Employer Health and Wellness Program ROI
Employer Health and Wellness Program ROI: Fact or Fiction?
Employee Wellness Plans … do they offer a strong return on investment? This is a question that we are sure goes through ever organization’s mind. HR Magazine addresses the Employer Health and Wellness Program ROI topic in their June 2008 issue.
Employer Health and Wellness Program ROI: The Bottom Line
According to the article, titled “Finding Wellness’ Return on Investment,” determining Employer Health and Wellness Program ROI is not an easy thing to do for corporations because it involves a lot of different variables and time.
However, the businesses that have taken the time to determine the Employer Health and Wellness Program ROI of their Employee Wellness Plans have found that it is quite significant. Not to mention, the Wellness program’s effect on the improvement of employee health and the slowing of the rate of their employee medical care costs.
Employer Health and Wellness Program ROI Alliance
Employer Health and Wellness Program ROI is such an important aspect of today’s business culture, that several large businesses have come together to form the Alliance for Wellness ROI, Inc. According to the HR Magazine article, The Alliance for Wellness ROI was specifically created to address the lack of consistency in proving the value of Employee Wellness Programs.
The alliance, formed by Henry Ford Health Systems, BMW of North America, Kraft Foods Global, Schlumberger Limited and MasterCare Worldwide, strongly believes in showing the value of Employee Wellness Plans and want to develop a standard for how Employee Wellness Plans are measured.
Employee Wellness Plans Components
According the alliance, the following components should make up an business-offered employee Employee Wellness Program:
Employee assistance Programs
Disease Management Programs
Fitness and exercise Programs
Health Risk Assessments (HRAs)
Workplace medical care Programs
Individual wellness profiles
Preventive Health Screenings and immunizations
Tobacco-cessation Programs
Telephonic Employee Wellness Plans
Weight loss and weight management Programs
Self-Care Programs.
