Did You Know?
- A survey by International Health, Racquet and Sportsclub Association showed that 99% of those polled thought health and fitness was important. However, 79% said that the current culture in America, including the pressures of work, family, and financial demands, makes it difficult for people to exercise regularly and maintain healthy lifestyles. An estimated 89% said that if their employers offered the opportunity for them to improve their health in the workplace, they would take advantage of it.
- The latest projections call for 20 cents of every dollar to be spent on health care costs.
- As a result of the latest trends in health care costs, by 2016 some companies will spend as much annually on health benefits as profits earned.
- For the employer, a successful, result-oriented Wellness Program should yield at least a 3:1 ROI (return on investment) with some companies showing up to an 11:1 ROI.
- Workplace studies show that indirect medical costs account for more than half of the total health and productivity-related expenditures employers face. Indirect health care costs include:
- Absenteeism from work
- Disability program use
- Workman’s compensation program costs
- Turnover
- Family medical leave
- On the job productivity loss (presenteeism)
- Absence and disability loss constitute 29% of total health care costs and productivity related expenses for physical conditions and 47% for mental conditions
- Presenteeism costs employers $150 billion a year
- Up to 80% of health care cost is incurred by presenteeism, not absenteeism
- Depression and stress ranks among the most significant of mental health conditions that affect the nation’s workforce