Posted by Health Wellness | Posted in Health And Wellness In The Workplace | Posted on 12-11-2008
Workplace Health and Wellness Plan ROI: Fact or Fiction?
Workplace Wellness Initiatives … do they provide a strong return on investment? This is a question that we are sure goes through ever corporation’s mind. HR Magazine addresses the Workplace Health and Wellness Plan ROI topic in their June 2008 issue.
Workplace Health and Wellness Plan ROI: The Bottom Line
According to the article, titled “Finding Wellness’ Return on Investment,” determining Workplace Health and Wellness Plan ROI is not an easy thing to do for businesses because it involves a lot of different variables and time.
However, the companies that have taken the time to determine the Workplace Health and Wellness Plan ROI of their Workplace Wellness Initiatives have found that it is quite significant. Not to mention, the Wellness program’s effect on the improvement of worker health and the slowing of the rate of their worker health care costs.
Workplace Health and Wellness Plan ROI Alliance
Workplace Health and Wellness Plan ROI is such an important aspect of today’s corporate culture, that several large companies have come together to form the Alliance for Wellness ROI, Inc. According to the HR Magazine article, The Alliance for Wellness ROI was specifically created to address the lack of consistency in proving the value of Workplace Wellness Programs.
The alliance, formed by Henry Ford Health Systems, BMW of North America, Kraft Foods Global, MasterCard Worldwide and Schlumberger Limited, strongly believes in showing the value of Workplace Wellness Initiatives and want to develop a standard for how Workplace Wellness Initiatives are measured.
Workplace Wellness Initiatives Components
According the alliance, the following components should make up an corporate-offered worker Workplace Wellness Program:
Employee assistance Programs
Disease Management Program
Fitness and physical activity Programs
Health Risk Assessments (HRAs)
On-Site health care Programs
Personal wellness profiles
Preventive Health Testings and immunizations
Tobacco-cessation Programs
Phone based Workplace Wellness Initiatives
Weight loss and weight management Programs
Self-Care Programs.