Posted by Company Wellness | Posted in Company Wellness | Posted on 25-10-2008
Company Wellness Program ROI: Fact or Fiction?
Corporate Health Promotion Programs … do they offer a strong return on investment? This is a question that we are sure goes through ever company’s mind. HR Magazine addresses the Company Wellness Program ROI topic in their June 2008 issue.
Company Wellness Program ROI: The Bottom Line
According to the article, titled “Finding Wellness’ Return on Investment,” determining Company Wellness Program ROI is not an easy thing to do for corporations because it involves a lot of different variables and time.
However, the organizations that have taken the time to determine the Company Wellness Program ROI of their Corporate Health Promotion 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 medical care expenses.
Company Wellness Program ROI Alliance
Company Wellness Program ROI is such an important aspect of today’s company 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 Health Promotion 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 Health Promotion Programs and want to develop a standard for how Corporate Health Promotion Programs are measured.
Corporate Health Promotion Programs Components
According the alliance, the following components should make up an company-offered employee Corporate Health Promotion Program:
Employee assistance Programs (EAPs)
Disease Management Program
Fitness and physical activity Programs
Health Risk Assessments / Health Risk Appraisals
On-Site medical care Programs
Personal wellness profiles
Preventive Health Screenings and immunizations
Smoking-cessation Programs
Telephone based Corporate Health Promotion Programs
Weight loss and weight management Programs
Self-Care Programs.