. A new survey by Virgin HealthMiles Inc. and Workforce Management Magazine showed that around 77% of employees think that employee wellness programs have a positive impact on the work culture.
7. Higher Retention
These programs can help you tackle the problem of employee turnover, thus resulting in higher retention. If your program is effective then you are less likely to lose your employees. The survey by IFEBP also shows that after implementing wellness programs, around 67% of employers reported increased employee satisfaction, and 66% reported increased productivity.
The benefits of a corporate wellness program are innumerable. These programs not only help the employees but also the organizations as they have a direct, tangible effect on the productivity and profits of a company. Encouraging your employees to balance their work and home lives can have a profound impact on their job satisfaction and performance, enabling you to do what’s best and most effective for your company.
If you feel the need to empower your employees with our corporate wellness package, contact us here.