Quality workplace wellness initiatives are usually seen as an expense by employers, yet have been proven time and time again to be one of the most effective ways to invest in a growing company.
This return can be seen in both hard and soft costs and for both employers and employees in diverse ways.
1. Healthcare Cost Savings
It’s no surprise to employers that medical costs on all fronts are only growing- and it’s not a light investment in the first place.
But instead of cutting coverage to find savings, beginning a workplace wellness program can help do just that. 72% of employers saw a reduction in healthcare cost after implementing a wellness program* and a meta-analysis on these types of wellness initiatives found that, on average, medical costs fall by about $3.27 for every $1 spent on wellness programs.*
The answer to lowering healthcare costs without sacrificing benefits seems clear here.
2. Better Employee Health
Wellness benefits in the workplace are becoming more and more common- and for good reason. Quality programs can have profound results when it comes to individual health outcomes.
57% of employees with high health risks became low-risk after a work-provided exercise program.*
Not only does this show your employees that you are invested in their well-being, but you also have an opportunity to provide employees an opportunity to genuinely improve their quality of life.
3. Higher Employee Retention
Employee turnover is inevitable, but so is the fact that better retention leads to better results. High turnover not only costs money, but time, resources, and unity morale. Considering that voluntary turnover in the US doubled in just 10 years (2011-2021),* researchers have deemed our time as “The Great Resignation;” And in today's market, it’s not just about the pay, as less than one in ten employees left their jobs for pay reasons alone.*
While workplace wellness programs won’t solve all of your problems and create perfect retention, 85% of employees under a company wellness program intend to stay at their current job, compared to 58% who are not under an employer-provided wellness program.*
Between the benefit itself and the downstream effects of these initiatives, wellness programs can contribute greatly to employee satisfaction and retention at your company.
4. Decreased absenteeism
Having employees who produce good work only matters if they are present to produce that work. And while our employees are human and a level of absenteeism is to be expected, employers providing wellness programs have seen a 14-19% reduction in absenteeism.*
Between better health + fewer healthcare appointments, employee attendance creates better morale, unity, results, and growth.
5. Increased Employee Satisfaction
When employers feel fulfilled and satisfied with their work and their workplace, you are setting up both sides of the business up for success.
80% of employees whose employers are engaged in their wellness say they enjoy work, compared to 40% otherwise.*
Whether the employees are client-facing or on the backend, hosting a healthy work culture starts with workers feeling fulfilled in what they do and happy where they are. And when they like what they do, clients have better experiences and the backend functions more smoothly.
Sounds like a win-win…and another win.
6. Improved Performance & Productivity
84% of employers reported higher employee productivity and performance due to wellness plans.*
That statistic speaks for itself.
The numbers are clear - let’s make the path for your business clear, too.
Support your employees + invest in your business’ growth with a Fighting Strength Fitness Corporate Wellness Program. Check out our Corporate Wellness Overview Page and send us a message. We'll chat about what exactly your business needs and how we get there - together.
References & Resources
EBN. “Wellness Programs Cut Sick Days, Improve Productivity.”
WellSteps. “The 7 Best Reasons to Have a Wellness Program: Benefits of Wellness.”
Harvard Business Review. “What’s the Hard Return on Employee Wellness Programs?”
Bravo. “Do Wellness Programs Save Companies Money?”
Work Institute. 2022 Retention Report.