Small, midsize employers rethinking wellness offerings
By Shelby Livingston
From Business Insurance on Tuesday, June 21, 2016
On the other hand, larger employers are putting more resources into wellness and broadening the scope of programs to include mental and financial health, said Steve Wojcik, vice president of public policy at the National Business Group on Health in Washington.
A March NBGH/Fidelity Investments study of 129 companies, most of which have more than 5,000 employees, showed that 96% of employers provided wellness programs focused on physical health this year, 87% provided emotional or mental wellness programs, and 76% offered financial wellness programs.
In addition, 67% of employers in the NBGH survey plan to expand their investment in well-being programs in the next three to five years.
Larger employers have more resources to devote to wellness programs and often have large concentrations of employees at a single location, which Mr. Wojcik said makes on-site wellness programs more cost-effective.
“It makes good sense for a large employer to spend money to help employees stay well. It's broader than … reducing health care costs,” he said, and considers “overall morale and productivity and all those kinds of intangibles.”
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