calculate the impact of wellness
Employees are the most valuable asset of any business. They help produce important business outcomes, but they also cost money in terms of benefits. While deploying wellness strategies might sound like a simple solution for your company, you may not be convinced that it’s really worth the investment.
At WellSteps, we’ve created a series of research-based ROI calculators to help you estimate the effect of well-designed wellness programs on health care costs, absenteeism, and presenteeism. Each of the three ROI calculators will examine a different employee expense and will help you determine whether investing in wellness strategies makes sense for your company. A well-designed wellness program is one that changes the health behaviors of employees, spouses, and dependents, thus lowering health risks, reducing chronic disease, and helping worksites create a culture of health. The design of the WellSteps wellness solution was based on this body of evidence.
In order to use any of the ROI calculators, you need just three pieces of information:
- Your company’s total health care costs over the past 12 months
- The total number of benefited employees
- The average percent change in health care costs each year for the past 5 years
If you have additional data like percent of employees who are obese or tobacco users-enter that too!
That’s it! Enter your information then click “Calclate”.
Be sure to review each tab “Health care Costs”, “Absenteeism”, and “Presenteeism”.