Corporate Wellness ROI: Fact or Fiction?
Company Health & Wellness Initiatives … do they offer a strong return on investment? This is a question that we are sure goes through ever corporation’s mind. HR Magazine addresses the corporate wellness ROI topic in their June 2008 issue.
Corporate Wellness ROI: The Bottom Line
According to the article, titled “Finding Wellness’ Return on Investment,” determining Corporate Wellness ROI is not an easy thing to do for corporations because it involves a lot of different variables and time.
However, the businesses that have taken the time to determine the Corporate Wellness ROI of their Company Health & Wellness Initiatives have found that it is quite significant. Not to mention, the Company Health & Wellness program’s effect on the improvement of worker health and the slowing of the rate of their worker medical care expenses.
Corporate Wellness ROI Alliance
Corporate Wellness ROI is such an important part 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 Company Health & Wellness Initiatives.
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 Company Health & Wellness Initiatives and want to develop a standard for how Company Health & Wellness Initiatives are measured.
Company Health & Wellness Initiatives Components
According the alliance, the following components should make up an corporate-offered worker Company Health & Wellness Initiative:
- Disease Management Initiatives
- Employee assistance Initiatives
- Fitness and physical activity Initiatives
- Health risk assessments
- On-Site medical care Initiatives
- Individual wellness profiles
- Preventive health screenings and immunizations
- Tobacco-cessation Initiatives
- Telephone based wellness Initiatives
- Weight loss and weight management Initiatives
- Wellness educational opportunities and information
- Self-Care Initiatives
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