If you’ve paid attention to the news over the past few weeks, you’ve probably seen stories related to the case that is being heard in the Supreme Court. The case is the Department of Health and Human Services v. Florida, or commonly known as the decision on the Affordable Healthcare Act, introduced by President Barack Obama. While we aren’t going to give you any opinions on how we think the Supreme Court will rule, this is definitely an opportune time to talk about employee wellness and the positive effects it can have in your workplace.
Look on just about any business owner’s profit & loss sheet and you’ll see that the largest line item is most likely payroll, meaning that a business owner’s employees are truly the most valuable asset the business has. A commitment to employee wellness by the employer can deliver tremendous returns to the owner. Let’s take a look at a few:
- Employee Loyalty. For sure, an employee is always looking at their paycheck. But there are other factors in play, and they can deliver greater loyalty to the employer. One of the ways to gain greater loyalty is to show an interest in an employee’s personal health.
- Employee attendance. One thing we can all agree on is healthy employees are better than sick employees.
- Employee recruitment. Looking for things to deliver above and beyond salary? A robust employee wellness program can do just that.
- Employee camaraderie. Employee wellness programs can mean a commitment for teams to achieve a personal or group goal – you decide as long as it’s healthy!
The list could go on and on.
Of course, the naysayers step in. One thing we routinely hear is that “It costs too much!” If you look at the statistics, you’d find that the ROI (return on investment) on these programs are typically $2.30 - $10 per dollar spent on employee wellness. We’ll take that ROI anyday!
Delivering health benefits to your employees is crucial to recruiting and keeping those key employees. But employee wellness can give you that extra layer of insurance you need to ensure that your employees aren’t only healthy, they’re happy as well.