“As the cost of unwell workers rises, employers are spending more on employee wellness as a means to lower healthcare costs, improve morale and recruitment, raise productivity, and stay competitive in the market.”
The quote above is taken from the Global Wellness Institute’s (GWI) 2017 Global Wellness Economy Monitor, which was issued earlier this week to give a current snapshot of the wellness and wellbeing industry and look ahead to what the future holds for companies.
GWI projects the following to grow within the industry in the next few years:
1. Increase of unwell workers
The increasing number of “unwell workers,” will lead to a strong desire for companies to reverse the trend.
2. A holistic approach
The “wellness programs” we see today and “be replaced by a culture of health – a more holistic approach to employee health and wellbeing.”
3. Employee ownership
Not only will employers take ownership of the fact that offering these programs to their employees is good business, but on the same front, employees will start taking more ownership of their own health.
Through their research and look forward, GWI concluded, “… Forward-looking and innovative employers and business leaders are starting to recognize that in order to stay competitive, they need to address the multiple dimensions that contribute to employee health…”
What now? How can you prepare?
1. Recognize the need
Jack Kluepfel, a retired HR executive said, “It’s intuitive that healthy employees are more productive than unhealthy employees… Employees see health and wellness offerings as a mark of a progressive employer. Attractive employers, employers of choice, offer opportunities for people to engage in their health.”
2. Get started
Entry into the workplace wellbeing arena doesn’t need to be hard or in-depth, rather, it can be as simple as getting your employees moving through a step or activity challenge program. These programs not only help employees integrate physical activity into their daily lives, but they’re also proven to help boost morale and increase an employee’s outlook on their employer.
3. Take the next step
With a member engagement tool like a step or activity challenge program in place, adding additional programs, including those that use advanced data warehouses and population health science tools to offer employees a more holistic approach to their health and wellbeing, is next. Not only do these programs give a full-circle look at health, but they also arm the employee with the tools needed to be an active owner in their own wellbeing.
At DHS Group, not only are we passionate about giving employer’s access to the full-circle solution to their population health, we’re equipped with the knowledge and expertise to continue to grow every day within this changing industry. Learn more about partnering with us here.