roi of wellness programs it’s not just about the bottom line! katherine fellenstein
Post on 18-Dec-2015
213 Views
Preview:
TRANSCRIPT
ROI of Wellness
ProgramsIt’s not just about the bottom line!
Katherine Fellenstein
My Objectives today:
Show the value of a Wellness Program• Upper management perspective
• Employee perspective Describe types of return on investment for a Wellness Program
• Dollars
• Sense Demonstrate Weyerhaeuser’s findings
• What we have
• How it works Tie it all together
• Tools to sell with
What is the Value of a Wellness Program?
Different answers for different people . . .
Upper Management• Costs
• Financial Benefits
• Productivity Benefits
• Moral Benefits Employees
• Health Benefits
• Life Style Benefits
• Stockholders
• Productive, financially healthy, positive corporation to invest in!
How Can ROI Be Measured?
Health Care Costs• Year over year savings
Productivity• Lower absenteeism rates
• Higher Presenteeism Employee Morale
• Improved employee satisfaction
Each element of a Wellness Program contributes to a “Blended Portfolio of Savings” . . . you can’t sum
Weyerhaeuser NR Wellness Programs
Health Connections• Smoking Cessation
• EAP
• Health Dialog-Health Coaching
• Worksite Health and Wellness
– Fitness clubs
– Fitness Center On Site or subsidized
– Weight Watchers on Site or subsidized
– Flu, Tetanus, Pneumonia Shots on site
Next Steps
Find a Champion• A member of upper management who will go to bat for the program
Know your company numbers• If you don’t know your present costs, rates, absenteeism, etc., you can’t show
what’s got to be improved Develop realistic goals
• Tie the numbers today to the outcome of the goals Pick the “low hanging fruit”
• You can’t do everything at once, or maybe at all, but there are things that you can do on any budget
Go for it!• Plan, do, check, act!
One Moose and his Wellness Program
Questions?
Comments?
Thanks!
top related