The Benefits of Employee Wellness Programs

At The Partners Group, we continue to see an increase in employers offering wellness programs. This is likely because they’re witnessing tangible benefits both to their organization and to their employees. In a recent poll of Northwest employers, we found that nearly 70% of employers were offering some type of wellness program. The program could be a one time activity, for example a walking challenge, or a new worksite policy, such as a smoke free campus, or perhaps transitioning from exclusively sitting desks to sit stand. According to a recent National Business Group on Health study, where employers with less than 500 employees were surveyed, 61% offered general wellness programs, increased from 51% last year.

The benefits of an employee wellness program from an employer perspective:
• Improved employee health
• Controlled healthcare costs
• Increase productivity
• Reduced absenteeism
• Improved job satisfaction
• Easier recruitment and retention of employees

There are a variety of reasons employers are focusing on and prioritizing workplace wellness. The worksite is a great place to be able to showcase your support of an employee’s well-being, and in return you can expect to see increased productivity, reduced absenteeism, improved job satisfaction and more. When we meet with our employer groups about wellness, the first question we ask is: “What is motivating you to put in a wellness program?” Our employers cite a variety of different reasons, from wanting to improve the health of their employees and create a more engaged and satisfied employee population, to controlling healthcare costs and putting strategies in place that allow them to be more competitive in the marketplace.

The benefits of a workplace wellness program from the employees’ perspective:
• Weight loss
• Stress relief
• Reduced health risks and/or conditions
• Improved work performance
• Increase energy and satisfaction

We know that employees who engage in a workplace wellness program for six consecutive months tend to see more positive results than those that don’t participate. Many employees have reported positive results such as weight loss and stress relief by participating in focused programs. Many employees have also experienced reduced health risk and/or conditions because they’ve participated in a biometric screening.

We’ve also heard from employees that it simply makes them feel better to participate in wellness programs. Their work performance goes up when they participate with their peers in friendly competition. Workplace wellness program benefits often go beyond what meets the eye.

Full article– Create an outcomes based approach to wellness with a focus on prevention, click here.

Case Study:
We’ve highlighted a particular employer and how they went down the path of implementing a workplace risk reduction strategy in this case study.

Legal Guidelines:
Additionally we’ve invited our legal counsel, Iris Tilley from Barran Liebman Attorneys, to address legal considerations to be aware of when moving forward with a health contingent wellness program. For details around the legal requirements of incorporating a contingent outcomes based program into your workplace, click here.

View the entire Webinar Video covering:
Improving Health & Productivity in the Workplace
Creating an Outcomes Based Approach to Wellness with a Focus on Prevention

 In this Webinar video we share ideas and strategies for implementing a workplace wellness program into your workplace. First we focus on the benefits of a workplace wellness program, both from the employer perspective and then also from the employee perspective. We also share some tips for focusing on prevention and talk about specific risk reduction strategies that you can implement in your workplace. Then we wrap it up with what’s next in workplace wellness.
 
Within the Employer Services Division of the Partners Group, we not only offer employee benefits, we also provide employee health and productivity consulting services, healthcare analytics, total absence management consulting services, as well as employer retirement plans. Please contact us if we can be of further assistance to you. Subscribe to our email list for the latest updates and news.

 

Author:

 

 

Alexa Galluzzo, Managing Consultant, Health and Productivity, The Partners Group

Email: communications@thepartnersgroup.com

2017-06-26T12:43:09+00:00

Employee Benefits

The Employee Benefits Division of The Partners Group serves the employee benefit needs of over 500 West Coast employers, with offices in Portland, Lake Oswego, and Bend, OR; Bellevue, WA; and Bozeman MT. Our benefits consulting team specializes in providing a highly-consultative approach coupled with problem-solving wellness analytics, to help employers reduce healthcare costs, improve employee health, and create long-term health plan stability.

Business Consulting

The Business Consulting Division of The Partners Group is dedicated to consulting with healthcare systems and jumbo employers to manage the health and well being of their employees, families, and communities. Our focus is to provide an innovative, solution-oriented service that capitalizes on data to pinpoint potential problems. Whether it be uncovering potential sources of escalating healthcare costs, or other anomalies in data, this service provides endless, problem-solving advantages to a variety of industries.

Commercial Insurance

The Partners Group Commercial Insurance Division manages the business risks for hundreds of employers. We provide an unmatched depth and breadth in commercial insurance and risk management services combined with extraordinary people who possess an unusual ability to connect on a personal level. We work hard to understand the unique risks and exposures of your business, and identify the solutions to provide the right coverage for the right price. As an independent company The Partners Group can tailor solutions to work specifically for you, even creating new policies and programs, if that’s what you need.

Private Client Services

The Partners Group Private Client Services Division advises business owners and high income shareholder groups comprising just over 3,200 successful individuals, families and medical professionals on investment services, retirement planning, and personal insurance. We’ve been in business for over 30 years as a privately held company based in the Northwest, and we’re here to stay. Additionally, we are not tied to products and plans. We provide various platforms and a multitude of options to fit your needs, which can change over time as your life changes. When you work with TPG Private Client Services, you’re dealing with the shareholders of this firm, and we are honored to play a role your life, your family’s lives, and your next generation’s lives.