When your employees are ailing, your business is also likely to suffer. The health and wellbeing of your employees can play a big part in your company’s success, as a happy, healthy workforce has several benefits, including:
- Increased productivity
- Reduced absenteeism
- Decreased medical costs
Many small business owners have turned to workplace wellness programs to help improve the wellbeing of their employees. Over time, these programs have evolved to address specific issues to better serve employers and their employees. Here are some recent wellness trends than may be a good fit for your business.
Wellness programs have become very popular in recent years. In its 2017 Employee Benefits Survey, The Society for Human Resource Management (SHRM) found that 24 percent of organizations added to their wellness benefits, which was the biggest increase for any benefit during the year.
While more businesses are investing in wellness initiatives, some owners may ask how effective workplace wellness programs really are. The answer to that can depend on your goals.
One of the largest contributors to mental health problems in the workplace is stress. Not only are mental health issues difficult to recognize, we also cannot assume an employee’s stresses from everyday life are checked at the door when they arrive at work every morning.
Everyday life stresses coupled with the pressures that work brings could be detrimental to both the employee and the business. This can have serious impact on an employee’s overall health and employers must take the appropriate steps to protect both the employees and the business.
Employers often wonder if a wellness program can truly fit into their workforce demographic. Every employee’s needs can vary depending on their job description and working environment. Nowadays, this could mean work that is sedentary office-based, labor intensive, extended shifts, travel, working from home, and more. The good news is that there is a way to provide specific information to any diverse demographic.
Self-improvement is a constant thought in most consumer’s minds and the advertising industry knows this all too well. “The weight loss industry is a 60-billion-dollar business” oversaturated with fitness gurus and companies advocating various fad diets and weight-loss products. However, these media-marketed solutions don’t stick and people end up feeling confused and frustrated.
Aside from the quick-fix mentality from the media, people are also growing tired of the “just eat less and move more” advice they may receive from their physicians and peers. However, professional wellness coaches, who are trained in behavior modification techniques, can help individuals bridge the gap between medical recommendations and the behaviors required to implement them.
Did you know that 75 percent of all healthcare costs are attributed to preventable conditions? Imagine the burden this places on employers and their healthcare costs. Here is what the numbers are saying:
- 45 percent of Americans suffer from at least one chronic disease.
- More than two-thirds of all deaths are caused by these five chronic diseases: heart disease, cancer, stroke, chronic obstructive pulmonary disease, and diabetes.
- Treatment for chronic disease constitutes roughly 96 cents per dollar for Medicare and 83 cents per dollar for Medicaid.
- More than one in four Americans have multiple chronic conditions (MCC), and this number is continuing to grow.
Chronic disease, by definition, is a disease that typically lasts three months or longer. In most cases, chronic conditions can be controlled but not cured. In fact, it affects 1.7 million lives each year, being the leading cause of death and disability in the United States. Many people assume this is only affecting the elderly, but in the past 10 years, working aged adults being diagnosed with chronic diseases increased by 25 percent. This epidemic is having a strong effect on the cost of healthcare. A study performed at Milken Institute examined the relationship between chronic disease and absenteeism among full time workers. The study focused on seven different diseases and found that the indirect costs of chronic diseases (such as missed days away from work) are higher than the direct cost to treat them.
The health and fitness industry is growing in the corporate world; yet preventable diseases are still the leading cause of skyrocketing healthcare costs for employers and their workforce.
Here at Group Management Services, we do our best to design a program that is suited for everyone and every population. Our main priority is to help your employees achieve their personal health goals without interfering with your business. There are many benefits for the employer as well, such as a decrease in medical costs, reduced absenteeism, increased productivity, and business incentives through the ACA for offering a Wellness Program. Here is what GMS promises you:
- A customized program that is designed to suit your work environment and employee needs.
- A team of wellness experts comprised from various health backgrounds to offer personal, hands-on guidance that will create individual motivation and accountability
- Privacy for your employees under HIPPA and other federal regulations while working on personal health goals.
The truth of the matter is, there are strict government regulations to abide by when it comes to a workplace wellness program. As a result, many companies are turning to professional employer organizations to aid in the proper execution of an effective wellness program at their office.
Losing weight is one of the most popular New Year’s Resolutions. After a holiday season filled with cookies, candy, and booze, it’s easy to understand why.
Unfortunately, most people don’t stick to their resolutions. In fact, so many people fail at keeping them that January 17th has become known as National Ditch Your Resolution Day.
How Does This Impact Me?
It’s simple. Unhealthy employees cost more to employ. They are less productive, more likely to miss work, increase insurance premiums, and drive up workers’ compensation costs.
If pressed, most employers would say that having a “rich benefits package” is a great way to attract and retain top quality employees. The more perks the better, right?
Those same employers would also probably say that they can’t afford the richest of plans, but try to offer the best that they can afford. Well, if you believe those two statements, you’re going to love reading this.