roi of wellness programs it’s not just about the bottom line! katherine fellenstein

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ROI of Wellness Programs It’s not just about the bottom line! Katherine Fellenstein

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Page 1: ROI of Wellness Programs It’s not just about the bottom line! Katherine Fellenstein

ROI of Wellness

ProgramsIt’s not just about the bottom line!

Katherine Fellenstein

Page 2: ROI of Wellness Programs It’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

Page 3: ROI of Wellness Programs It’s not just about the bottom line! Katherine Fellenstein

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!

Page 4: ROI of Wellness Programs It’s not just about the bottom line! Katherine Fellenstein

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

Page 5: ROI of Wellness Programs It’s not just about the bottom line! Katherine Fellenstein

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

Page 6: ROI of Wellness Programs It’s not just about the bottom line! Katherine Fellenstein

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!

Page 7: ROI of Wellness Programs It’s not just about the bottom line! Katherine Fellenstein

One Moose and his Wellness Program

Questions?

Comments?

Thanks!