Employee Well-being is the Talk of Employee Benefits

by | Jul 13, 2015 | Engagement

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019fef0If you're an employer considering a workplace wellness plan, you might be interested to know that 73 percent of employers currently offer “a wellness program of some kind,” according to Employee Benefit News. And if you're looking for increased engagement, you might want to consider incentives, as “participation jumps close to 30 percentage points when incentives are used.”

EBN references the PricewaterhouseCoopers’ 2015 Health and Well-being Touchstone Survey. According to PwC: “In the face of rising healthcare costs and the challenging regulatory requirements of the Affordable Care Act (ACA), employers remain committed to providing benefits. However, at the same time they are re-evaluating their benefit strategies, incorporating traditional cost shifting approaches with new network and design strategies while offering more employee choice in order to better engage employees, accelerate consumerism, and promote wellness in an effort to finally bend the healthcare cost curve.”

Indeed, Mike Thompson, a principal with PwC, is quoted in EBN: “It’s not hard to argue why many employers got into wellness. If we can help employees take better care of themselves, they won’t need as much health care coverage. When you look at ROI, the ROI around well-being is tremendous. When people feel better about themselves, they feel better about the company, they’re more engaged; the evidence is very, very strong.”

EBN further adds that “the three most popular wellness programs include: biometric screenings, BMI measurements and health risk questionnaires.” Also, the disease management programs “most often offered include diabetes (93%), Cardiac (76%) and asthma (74%) programs.”

Written By Laura McKenzie

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