Do You Know the ROI on Your Employee Wellness Program?
You want every investment you make in your company to result in profitable outcomes. Your corporate wellness program shouldn’t be an exception to that rule.
So, how does investing in quality employee wellness programs result in higher profits? Let’s take a look.
Corporate Wellness by the Numbers
37% Decrease in Absenteeism
Employees who engage in healthy physical and mental habits take fewer sick days.
21% Rise in Productivity
Fewer sick days and increased enthusiasm and alertness means a rise in productivity.
26% Decrease in Health Expenditures
Companies save $3.27 on average in healthcare expenses for each dollar invested in wellness programs.
65% Lower Employee Turnover
Employees who feel valued and who take care of their physical and mental health are less likely to leave a company.
Interested in learning more about how DHS corporate wellness programs could improve your bottom line?
Big Picture: Higher ESG Score = Higher Profit
On an even larger scale, employee wellness programs improve the environmental, social, and governmental performance of your organization. They communicate to employees and shareholders that your organization prioritizes health and wellbeing.
A strong ESG performance makes investors more confident in your company. Shareholders have noticed the correlation between high ESG scores and long-term company performance. This has made them increasingly focussed on investing in businesses built for long-term sustainability.
A higher ESG score also attracts and retains talent, especially Millennials and Gen Z. These generations are socially conscious and are more satisfied working for a socially conscious company. Satisfied employees lead to higher productivity and lower turnover for a more profitable organization long-term.
Is Your Wellness Program Profitable?
While wellness programs are beneficial to companies and their employees, it is wise to revisit your program from time to time to ensure it is a smart investment. If you are spending money on a wellness program without seeing much return, it may be time to consider other options.
At DHS, we specialize in corporate wellness programs that…
- Improve employee retention
- Increase employee harmony
- Reduce grievance claims
- Decrease turnover
- Expand productivity
- Lower workers’ compensation claims
- Improve customer service
- Mitigate absenteeism
These benefits add up quickly for a wellness program that pays dividends.