Posted by Corporate Wellness | Posted in Corporate Wellness Program | Posted on 26-10-2008
Corporate Wellness Program ROI: Fact or Fiction?
Corporate Wellness Programs … do they provide a strong return on investment? This is a question that we are sure goes through ever company’s mind. HR Magazine addresses the Corporate Wellness Program ROI topic in their June 2008 issue.
Corporate Wellness Program ROI: The Bottom Line
According to the article, titled “Finding Wellness’ Return on Investment,” determining Corporate Wellness Program ROI is not an easy thing to do for companies because it involves a lot of different variables and time.
However, the businesses that have taken the time to determine the Corporate Wellness Program ROI of their Corporate Wellness Programs have found that it is quite significant. Not to mention, the Wellness program’s effect on the improvement of worker health and the slowing of the rate of their worker health care costs.
Corporate Wellness Program ROI Alliance
Corporate Wellness Program ROI is such an important aspect of today’s corporate culture, that several large businesses 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 Wellness Programs.
The alliance, formed by BMW of North America, Henry Ford Health System, Kraft Foods Global, MasterCard Worldwide and Schlumberger Limited, strongly believes in showing the value of Corporate Wellness Programs and want to develop a standard for how Corporate Wellness Programs are measured.
Corporate Wellness Programs Components
According the alliance, the following components should make up an corporate-provided worker Corporate Wellness Program:
Employee assistance Programs
Disease Management Program
Fitness and exercise Programs
Health Risk Appraisals
Worksite health care Programs
Individual wellness profiles
Preventive Health Screening and Biometric Testings and immunizations
Smoking-cessation Programs
Telephonic Corporate Wellness Programs
Weight Management / Loss Programs
Self-Care Programs.