Corporate Wellness Plan ROI
Corporate Wellness Plan ROI: Fact or Fiction?
Corporate Wellness Programs … do they offer a strong return on investment? This is a question that we are sure goes through ever organization’s mind. HR Magazine addresses the Corporate Wellness Plan ROI topic in their June 2008 issue.
Corporate Wellness Plan ROI: The Bottom Line
According to the article, titled “Finding Wellness’ Return on Investment,” determining Corporate Wellness Plan ROI is not an easy thing to do for companies because it involves a lot of different variables and time.
However, the companies that have taken the time to determine the Corporate Wellness Plan ROI of their Corporate Wellness Programs have found that it is quite significant. Not to mention, the Wellness program’s effect on the improvement of staff member health and the slowing of the rate of their staff member health care expenses.
Corporate Wellness Plan ROI Alliance
Corporate Wellness Plan ROI is such an important part of today’s organization culture, that several large companies 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 Corporate Wellness Programs.
The alliance, formed by BMW of North America, Henry Ford Health System, Kraft Foods Global, Schlumberger Limited and MasterCare Worldwide, strongly believes in showing the value of Corporate Wellness Programs and want to develop a standard for how Corporate Wellness Programs are measured.
Corporate Wellness Programs Components
According the alliance, the following components should make up an organization-provided staff member Corporate Wellness Program:
Employee assistance Program
Disease Management Programs (DM)
Fitness and exercise Programs
Health Risk Assessments
On-Site health care Programs
Individual wellness profiles
Preventive Health Screenings and immunizations
Smoking-cessation Programs
Telephone based Corporate Wellness Programs
Weight Management / Loss Programs
Self-Care Programs.
