As more businesses become concerned about rising healthcare costs, there is a general trend among enterprises to develop more corporate wellness programs.
As more businesses become concerned about rising healthcare costs, there is a general trend among enterprises to develop more corporate wellness programs. These initiatives encourage workers to lose weight, stop smoking and take additional steps to prevent costly medical procedures that can increase insurance premiums.
Companies that run wellness programs often link participation to reward and recognition programs to ensure better results. These incentives encourage workers to go to the gym or complete health screenings by providing additional motivation. Studies have shown that these management tools can offer a high return on investment, offering as much as $3 in healthcare savings for each dollar spent on the incentives.
However, organizations continue to look for ways to minimize expenses associated with wellness programs so they can remain competitive in their fields. Employee Benefits News listed several steps that companies can take to extract the best value from their campaigns. The source recommended that businesses start small to see how employees respond. Low participation levels reduces program efficiency, so firms need to find ways to get staff members on board. This approach is also essential to getting employees to see results. Helping workers break down personal goals into manageable sections gives them the confidence needed to see results over the long term.
Create a health-conscious culture
Having a lot of workers involved in wellness programs becomes easier if companies make healthy decisions part of their corporate culture. Business Day stated that creating a shared vision encourages workers to participate in company-wide initiatives. Employee reward recognition programs are an effective way to foster a shared culture. Seeing their peers' hard work acknowledged may inspire staff members to take additional steps to improve their own health.
Once there is a sufficient number of participants, businesses need to ensure they are measuring the program's results so that adjustments can be made to its design, according to Employee Benefits News. Continual improvement is the only way to keep wellness programs and other corporate initiatives fresh and relevant for workers, so information needs to be captured to determine success rates and cost benefits.
Having this data allows organizations to learn from mistakes and develop an incentive program that resonates with most employees. High levels of participation can help integrate health and wellness elements into company culture, which will contribute to future campaign success.