As
we have been discussing these last few weeks, cost (or the fear of it) is a
major barrier to small businesses really committing to a wellness program.
Benefits are reflected as expenses on corporate balance sheets, and in tough
economic times, they can become glaring expenses.
But as Catherine Rudat
titled her article in Corporate
Wellness Magazine, "corporate
wellness doesn't just save money; it makes money". Too
good to be true? Actually, it’s black
and white finances that will also reflect on your company’s balance sheet. And when you partner with Complete Benefit Solutions,
it becomes a no-brainer.
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“[If your
company currently provides major medical insurance, t]he obvious savings are
via reduced claims. Healthy employees
need less medical attention. A low
ball estimate points to at least 50 percent of healthcare costs being
attributed to preventable illness.
Looking at
the risk factors – smoking, inactivity, weight gain, depression, high stress,
and hypertension being the most referenced – and the fact that most employees
spend the majority of their waking hours working, it seems elementary that a
workplace health program would mitigate a number of these factors and the
associated health issues [and] costs.
Of course,
healthy employees are also more alert and engaged, tending to work more
carefully and with better focus, resulting in fewer accidents and reduced
disability claims, stabilizing or even shrinking disability insurance.”
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The
results of a recent four year study published in the American Journal of Health Promotion shows an actual dollars and cents value to corporate
wellness programs. The study found that companies
who consistently offered a wellness program to their employees experienced a
15% slower rate of increase in health care costs. This translated to an average savings of $332
per wellness program participant. Could
your company use these kinds of dollars, say for other business expenditures or
a raise for the smart HR person who realized what this would mean?
At
Complete Benefit Solutions,
we know that understanding the importance of a need doesn’t make taking the
next step any easier. That’s why we have
taken all of the hassles and confusion out of employee benefits, and created a
streamlined process that makes offering benefits and managing enrollment a
breeze.
Rising
health care costs and absenteeism are real drainers on corporate finances. Companies are sometimes shocked to realize
the real cost. Don’t get trapped into
inaction because of costs or other concerns – we can help!
We will show you up front how we can make a monetized difference for
you, your HR department, your employees, and your company’s bottom line. And if we can’t help, we will tell you that
too – up front.
Contact us today,
and let’s get started on your customized employee benefits program.
