A U.S. Department of Health and Human Services report revealed that worksites with wellness programs employers have: reduced healthcare costs, reduced short-term sick leave, increase productivity.
Reduced healthcare costs
According to research from professional services firm Towers Watson, employees suffering from high stress levels have lower engagement, are less productive, and have higher absenteeism than those not working under excessive pressure.
A U.S. Department of Health and Human Services report revealed that at worksites with wellness programs, employers have:
- Reduced healthcare costs by 20% to 55% - Reduced short-term sick leave by 6% to 32% - Increased productivity by 2% to 52% - Enhanced recruitment and retention of healthy employees - Improved employee relations and morale
Reduced Short Term Sick Leave
According to the iOpener Institute, in a company with 1,000 employees, increasing wellness and happiness in the workplace yields: Happier employees who also take six fewer sick days a year, and remain in their jobs twice as long and Reduction in cost of sick leave by 19%.
In a study of health insurance statistics, meditators had 87% fewer hospitalizations for heart disease, 55% fewer for benign and malignant tumors, and 30% fewer for infectious diseases. The meditators had more than 50% fewer doctor visits than did non-meditators.(1)
A group of inner-city residents suffering from chronic pain, anxiety, depression, diabetes and hypertension were trained in meditation. They experienced a 50% reduction in overall psychiatric symptoms, a 70% decrease in anxiety, and a 44% reduction in medical symptoms.(7)
According to Promega biotech company, the popularity of the wellness initiatives amounts to a recruiting tool.
Such programs help explain why 91% of Promega’s employees stick around from one year to the next, according to the company, minimizing disruptions and holding down training costs.
Retention of Healthy Employees
A study by Towers Watson and the National Business Group on Health shows that organizations with highly effective wellness programs report significantly lower voluntary attrition than do those whose programs have low effectiveness (9% vs. 15%).
According to the iOpener Institute, in a company with 1,000 employees, increasing happiness in the workplace yields a reduction in cost of employee turnover by 46%
Improved Employee Relations
Studies show that leaders who display mindfulness on the job result in happier employees and increased employee morale.
Mindfulness can lead to more empathy, which in turn can lead to better teamwork outcomes among staff.