In their 2016 Emerging Trends in Health Care Survey, global advisory firm Willis Towers Watson stated that “employers anticipate cost increases in 2016 to be around 4%.” With costs on the rise for the second consecutive year, companies are trying to find ways to not only manage costs from the corporate side of things, but also find better and more productive ways to engage their employees in getting involved in their own health and wellbeing.
“It’s intuitive that healthy employees are more productive than unhealthy employees,” said Jack Kluepfel, a retired HR executive with more than 40 years of experience.
Kluepfel spent the earlier years of his career in HR with the Federal Reserve, moved on to the oilfield services industry where he worked in all aspects of human capital management, and ended his career as VP of Global Compensation and Benefits at Schlumberger in Houston.
Saving money on insurance premiums and having employees working more productively on the job are things that Kluepfel sees as major benefits to offering employee health and wellness programs. He also sees it as a benefit for employers who are looking to attract and hire the best talent.
“Employees see health and wellness offerings as a mark of a progressive employer,” Kluepfel said. “Attractive employers, employers of choice, offer opportunities for people to engage in their health.”
With health and wellness benefits and engagement clearly becoming a priority to both the employer and the employee, employers are starting to look more closely at programs and offerings to determine what combination offers them, and their population, the best return on investment (ROI).
In the same Emerging Trends in Health Care Survey mentioned earlier, Willis Towers Watson found that in their search for the best ROI, many companies are choosing to call on technology to help.
“Getting analytics reports from carriers – it’s something that is sometimes more confusing than helpful,” Kluepfel said. “But products like Analyze make the analytics easy to understand and give recommendations that don’t overwhelm you with data – it’s information that you can use. Utilizing Analyze, for example, makes way for an obvious next step: engagement.”
DHS Group’s HealthSpective Analyze is a powerful technology application, an example of a first step toward harnessing technology and data towards both better population health and a ROI for the employer. When combined with HealthSpective Engage, companies can take their population health one step further.
“Analyze, combined with Engage, is a unique platform and solution,” Kluepfel said. “It is absolutely worth any company’s time and effort to engage their employees in their health and wellness.”