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Workplace Wellness Challenges
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It's Showtime
What you might think you know about
wellness
programs.
- They're time-consuming.
- They'll cost you more than you'll save.
- They don't work.
- Employees won't participate.
What you might not know:
- For every dollar companies spend
on wellness programs, they save up to $6 on
employee health benefits—a 600 percent return
on their investment.
- Based on national statistics, if you have
50 to 100 employees, you might be paying
$2,900 to $5,800 per month for medical,
prescription and lost productivity costs—on
mostly preventable conditions.
- Almost one-half of all Americans report
having a chronic illness—they account for 75
percent of our national spending on health
care. And 80 percent of all chronic disease
is caused by three preventable health
behaviors: physical inactivity, poor
nutrition and smoking.
- Wellness programs don't have to be
time-consuming to be effective.
- With the right promotion, interest
building and top-down "buy-in," wellness
programs do work.
- Most people want to improve their
long-term health and wellness and given
opportunity, information and incentive,
employees willingly participate in
employer-sponsored programs.
And now, it’s show-time. Grab a
healthy snack and a bottle of water and CLICK
HERE for
a short, PowerPoint presentation.
This isn’t just a pitch to promote the
LoneStart Wellness Initiative within your
organization (although that’s obviously part
of it), but rather to explain the benefits of
a well-developed, effective wellness program
in general.
Consider the following questions:
- What programs do you currently have, and
are they working?
- What programs would meet more of the
needs of your employees?
- Why are you willing to invest in wellness
and what outcomes are you hoping for?
- What can you realistically afford to
invest?
- What will happen and how much will it
cost if you do not invest in wellness?
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Looking at Wellness and Human Capital
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The truth is: we can’t really buy our health
and wellness. We already own it. It’s ours,
the good, bad and ugly, not someone else’s to
sell to us. And, some of us just don’t take
care of it. We know what we should do, but
don’t. As you are well-aware, our long-term
health and wellness individually, and the
health and wellness of your employees, are
forms of human capital. The people in your
organization define its character and its
capacity
to perform. An organization’s people are
its greatest asset. And, people are assets
whose value can be enhanced through
investment. The goal is to maximize value
while managing risk.
Just as you can’t increase your knowledge of
something without a commitment of your own
time and effort, you can’t increase your
health without being personally involved in
that effort. Sometimes it just takes
opportunity and information and sometimes it
needs a “little push.” While simple, the
concept that good health cannot be purchased
means we have to consider and accept the
following implications.
- Each of us has the greatest influence on
our own health and wellness.
- We place too much responsibility on
others for our own health and wellness (and
too little responsibility on ourselves).
- We assume that spending more on health
care gets us more—and better—health.
- We must find ways to motivate those who
need it most, to take responsibility for
their own health and wellness and make those
changes necessary for long-term improvement.
As the value of people increases, so does the
performance capacity of the organization.
Enhancing the value of employees through
better health is a win-win goal for employers
and employees alike. The more your organization
recognizes the intrinsic value of each
employee, and the more it recognizes that
this value can be enhanced with nurturing and
investment, the more it recognizes that a
variety of incentive strategies and working
arrangements can be created to enhance each
employee’s contributions to organizational
performance—and this makes sense in both
business and human terms.
Considering health and wellness as human
capital is an economic concept, based on
decades of economic research. One of our
goals is to present
insights—and solutions—solutions that apply
both to ever-escalating health care costs in
the U.S., to the hard economic costs to
employers, to the long-term health and
wellness of employees, and to employers'
needs to efficiently provide a wellness
program that will aid in recruiting and
retaining valued human capital.
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