Issue: More employers are warming up to wellness programs to help reduce health care costs.
Benefit/risk: Wellness works, but choosing the wrong pieces of the wellness puzzle can lower your ROI dramatically.
Action: Focus your program on efforts that create the greatest cost savings for the least investment, starting with the following five.
Last year, Lincoln Plating's $245,000 investment in a comprehensiveresulted in savings of $2.7 million, mostly in health care costs. And the Nebraska-based metal finishing company paid health insurance premiums for its 450 employees at nearly half the national average.
Lincoln Plating may be a model for wellness success, but it isn't the only company reaping the rewards. An Aon Consulting study says 43 percent of employers have established a disease-(register to read more)and health promotion/wellness strategy, while another 19 percent say they're looking into starting a wellness ...
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- 10 Secrets to an Effective Performance Review
- Personal cellphone: Must we pay if it's used for work?
- 14 steps bosses can take to keep workplaces union-free
- New state law adds 'Military status' to protected classes
- Paying employees for healthy lifestyles helps trim premiums