In the past several years, a significant effort has been put forth by the nation's employers to improve the health and wellness of their employees.
In the past several years, a significant effort has been put forth by the nation's employers to improve the health and wellness of their employees. These types of pursuits are certainly worthy of investment and attention, as enhanced employee health and wellness programs can translate to fewer instances of employee absenteeism, stronger engagement and higher overall productivity throughout the business.
The Associated Press recently reported that the rate of companies that have started using health and wellness programs has increased in the past few years, and that the Patient Protection and Affordable Care Act was likely one of the more important catalysts of this trend. According to the news provider, the ACA includes provisions that are expected to dramatically increase the cost of employee benefits programs in general, and companies have responded in relatively innovative ways.
Although the higher costs of employer health care might not be the most positive matter discussed in the private sector today, the increase in wellness program utilization likely represents a fairly significant silver lining. The source noted that one study from Towers Watson revealed that more than one-fifth of larger enterprises that have incentivized wellness programs involves penalties for employees do not perform at a certain level, representing a higher rate than surveys in the past.
At the end of the day, companies that take strong approaches to health and wellness programs will likely enjoy higher levels of engagement among staff members, as well as increased resilience to operational disruptions. If you would like to learn how SOC 2 compliance can impact the outcomes of various employee recognition programs and other aspects of operational management, click here to download our white paper.