Worksite Wellness Program ROI
For well over a decade, research has been showing the effectiveness of Worksite Wellness Programs. For every dollar spent on Worksite Wellness Programs, the returns have been cost savings of between $2.30 and $10.10 in the areas of decreased rates of absence, fewer sick days, reduced WSIB/WCB claims, lowered health and insurance costs, and improvements to staff member performance and productivity.
Statistics do show that Worksite Wellness Programs increase staff member morale, improve the ability to attract and retain key individuals, all while having more alert and productive employees. Some Worksite Wellness Program ROI statistics of note:
• Canada Life Insurance reported a return of $3.43 on Worksite Wellness Program, and an overall Worksite Wellness Program ROI of $6.85 on each corporate dollar invested on reduced turnover (32.4% lower), productivity gains and decreased medical claims,
• DuPont’s Worksite Wellness Program pilot sites saw a saving of 11,726 disability days and a return of U.S. $2.05 for every dollar invested by the end of the second year,
• The Canadian government’s Worksite Wellness Program ROI was $1.95-$3.75 per staff member per dollar spent (as reported by Dr. Roy Shephard),
• Municipal employees in Toronto, missed 3.35 fewer days in the first six months of their Worksite Wellness Program than employees not enrolled in the program,
• British Columbia Hydro employees enrolled in a Worksite Wellness Program had a turnover rate of just 3.5% compared with a Employer average of 10.3%,
• Johnson & Johnson estimated an average saving of U.S. $224.66 per staff member per year for the four years examined after the program introduction, with the bulk of the savings being in the third and fourth years,
• Pacific Bell reported that overall rates of absence decreased after starting a Worksite Wellness Program,
• Coca Cola report saving $500 every year per staff member after starting a Worksite Wellness Program, with only 60% of their employees taking part,
• Coors Brewing Co. reported that for each dollar spent on their Worksite Wellness Program they saw a $5.50 return, and the employees who participated reduced their absentee rate by 18%, and
• Prudential Insurance Company reported that the benefits costs for employees taking part in their program were $312, as opposed to $574 for non-participants