Corporate Wellness Plan ROI
For well over a decade, research has been showing the effectiveness of Corporate Wellness Programs. For every dollar spent on Corporate 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 worker performance and productivity.
Statistics do show that Corporate Wellness Programs increase worker morale, improve the ability to attract and retain key individuals, all while having more alert and productive workers. Some Corporate Wellness Plan return on investment (ROI) statistics of note:
• Canada Life Insurance reported a return of $3.43 on Corporate Wellness Program, and an overall Corporate Wellness Plan return on investment (ROI) of $6.85 on each organization dollar invested on decreased turnover (32.4% lower), productivity gains and decreased medical claims,
• DuPont’s Corporate Wellness Plan pilot sites saw a saving of 11,726 disability days and a return of United States $2.05 for every dollar invested by the end of the second year,
• The Canadian government’s Corporate Wellness Plan return on investment (ROI) was $1.95-$3.75 per worker per dollar spent (as found by Dr. Roy Shephard),
• Municipal workers in Toronto, missed 3.35 fewer days in the first six months of their Corporate Wellness Plan than workers not enrolled in the program,
• British Columbia Hydro workers enrolled in a Corporate Wellness Plan had a turnover rate of just 3.5% compared with a Organization average of 10.3%,
• Johnson & Johnson estimated an average saving of United States $224.66 per worker 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 found that overall rates of absence decreased after starting a Corporate Wellness Program,
• Coca Cola report saving $500 every year per worker after starting a Corporate Wellness Program, with only 60% of their workers participating,
• Coors Brewing Co. found that for every dollar spent on their Corporate Wellness Plan they saw a $5.50 return, and the workers who participated decreased their absentee rate by 18%, and
• Prudential Insurance Company found that the benefits costs for workers participating in their program were $312, as opposed to $574 for non-participants
