Employee Health and Wellness Program Return On Investment
Posted by Health Screening | Posted in Wellness Program | Posted on 21-11-2008
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For well over a decade, research has been showing the effectiveness of Employee Health and Wellness Programs. For every dollar spent on Employee Health and Wellness Programs, the returns have been cost savings of between $2.30 and $10.10 in the areas of decreased rates of absence, fewer sick days, decreased WSIB/WCB claims, lowered health and insurance costs, and improvements to staff member performance and productivity.
Statistics do show that Employee Health and Wellness Programs increase staff member morale, improve the ability to attract and retain key staff members, all while having more alert and productive workers. Some Employee Health and Wellness Program return on investment statistics of note:
• Canada Life Insurance reported a return of $3.43 on Employee Health and Wellness Program, and an overall Employee Health and Wellness Program return on investment of $6.85 on each corporate dollar invested on decreased turnover (32.4 percent lower), productivity gains and decreased medical claims,
• DuPont’s Employee Health and Wellness Program pilot sites saw a saving of 11,726 disability days and a return of U.S. $2.05 for every dollar invested by the end of the second year,
• The Canadian government’s Employee Health and Wellness Program return on investment was $1.95-$3.75 per staff member per dollar spent (as reported by Dr. Roy Shephard),
• Municipal workers in Toronto, missed 3.35 fewer days in the first six months of their Employee Health and Wellness Program than workers not enrolled in the program,
• British Columbia Hydro workers enrolled in a Employee Health and Wellness Program had a turnover rate of just 3.5 percent compared with a Organization average of 10.3%,
• Johnson & Johnson estimated an average saving of U.S. $224.66 per staff member per year for the four years examined after the program introduction, with the bulk of the savings being in the third and fourth years,
• Pacific Bell reported that overall rates of absence decreased after implementing a Employee Health and Wellness Program,
• Coca Cola report saving $500 every year per staff member after implementing a Employee Health and Wellness Program, with only 60 percent of their workers participating,
• Coors Brewing Co. reported that for each dollar spent on their Employee Health and Wellness Program they saw a $5.50 return, and the workers who participated decreased their absentee rate by 18%, and
• Prudential Insurance Company reported that the benefits costs for workers participating in their program were $312, as opposed to $574 for non-participants


Employee Health Screening