Healthy Employees Lead to A Prosperous Company
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Johnson & Johnson reported a cumulative savings of over 250 million throughout the past decade due to the establishment of the employee health and wellness program. *Berry, Mirabito, and Baun, Harvard Business Review, 2010
Lowes Home Improvement “Quit Steps” smoking cessation program, implemented in 2011, saves employees $50 a month on insurance premiums.
Companies that have implemented a comprehensive corporate wellness program have seen substantial savings in health care costs for the company, as much as 20 percent or $2,000 less per employee, according to the 2010 Towers Watson Health Care Cost Survey. In addition to health care cost savings, improved health within a workforce increases productivity, reduces absenteeism due to illness, helps employees better manage their stress and offers employees an appealing benefit program.
With the new rewards and incentives offered by the Affordable Care Act, corporate wellness is now more than ever becoming a standard component of company benefit packages. Not only is it good business, but investing in the health of your workforce has been proven to show a positive difference in productivity and your bottom line.