Employee Success Means Business Success
When it comes to their employee health improvement programs, many business owners focus on the ROI; a wellness program seems like an additional cost that will negatively impact the bottom line. These employers don’t realize that businesses without wellness programs have increased absenteeism and presenteeism that results in vastly decreased productivity; it’s far more of a financial loss than the cost of implementing a wellness program.
Healthy, happy employees are more productive; they also keep insurance premiums down. By implementing a wellness program through BlueBack Health, you can achieve two objectives: benefiting your employees and benefiting your business.
BlueBack Health offers two distinct services that bring wellness to a range of businesses to improve outcomes and reduce costs.
- BlueChip: a turnkey wellness platform for both small and medium-sized employers.
- CustomBlue: custom created wellness programs driven by an organization’s unique needs and metrics.
Curious about the benefits of a wellness program? Keep reading!
Individual lifestyle behaviors determine 65-70% of health status* (CDC)
Poor health costs employers $576 billion per year-40% is due to medical & pharmacy costs; 40% is due to operational costs such as absenteeism (overtime, turnover, temp staffing, workload shifts, replacement training); and presenteeism (working slowly, lower quality, customer dissatisfaction); and 20% is due to wage replacement such as short-term and long-term disability, PTO, etc. (Integrated Benefits Institute, 2012)
In addition to decreasing medical and pharmacy costs, which translates to lower health insurance costs, the ROI for a wellness program can be measured by:
- Improved employee morale
- Increased employee engagement
- Reduced absenteeism due to illness
- Reduced presenteeism
- Higher productivity
- Improved workplace safety
- Improved overall company culture: organizations with highly engaged and thriving employees are more profitable
81% of companies that offer wellness programs say that promoting health behaviors is a very important benefits strategy. (MetLife 12th Annual Study of Employee Benefits Trends)