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Can a Simple New Year’s Resolution Affect your Company’s Bottom Line?

According to a recent study by Health.com, nearly one-third of all Americans will commit to some kind of New Year’s Resolution. The most popular American resolutions are losing weight, getting fit, quitting smoking and stressing less. We know that a healthy workforce is a productive workforce, so how can corporate America respond to the current desire for our workers to sustain those healthy resolutions? Additionally, how can attention to health and wellness in the workplace find a place in even the most traditional boardrooms?

Workplace health and wellness has a direct impact on a company’s bottom line.

Studies by the U.S. Department of Health and Human Services have shown that for every dollar invested by corporations in corporate wellness/wellness programs, there were savings ranging from $1.49 to $4.91. The Wellness Practitioner Journal reported 19 studies with a 28% reduction in sick leave; 23 studies with a 26% reduction in health care costs; and four studies with a 30% reduction in direct medical and workers’ compensation claims.

In addition, when a comprehensive wellness program is targeted to meet a corporation’s specific needs, that company will save money by reducing absenteeism, lowering healthcare expenditures, eliminating staff turnover and increasing overall productivity.

Make your company New Years Resolution to provide worksite health and wellness programming for your employees. This is the best time of year to start; employees are motivated and have their own health and wellness goals in place. A great way to get started is by signing up for MBGH’s CEO Culture of Health. You can learn more about the Culture of Health initiative and how to participate by contacting Tara Hill at thill@memphisbusinessgroup.org. If you have already signed up to participate in the Culture of Health initiative contact Tara Hill to find out more about programming opportunities and events for 2014!

Article information provided by: http://www.ttisuccessinsights.com/blog/posts/can-a-simple-new-year-s-resolution-affect-your-company-s-bottom-line#sthash.TBSE3aP0.dpuf

Posted by Tara Hill at 9:00 AM

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