Company Wellness Initiatives

download Company Wellness Initiatives

of 26

Transcript of Company Wellness Initiatives

  • 8/12/2019 Company Wellness Initiatives

    1/26

  • 8/12/2019 Company Wellness Initiatives

    2/26

    Prior to 1970s Minimal effort

    Lack of interest

    Lack of knowledge

    1970s Push toward wellness (OSH, WHP, LFL)

    Cultural change & increased knowledge

  • 8/12/2019 Company Wellness Initiatives

    3/26

    1980s Focus of mental well-being

    Survey by Worksite Health Promotion Activities:

    82.2% of industries focused on stress management

    39% offered individual counseling 58% offered group classes or workshops

    Still continued focus on physical as well

  • 8/12/2019 Company Wellness Initiatives

    4/26

    1990s Survey by Worksite Health Promotion Activities:

    80% offer level one education

    44% offer activities and facilities for fitness

    30% health risk appraisals (assess and motivate) 74% screen for health risks

    Use of incentives to boost programs

    Overall growing knowledge

  • 8/12/2019 Company Wellness Initiatives

    5/26

    2000s Increased push from employers

    Discounts/memberships to local gyms

    Increase in facilities provided

    Bigger cultural push to be fit Greater knowledge for more programs

    Smoking cessation programs & nutrition programincrease

    Overall, 88% of large companies, half of smallcompanies involved in wellness initiative programs

  • 8/12/2019 Company Wellness Initiatives

    6/26

    Cultural shift toward a more fit self Increased involvement from outside forces

    Promotion from OSH & WHP

    Sets good example for clients & employees Looks good throughout community

    Promote employee satisfaction & cost savings 80% of health costs for chronic illness

    Prevention is key

  • 8/12/2019 Company Wellness Initiatives

    7/26

    Cost savings, Cost savings, Cost savings Less mobile population, complex disease base,

    increase in health care expenditures = employerspaying 30% of national health care bill.

    Reduction in insurance claims & sick days Lowers premium

    Cost of prevention vs. cost of treatment

  • 8/12/2019 Company Wellness Initiatives

    8/26

    Gov. offered health promotion services Effects on economy

    Health care account for 12% of GNP

    Increase to 14% when medical costs hit 900 billion.

    Over half of 900 paid by employers

    Twice what we spend on education or nat. defense atthat time (Early 90s)

  • 8/12/2019 Company Wellness Initiatives

    9/26

    Government Regulations Federal Laws

    State Laws

    Health Care Reform

  • 8/12/2019 Company Wellness Initiatives

    10/26

    Federal Laws HIPPA

    Prohibits discrimination against similar individuals

    Five specific conditions

    GINA Title 1: Prohibits collecting genetic info for

    underwriting purposes

    Title 2: Unlawful to discriminate based on geneticinformation given

    ADA

    Protects those with disabilities from discrimination

  • 8/12/2019 Company Wellness Initiatives

    11/26

    State Laws Vary from State to State

    Include smoking

    Other legal activities

    Tax Issues Rewards from programs may be taxable

    Consult with accountants to determine taxable

    status of rewards

  • 8/12/2019 Company Wellness Initiatives

    12/26

    Health Care Reform Grant program to assist eligible employers

    Fewer than 100 employees; work 25 hours per week

    $200 million in program as of March 2010

    All eligible employers required to apply Expands HIPPAs exemption to allow incentives up

    to 30%

  • 8/12/2019 Company Wellness Initiatives

    13/26

    Today 90% of employers offer some sort ofwellness incentives to employees who worktowards a healthy lifestyle

    Survey from Fidelity

    Since 2009 wellness programs have increased59% and the perks are worth more toemployees.

    In 2009 the perks per employee were $260compared to $521 in 2013.

  • 8/12/2019 Company Wellness Initiatives

    14/26

    Educational Awareness Incentives Offers rewards for employees taking assessments of their

    personal health. Filling out questionnaires about family history

    Diet and fitness routines Biometric screening for blood pressure

    Annual value for employees: $120-130 for screenings

    Pros: Easy way to show employees how healthy they are and companies canuse data to figure out workers needs

    Cons: Telling people about their health doesn't mean they will take action toimprove it.

