Workplace Wellness Program Return On Investment
For well over a decade, research has been showing the effectiveness of Workplace Wellness Programs. For every dollar spent on Workplace Wellness Programs, the returns have been cost savings of between $2.30 and $10.10 in the areas of decreased absenteeism, fewer sick days, reduced WSIB/WCB claims, lowered health and insurance costs, and improvements to worker performance and productivity.
Statistics do show that Workplace Wellness Programs increase worker morale, improve the ability to attract and retain key people, all while having more alert and productive employees. Some Workplace Wellness Program return on investment (ROI) statistics of note:
• Canada Life Insurance reported a return of $3.43 on Workplace Wellness Program, and an overall Workplace Wellness Program return on investment (ROI) of $6.85 on each organization dollar invested on reduced turnover (32.4 percent lower), productivity gains and decreased medical claims,
• DuPont’s Workplace Wellness Program pilot sites saw a saving of 11,726 disability days and a return of United States $2.05 for every dollar invested by the end of the second year,
• The Canadian government’s Workplace Wellness Program return on investment (ROI) was $1.95-$3.75 per worker 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 Workplace Wellness Program than employees not enrolled in the program,
• British Columbia Hydro employees enrolled in a Workplace Wellness Program had a turnover rate of just 3.5 percent compared with a Corporation average of 10.3%,
• Johnson & Johnson estimated an average saving of United States $224.66 per worker 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 absenteeism decreased after starting a Workplace Wellness Program,
• Coca Cola report saving $500 every year per worker after starting a Workplace Wellness Program, with only 60 percent of their employees participating,
• Coors Brewing Co. reported that for every dollar spent on their Workplace 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 participating in their program were $312, as opposed to $574 for non-participants
