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Workplace Wellness Trends, Milestones, Focuses, and Best Practices for 2017

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Did you know that chronic diseases cost American employers $153 billion in lost productivity per year?

Because of this and other reasons, companies are moving to a more fitness-focused work culture. Organizations understand that the health and wellbeing of their employees can have a positive impact on the bottom line. In 2016, workplace wellness programs reached a new milestone with 84% of U.S. companies offering wellness initiatives or planning on expanding them over the next few years.

What are the top wellness initiatives employers look to use in 2017 to keep employees healthy, productive, and saving thousands of dollars for themselves through reduced medical bills? We look into the ROI of wellness, the VOI of Wellness, some of the most innovative steps employers are taking to improve wellness, and much more in our latest infographic.

Published in: Recruiting & HR

Workplace Wellness Trends, Milestones, Focuses, and Best Practices for 2017

  1. 1. Workplace Fitness Matters Companies are moving to a more fitness-focused work culture. Organizations understand that the health and wellbeing of their employees can have a positive impact on the bottom line. In 2016, workplace wellness programs reached a new milestone with 84% of U.S. companies offering wellness initiatives or planning on expanding them over the next few years1 EAP Health risk questionnaire Biometric screenings Physical activity programs/discounts Tobacco cessation programs Reduced health care costs Improved health risk assessment data Reduced absenteeism Reduced prevalence of diseases Increased productivity The most common wellness initiatives offered by almost three fourths of employers are2 : Health Screenings Weight Loss Programs Nutrition Program Wellness Program Participation Rates Increased when an incentive was added to the benefit2 : WELLNESS IS THE #1 AREA OF INVESTMENT AND #1 STRATEGY FOR EMPLOYERS IN 2017 HEALTH-RELATED EMPLOYEE PERKS WORK Estimates in the U.S. for the costs of chronic diseases, work-related injuries, stress, and worker disengagement adds up to more than $2.2 trillion each year3 Just counting work days missed due to chronic disease cost U.S. employers $153 billion a year, according to research firm Gallup HEALTHY EMPLOYEES = WEALTHY EMPLOYEES & EMPLOYERS COMPANIES EXPERIENCE POSITIVE ROI & VOI4 $153 B zz z Among organizations analyzing wellness ROI, 93% of employers are achieving positive ROI4 90% of participants offer incentives for their wellness programs2 Employers will spend an average of about $650 on wellness-based incentives5 INNOVATIVE PROGRAMS AND INCENTIVES LEAD THE WAY 36% offer incentives for their disease management programs2 63% 49% 42% 51% 51% Competition/gamification and one-on-one coaching are common features of wellness programs, offered by 64% and 62% of participants, respectively2 Participation rates for biometric screening and health risk questionnaires increased by more than 20 percentage points when incentives were utilized2 No Incentive – 40% Incentive Added – 57% 2014 – 17% 2015 – 22% No Incentive – 17% Incentive Added – 37% No Incentive – 22% Incentive Added – 32% 22% of employers made additional wellness contributions to an HRA or HSA in 2015, up from 17% in 2014; where as premium discounts and credits dropped from 64% to 61% over the same period6 93% 90% 36% Visit today to learn more about how Healthcare Trends Institute can help you simplify the business of healthcare. www.healthcaretrendsinstitute.org © Copyright 2016 Healthcare Trends Institute Sources: 1.NationalBusinessGrouponHealthandFidelityInvestments2016Survey 2.PwCHealthandWellbeingTouchstoneSurveyResultsJune2016 3.GlobalWellnessInstitute’s(GWI)2016FutureofWellnessatWorkStudy 4.TheInternationalFoundationofEmployeeBenefitPlans2016ACloserLook: WorkplaceWellnessOutcomesReportmeasuringROIandVOIwithdata from372U.S.organizations 5.NationalBusinessGrouponHealth:QuickSurveys2016 6.2015bswiftBenefitsStudy Common return on investment (ROI) and value on investment (VOI) results achieved by companies include:

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