    Example- employees have premiums reduced

  • 8/12/2019 Company Wellness Initiatives

    15/26

    Objective for employees: take action byjoining a gym, and weight managementprograms by earning points

    Pros: Motivates employees to show them theyhave the power to become even healthier

    Cons: Once the incentive and program is over

    employees can lose motivation

    Example- employees having to pay a fee

  • 8/12/2019 Company Wellness Initiatives

    16/26

    Objective: The harder the task the morepoints employees earn

    Pros: Gives employees the freedom to choose

    they health activities they want to do

    Cons: Too many options can make employeesoverwhelmed and end up costing employers

    more money

    Ex: Completing an Ironman

  • 8/12/2019 Company Wellness Initiatives

    17/26

    Objective: Let employees take baby steps tohit benchmarks for cholesterol, bloodpressure and weight.

    Pros: Employees are financially motivated toimprove health

    Cons: Employees may progress to slow and

    may not take it seriously

  • 8/12/2019 Company Wellness Initiatives

    18/26

    Objectives: Employers help employees createa personalized wellness program andincentive

    Pros: By personalizing it boots participationamong those who will benefit the most

    Cons: Employees can feel their personalizedwellness program can be intrusive.

  • 8/12/2019 Company Wellness Initiatives

    19/26

    Research has found that employee health directlyaffects work performance, attendance andproductivity. Because of this, many companiesare now implementing employee wellnessprograms to encourage individuals to takemeasures to lead healthier lifestyles and toprevent the onset or worsening of a disease.Employee wellness programs are an investmentinto your companys most important asset: your

    workers. Showing employees that you care abouttheir wellness boosts employee morale andproductivity.

  • 8/12/2019 Company Wellness Initiatives

    20/26

    60% of plan sponsors say wellness programsare most important influence on healthcarecost

    Medical costs fall $3.27 for every dollar spenton wellness programs

    Congress is considering providing tax creditsto those who offer wellness programs

  • 8/12/2019 Company Wellness Initiatives

    21/26

    Incentives would be necessary to keepemployees engaged

    14% increase when there is an incentive

    Everyone needs to benefit from top-down tohave the program succeed

  • 8/12/2019 Company Wellness Initiatives

    22/26

    From a study of a single employer and 185employees

    57% of high risk heart disease dropped tolow-risk in 6 months

    Medical claims declined by $1,421 perparticipant

    Participants tend to stay with their company

    longer

  • 8/12/2019 Company Wellness Initiatives

    23/26

    Help to prevent health issues in the future Employees will be healthier

    Will help lower cost to companies under thenew health reform

    Chronic heart problems are about 75 percentof health care costs

  • 8/12/2019 Company Wellness Initiatives

    24/26

    Helps lower absenteeism, increaseproductivity, and reduce health care costs

    56 percent of members doing program quitsmoking

    95 percent get better at managing diabetes

    65 percent see improvements in personalhealth

  • 8/12/2019 Company Wellness Initiatives

    25/26

    http://www.youtube.com/watch?v=tcCYiKkVbIA

    http://www.youtube.com/watch?v=tcCYiKkVbIAhttp://www.youtube.com/watch?v=tcCYiKkVbIAhttp://www.youtube.com/watch?v=tcCYiKkVbIAhttp://www.youtube.com/watch?v=tcCYiKkVbIA
  • 8/12/2019 Company Wellness Initiatives

    26/26

    https://www.bcbsm.com/content/microsites/innovate/en/workplace-wellness/workplace-wellness.html

    http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2

    873731/ http://hbr.org/2010/12/whats-the-hard-

    return-on-employee-wellness-programs/ar/1

    Reardon, J. 1998. "The history and impact of

    worksite wellness." Nursing Economic$16, no. 3:117-121. CINAHL Plus with Full Text, EBSCOhost.

    https://www.bcbsm.com/content/microsites/innovate/en/workplace-wellness/workplace-wellness.htmlhttps://www.bcbsm.com/content/microsites/innovate/en/workplace-wellness/workplace-wellness.htmlhttps://www.bcbsm.com/content/microsites/innovate/en/workplace-wellness/workplace-wellness.htmlhttp://www.ncbi.nlm.nih.gov/pmc/articles/PMC2873731/http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2873731/http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs/ar/1http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2873731/http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2873731/https://www.bcbsm.com/content/microsites/innovate/en/workplace-wellness/workplace-wellness.htmlhttps://www.bcbsm.com/content/microsites/innovate/en/workplace-wellness/workplace-wellness.htmlhttps://www.bcbsm.com/content/microsites/innovate/en/workplace-wellness/workplace-wellness.htmlhttps://www.bcbsm.com/content/microsites/innovate/en/workplace-wellness/workplace-wellness.htmlhttps://www.bcbsm.com/content/microsites/innovate/en/workplace-wellness/workplace-wellness.htmlhttps://www.bcbsm.com/content/microsites/innovate/en/workplace-wellness/workplace-wellness.html