In the current state of economic uncertainty, businesses large and small alike are taking steps to invest in the quality of their workforce. Companies are also doing everything they can to control medical spending, injuries, and absenteeism. That is why the implementation of a worksite wellness program has grown to make so much sense both as a way to keep employees happy, healthy, and productive, and improve the bottom line.
A study from The University of Michigan depicts the economic impact of high risk individuals versus low risk (figures represent average cost per employee per year):
Until recently, it has been difficult to quantify the affects of poor health on productivity. But thanks to recent findings, companies are able to calculate productivity loss based on risk status. The example below depicts an employee who earns $30,000 per year and the financial loss based on the number of negative health risks he or she may have.