Article Contributed on: 12/16/2008 3:10:43 PM
The Denver Business Journal recently published an article emphasizing that as the economy sours and budgets are getting tighter, the popularity of employee wellness programs is increasing. The reason for this trend is three-fold...
Influence on
Current Budget Line Items
A truly effective employee wellness program will not only improve long terms expenses such as health care and disability costs. Rather, they have a notable impact on areas such as sick time and retention as well, both areas that will positively impact the bottom line of companies
today.
Long Term ROI
When budgets tighten, leaders look for investments that will provide the greatest ROI over time. An effective wellness program provides exactly that. Data clearly demonstrates that an ROI of $3 - 6 for every $1 invested is typical. These days, that's a figure that's tough to beat.
Annual Reminder
While some concepts are considered and then put to the side, business leaders are reminded on an annual basis that the lack of health and wellness on the part of their employees is costing them more and more. It's often at this time when they turn to ideas on how to stem this tide and move in the right direction with an effective employee wellness program.
There are many options for employee wellness programs available to employers. However, selecting an effective one is critical for long term success. For more information around the research surrounding the ROI of Employee Wellness, feel free to access the free White Paper under the "Solid ROI" tab at
www.USCorporateWellness.com