Measuring the Success of Your Wellness ProgramHR Resource
May 21, 2012 — 1,747 views
Providing a wellness program to employees has become the norm for many companies. This can help encourage staff to make healthy choice, therefore saving the company money and ideally helping limit the decreases in productivity that sometimes come as a result of illness. It's important an employer is able to measure wellness program success to ensure eventual financial returns, but it can be challenging to determine a program's actual return on investment.
"Wellness programs are employers’ next best hope for containing health care expenses," said Tim Clifford, president of benefits services for national accounts at ADP Inc., Tim Clifford according to the Society of Human Resource Management. "These programs can also increase productivity without the negative impact on employee morale of layoffs or cutting plan options, yet few companies are measuring their return on investment from wellness initiatives."
A company should measure its program's success by collecting data from employees in the form of health interest surveys, health risk questionnaires and biometric screenings, explains the author of Winning Health Promotion Strategies, Anne Marie Ludovici-Connolly, MS, CHFS.
WellnessProposals.com explains a company should spend around $3 to $5 per participating staff member on wellness programs and most should see a return on investment between 18 and 36 months.