Employee Health and Wellness Program ROI
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Tagged Under : Employee Health and Wellness, Employee Health and Wellness Programs, ROI
For well over a decade, research has been showing the effectiveness of Employee Health and Wellness Programs. For every dollar spent on Employee Health and Wellness Programs, the returns have been cost savings of between $2.30 and $10.10 in the areas of decreased rates of absence, fewer sick days, decreased WSIB/WCB claims, lowered health and insurance costs, and improvements to worker performance and productivity.
Statistics do show that Employee Health and Wellness Programs increase worker morale, improve the ability to attract and retain key individuals, all while having more alert and productive staff members. Some Employee Health and Wellness Program return on investment statistics of note:
• Canada Life Insurance reported a return of $3.43 on Employee Health and Wellness Program, and an overall Employee Health and Wellness Program return on investment of $6.85 on each corporate dollar invested on decreased turnover (32.4 percent lower), productivity gains and decreased medical claims,
• DuPont’s Employee Health and Wellness Program pilot sites saw a saving of 11,726 disability days and a return of U.S. $2.05 for every dollar invested by the end of the second year,
• The Canadian government’s Employee Health and Wellness Program return on investment was $1.95-$3.75 per worker per dollar spent (as found by Dr. Roy Shephard),
• Municipal staff members in Toronto, missed 3.35 fewer days in the first six months of their Employee Health and Wellness Program than staff members not enrolled in the program,
• British Columbia Hydro staff members enrolled in a Employee Health and Wellness Program had a turnover rate of just 3.5 percent compared with a Business average of 10.3%,
• Johnson & Johnson estimated an average saving of U.S. $224.66 per worker per year for the four years examined after the program introduction, with the bulk of the savings being in the third and fourth years,
• Pacific Bell found that overall rates of absence decreased after implementing a Employee Health and Wellness Program,
• Coca Cola report saving $500 every year per worker after implementing a Employee Health and Wellness Program, with only 60 percent of their staff members participating,
• Coors Brewing Co. found that for each dollar spent on their Employee Health and Wellness Program they saw a $5.50 return, and the staff members who participated decreased their absentee rate by 18%, and
• Prudential Insurance Company found that the benefits costs for staff members participating in their program were $312, as opposed to $574 for non-members
