Employee Wellness: Corporations Save Billions Through Employee Wellness Programs
Employee Wellness Study Shows Billions Lost Due to Illness
Employee wellness was shown to be a huge economic boon for companies in a recently-released joint report by the World Health Organization (WHO) and the World Economic Forum (WEF). Nearly three billion productive employees in labor markets worldwide add up to a lot of money. The employee wellness study estimates that China will lose $558 billion, India $237 billion, and Russia $303 billion in national income from 2005 to 2015 due to only three chronic diseases: heart disease, stroke, and diabetes.
Lack of Employee Wellness A “Huge Expense”
The U.S. Center for Disease Control also reports that chronic disease accounts for approximately 75 percent of yearly employee health care costs in the U.S., which constitutes a huge expense for companies. And the Public Health Foundation of India estimates that its country will lose 18 million potentially productive years of life by 2030, a statistic no nation can afford, let alone a developing one.
Employee Wellness Programs the Answer
A sustainable solution to these challenges cannot be solved by medical benefits alone. Workplace commitments to employee wellness are also crucial. Companies are advised to implement on-site health screenings for their employees, as well as look into a comprehensive health management program. These and other precautions are good secret weapons against the economic pitfall of unhealthy employees.
Tags: employee, employee wellness, health management program, on-site health screenings, wellness
