Very Well™ Health & Wellness
Benefits of the Very Well™ Employee Wellness Program.
When it comes to employee benefit costs, every employer feels quite helpless: Insurance costs, born substantially by the employer, continue to rise relentlessly; trying to negotiate better rates with insurance carriers is a lost cause; and passing on too much of the cost to employees soon becomes counter productive. What do you do? The most effective step you can take is to incorporate an employee wellness program. In fact, multiple studies show that an average of $3 is returned for every $1 spent.
How the Very Well™ Employee Wellness Program Saves Money
Decreased Health Care Costs. Increasing your employees' health and wellness results in fewer claims, which can drive your health care costs down. Study findings published in the Journal of Occupational and Environmental Medicine (JOEM) show that employers can save $1.65 in health care expenses for every dollar spent on a comprehensive employee wellness program. The Very Well™ employee wellness program gives you one more distinct advantage: The Very Well™ staff are uniquely qualified and positioned to help you negotiate lower carrier rates.
Reduced Absenteeism. Wellness programs provide additional economic value by reducing absenteeism, on-the-job injuries and workers' comp costs. From a study conducted by Prudential Insurance, disability days were 20 percent lower and disability-per-capita costs were 32 percent lower after implementing a wellness program. In addition, annual medical costs fell by 46 percent.
Increased Productivity. It is intuitively plain why a healthy employee is a productive employee. Employee Wellness programs can minimize stress, enhance concentration, aid cooperation between departments and employees, and improve the job satisfaction of employees. In fact, studies reveal a correlation between employees who desire corporate wellness programs and the most productive workers.
Increased Employee Loyalty and Morale. According to a study from St. Louis, Missouri-based Maritz, experts in employee motivation, corporate wellness programs result in more engaged, happy and loyal workers. According to their research, employees at companies offering wellness programs are substantially more satisfied with their jobs and more likely to remain with the company long term.
