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ROI Research: for Wellness
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A Whole Bunch of Findings from preventive wellness programs Job stress is estimated to cost American industry $200-$300 billion annually. Workplace alcohol, tobacco, and other drug use costs US companies over $100 billion each year —Center for Disease Control and Prevention. The average per-employee cost of absenteeism rose sharply from $610 per year in 2000 to $755 in 2001 Human Resources Management Ideas & Trends, October issue, 2001 Direct costs associated with unscheduled absences increased 24 percent Human Resources Management Ideas & Trends, October issue, 2001 Family issues accounted for 21% of all unscheduled absences in 2001, and personal needs accounted for 11% of Human Resources Management Ideas & Trends, October issue, 2001 What are the findings from Preventive Wellness Programs:
- High participation and retention of eligible population: 96% incented employees, 74% of spouses
- Reduction in projected medical expenses: net savings of $700 million projected by year 2015
- Lower medical expenses for program participants vs. non-participants
- Reduction in aggregate health risk: 6% decrease for low risk cohort (N = 22,114), 14% decrease for high risk cohort (N = 2,321)
- Reduction in many individual risk factors
- Improvement in self-efficacy (as measured by stage of readiness-to-change)
- Average per person claims costs for participants were $16,121 lower than those for non-participants
- Direct costs for high risk participants declined by 23%
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