Why implement Corporate Wellness Programme?
Direct saving on medical cost in the long run
A meta-analysis of the literature on costs and savings associated with workplace wellness programmes found that medical costs fall by about $3.27 for every $1 spent on wellness programmes, and that absenteeism costs fall by about $2.73 for every $1 spent. “Workplace wellness programs can generate savings” Baicker K, Cutler D, Song Z, Health Aff (Millwood). 2010 Feb; 29(2):304-11
For every dollar we invest in our workers’ health, we see a return of more than $4 in reduced health care costs. “What’s the Hard Return on Employee Wellness Programs?” in the December 2010 issue of HBR by William C. Weldon former Chief Executive of Johnson and Johnson
Indirect saving in the long run
1. A healthier, more productive, more committed workforce
2. Lower absenteeism
3. Better team work
4. Increase loyalty towards the company
5. Recognized in the community for being good community partners
6. Arouse employees’ interest in the wellbeing of their families and their colleagues
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