Can an Employee Wellness Program Improve Morale?Posted: February 18, 2013
By Stephanie Faris, Originally Posted on Intuit Small Business Blog
If you offer health-care insurance to your employees, it’s likely one of your biggest expenses after paying their salaries. By introducing a wellness program and encouraging workers to take better care of themselves, you could save money in insurance premiums and lost productivity due to illness. According to a CDC study, wellness programs can help businesses save up to $2.43 for every $1 spent.
What’s more, a wellness program can boost employee morale and help companies attract and retain talent. Or can it? Here are a few pros and cons to consider.
- Employees like job perks. Businesses are partnering with Weight Watchers, Retrofit, and Nutrisystem to provide weight-loss tools at a discount or for free. These tools, sometimes offered in addition to a gym membership, enable employees to lose weight and get fit without taking a bite out of their household budgets.
- Wellness programs foster hard work and loyalty. In a study by Principal Financial Group, 41 percent of respondents either strongly or somewhat agreed that wellness benefits made them harder-working, better-performing employees. Additionally, 40 percent of respondents stated that a wellness program would make them more likely to stay with an employer.
Interested in learning more about employee wellness programs? Check out LifeVest Health where you can get paid to get healthy!