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 Corporate wellness was once perceived as a warm-and-fuzzy feel-good business practice, is now considered a bottom-line driver, according to industry experts. According to a leading provider of corporate wellness services, employee health care costs have been increasing up two, three, four times as much as the year before and employers realized they needed to be proactive. Corporate wellness experts across the board said the return on investment is significant. A broadening body of statistics demonstrates the programs' effectiveness. According to a study published by the American Journal of Health Promotions, for every $1 spent on wellness programs, employers can expect a return of $2.30 to $10.10 through lower medical claims, reduced absenteeism, improved productivity and other factors.
Companies in various industries nationwide report saving millions of dollars due to corporate wellness programs.
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Everett, Wash.-based Providence Health System showed a company savings of $1.5 million, with $4.24 saved for every $1 spent over three years, according to company officials. |
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Officials for Wilmington, Del.-based DuPont Co. cited a 47.5- percent drop in absenteeism over a six-year period for participants in their wellness program. |
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Omaha, Neb.-based Union Pacific Railroad, with mostly union and blue-collar employees, introduced an employee wellness program after its medical costs soared to $6,000 per employee. After Union Pacific officials instituted what they called "a modest wellness program," they reported saving $1.26 million in health care costs in just one year, more than 50 percent more than they invested in the program. |
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Superior Coffee and Foods, a subsidiary of Chicago-based Sara Lee, reported the wellness program for its 1,200 employees showed 22 percent fewer hospital admissions, 29-percent shorter hospital stays and 42-percent lower expenses per admission when compared with other divisions. Long-term disability costs dropped 40 percent. |
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The Canadian Life Assurance Co. found turnover among wellness- program participants was reduced 32.4 percent over a seven-year period. |
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