6 ways that smaller businesses can make wellness worth it — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

6 ways that smaller businesses can make wellness worth it

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in Employee Benefits Program,HR Management,Human Resources,Leaders & Managers,Management Training

by Vince Wolf

Employers can raise deductibles and co-pays only so much before employees begin to doubt the value of their health benefits. So, organizations are looking for other ways to get meaningful savings as health costs continue to rise.

Enter the employee wellness program, believed to save employers between 3 and 6 percent on health plan costs—not including the savings from having a healthier work force that’s more productive and out sick less often.

Yet, as wellness programs become staples of large organizations, small employers remain reluctant to embrace them.

In our medical benefits survey of 335 companies in Pennsylvania, Ohio and West Virginia, 73 percent of organizations with more than 1,000 employees offered some sort of wellness program. But just 41 percent of firms with fewer than 500 employees have even a barebones wellness benefit program. Our sense is that wellness isn’t a consideration at all for...(register to read more)

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