Wellness Programs: What is the Value?
Posted on August 21, 2013 by TNS Consulting Team (via Scott Spayd)
Healthcare is on all organizations minds right now. There are going to be a large amount of changes coming our way and it is not only for organizations to think about how the healthcare reform will impact their structure, it also brings to light the cost of healthcare. One of the easiest and most effective ways to help cut benefit costs may be utilizing wellness programs.
I was talking to a friend of mine who just landed her first job. She is going to be working at a private academy and was telling me all the details over lunch. One of the parts of the job that she was most excited about was the free gym that is available for faculty and staff at the school. She was thrilled with the idea that she not only wouldn’t have to pay for a gym membership, but that she would have no excuse not to workout after work.
How does providing employees a way to workout help the organization? Active employees are generally healthier and visit the doctor less. When an organization’s employees have a low amount of healthcare benefits, the cost of benefits decreases significantly. How awesome is that!?
Another way to help cut costs? More and more organizations are utilizing in-house clinics. Think about it in terms of a sick employee. An employee that is sick or needs to go to the doctor will likely have to take time off of work to go to a doctor. This hinders the organization with lost time and sick time or vacation time may have to be paid out. However, with clinics on campus, employees can still work while receiving healthcare benefits at their organization.
What do you think are the best wellness program options available to organizations?