Don’t break the bank for effective wellness programs — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Don’t break the bank for effective wellness programs

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

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 comprehensive wellness program resulted 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-management and health promotion/wellness strategy, while another 19 percent say they're looking into starting a wellness ...(register to read more)

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