Posted by Corporate Wellness | Posted in Corporate Wellness | Posted on 08-11-2008
Corporate Wellness Program ROI: Fact or Fiction?
Corporate Wellness Programs … do they offer a strong return on investment? This is a question that we are sure goes through ever corporation’s mind. HR Magazine addresses the Corporate Wellness Program ROI topic in their June 2008 issue.
Corporate Wellness Program ROI: The Bottom Line
According to the article, titled “Finding Wellness’ Return on Investment,” determining Corporate Wellness Program ROI is not an easy thing to do for businesses because it involves a lot of different variables and time.
However, the organizations that have taken the time to determine the Corporate Wellness Program ROI of their Corporate Wellness Programs have found that it is quite significant. Not to mention, the Wellness program’s effect on the improvement of employee health and the slowing of the rate of their employee health care costs.
Corporate Wellness Program ROI Alliance
Corporate Wellness Program ROI is such an important part of today’s corporate culture, that several large organizations 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 Corporate Wellness Programs.
The alliance, formed by Henry Ford Health Systems, BMW of North America, Kraft Foods Global, Schlumberger Limited and MasterCare Worldwide, strongly believes in showing the value of Corporate Wellness Programs and want to develop a standard for how Corporate Wellness Programs are measured.
Corporate Wellness Programs Components
According the alliance, the following components should make up an corporate-provided employee Corporate Wellness Program:
Employee assistance Program (EAP)
Disease Management Programs (DM)
Fitness and physical activity Programs
Health Risk Appraisals
Worksite health care Programs
Individual wellness profiles
Preventive Health Screening and Biometric Testings and immunizations
Tobacco-cessation Programs
Telephone based Corporate Wellness Programs
Weight Management and Weight Loss Programs
Self-Care Programs.