Over half (52 percent) of U.S. businesses offer corporate wellness programs.
Are you interested in implementing one at your company? Are you unsure of the benefits of these programs or confused about how they’ll help your employees and your business as a whole?
This article features several benefits of corporate wellness programs statistics to help you understand what a wellness program can do for your company and your team.
Wellness Program Benefits for Employees
Everyone enjoys perks when companies offer corporate wellness programs. Here are some statistics related to the benefits employees experience:
A report from the insurance brokerage HUB International showed that 54 percent of employees cited morale boosts as their most improved metric after establishing and participating in a wellness program.
It’s much easier for employees to be engaged and do their jobs well when they’re happy and enthusiastic at work. A wellness program could be the perfect solution if you’re looking to boost morale among your team members.
Increased Job Satisfaction
On a similar note, corporate wellness programs can also increase job satisfaction rates among employees.
A report from Aflac revealed that 70 percent of employees who were enrolled in their company wellness program had higher job satisfaction scores than those who weren’t registered.
If an employee knows that their employer values their health and wants to help them improve, it’s easy to see how that knowledge would lead to them being happier at work.
Better Physical and Mental Health
A corporate wellness program can naturally improve employees’ physical and mental health.
Another Aflac report showed that 61 percent of employees who were enrolled in their company’s wellness program reported making healthy lifestyle changes. These changes included exercising more often and eating more nutritious meals.
When employees make these kinds of changes, they reduce their risk of various physical conditions, such as heart disease and diabetes. Healthy habits like exercising regularly can also reduce their risk of experiencing mental health challenges like depression and anxiety.
Lower Healthcare Costs
When they took part in their employer’s wellness program, 62 percent of participants said their healthcare costs decreased.
Because corporate wellness programs encourage employees to practice health-promoting behaviors, it makes sense that employees would also experience lower healthcare costs. After all, those who engage in health behaviors are less likely to get sick.
Fewer Sick Days
Along with lowering healthcare costs, those participating in corporate wellness programs are less likely to take time off work because they’re sick. According to United Healthcare, 56 percent of employees say they had fewer sick days because of their companies’ wellness programs.
When you take fewer sick days, you don’t have to worry about losing money or falling behind on projects. Your productivity and engagement remain high, and you have fewer instances of playing catch-up after taking time off.
Wellness Program Benefits for Employers
Employers also benefit when they prioritize employee well-being and offer wellness programs. The following statistics illustrate the specific benefits employers have reported:
When employees participate in corporate wellness programs, they take fewer sick days. They’re also more productive when they are at work.
Over 90 percent of employers say they saw productivity improvements when they started promoting company-wide wellness. In other words, if you want your employees to stay motivated and get more done on the job, you must take care of their physical and mental well-being.
Increased Financial Stability and Growth
The benefits of corporate wellness programs don’t stop at improving employee health and increasing productivity.
Implementing these programs can also increase your company’s financial stability and growth. Nearly two-thirds (63 percent) of employers reported these results after offering a wellness program.
That sounds like a pretty good return on investment, doesn’t it?
Lower Healthcare Costs
It’s not just employees who save money on healthcare costs. Employers also save money when they offer corporate wellness programs.
A report from the U.S. Chamber of Commerce shows that 60 percent of organizations saw reductions in healthcare costs when they established workplace wellness programs.
Put simply, healthy employees need less medical care and are good for your company’s insurance premiums.
Improved Company Culture
Over three-quarters (77 percent) of employees say that workplace wellness programs positively impact company culture.
Offering employee wellness programs is an excellent way to improve company culture and make your business a better place to work. Company culture directly impacts employee engagement, motivation, productivity, and performance — all of which affect the business’s long-term viability.
Improved Recruitment Efforts
According to 46 percent of job seekers, company culture plays a critical role in their decision to accept a job at a particular business. When you improve company culture by offering a corporate wellness program, you will likely find that it’s easier to attract and recruit top talent.
Keep in mind, too, that your current employees are also more likely to be ambassadors for your business. A whopping 89 percent of employees whose companies promoted well-being activities say they were likely to recommend their company as an excellent workplace.
When you take care of your staff, they’re eager to speak positively about your company online or to their friends and family. These positive messages get job seekers interested in applying for jobs at your business.
Increased Employee and Customer Loyalty
Corporate wellness programs improve recruitment, but they also encourage your existing employees to stick with you. After all, they’re less likely to seek employment elsewhere if they’re being cared for and supported on the job.
Customer loyalty also improves when you offer employee wellness resources. A study from Aberdeen Group showed that those with employee engagement and wellness programs saw a 233 percent increase in customer loyalty.
Consumers want to support businesses that care for their employees. They’re also likely to receive better service when your employees are engaged, happy, and productive.
Experience the Benefits of Corporate Wellness Programs Today
Corporate wellness programs, when properly implemented, can be powerful tools that maximize productivity, boost employee engagement, and improve company-wide morale.
If you’re looking for an affordable, easy-to-implement wellness tool for your team, check out BetterYou.
This simple app is designed to help you and your employees make better decisions every day. Contact us today to learn more or request a demo.