Posted by Company Wellness | Posted in Company Wellness | Posted on 25-11-2008
For well over a decade, research studies have been showing the effectiveness of Corporate Health Promotion Programs. For every dollar spent on Corporate Health Promotion Programs, the returns have been cost savings of between $2.30 and $10.10 in the areas of decreased rates of absence, fewer sick days, reduced WSIB/WCB claims, lowered health and insurance costs, and improvements to worker performance and productivity.
Statistics do show that Corporate Health Promotion Programs increase worker morale, improve the ability to attract and retain key workers, all while having more alert and productive workers. Some Company Wellness Program return on investment (ROI) statistics of note:
• Canada Life Insurance reported a return of $3.43 on Corporate Health Promotion Program, and an overall Company Wellness Program return on investment (ROI) of $6.85 on each company dollar invested on reduced turnover (32.4 percent lower), productivity gains and decreased medical claims,
• DuPont’s Company Wellness Program pilot sites saw a saving of 11,726 disability days and a return of U.S. $2.05 for every dollar invested by the end of the second year,
• The Canadian government’s Company Wellness Program return on investment (ROI) was $1.95-$3.75 per worker per dollar spent (as reported by Dr. Roy Shephard),
• Municipal workers in Toronto, missed 3.35 fewer days in the first six months of their Company Wellness Program than workers not enrolled in the program,
• British Columbia Hydro workers enrolled in a Company Wellness Program had a turnover rate of just 3.5 percent compared with a Organization average of 10.3 percent,
• Johnson & Johnson estimated an average saving of U.S. $224.66 per worker per year for the four years examined after the program introduction, with the bulk of the savings being in the third and fourth years,
• Pacific Bell reported that overall rates of absence decreased after starting a Corporate Health Promotion Program,
• Coca Cola report saving $500 every year per worker after starting a Corporate Health Promotion Program, with only 60 percent of their workers taking part,
• Coors Brewing Co. reported that for every dollar spent on their Company Wellness Program they saw a $5.50 return, and the workers who participated reduced their absentee rate by 18 percent, and
• Prudential Insurance Company reported that the benefits costs for workers taking part in their program were $312, as opposed to $574 for non-participants