IS YOUR CORPORATE CULTURE CAUSING YOUR EMPLOYEES TO STAY AWAY?
Did you know that the main preventablecontributors to employee absenteeism are?
- Depression/anxiety/other mental health disorders – 66%
- Stress – 60%
- [Negative] Relationship with supervisor or manager – 44%
- Co-worker conflict in the workplace – 28%
HOW MUCH CAN YOUR COMPANY SAVE IN LOST PRODUCTIVITY BY INITIATING A FEW CHANGES TO YOUR CORPORATE CULTURE?
For well over a decade, all research has been showing the effectiveness of Employee Wellness Programs. For every dollar spent on a Corporate Wellness Program, the returns have been cost savings of between $2.30 and $10.10 in the areas of decreased absenteeism, fewer sick days, reduced WSIB/WCB claims, lowered health and insurance costs, and improvements to employee performance and productivity.
Some statistics of note:
- Canada Life Insurance reported a return of $3.43 on their fitness program, and an overall return on investment of $6.85 on each corporate dollar invested on reduced turnover (32.4% lower), productivity gains and decreased medical claims
- DuPont’s Worksite Health Promotion pilot sites saw a saving of 11,726 disability days and a return of U.S. $2.05 for every dollar invested by the end of the second year,
- The Canadian government’s corporate wellness programs returned $1.95-$3.75 per employee per dollar spent (as reported by Dr. Roy Shephard)
- Municipal employees in Toronto, missed 3.35 fewer days in the first six months of their “Metro Fit” fitness programs than employees not enrolled in the program
- British Columbia Hydro employees enrolled in a work-sponsored fitness program had a turnover rate of just 3.5% compared with a company average of 10.3%
- Coca Cola report saving $500 every year per employee after implementing a fitness program, with only 60% of their employees participating
- Coors Brewing Co. reported that for each dollar spent on their Corporate Wellness Program they saw a $5.50 return, and the employees who participated reduced their absentee rate by 18%
- Prudential Insurance Company reported that the benefits costs for employees participating in their program were $312, as opposed to $574 for non-participants
Statistics clearly show that healthy organizations increase employee morale, improve the ability to attract and retain key people, all while having more alert and productive employees; all while positively affecting your company’s bottom line!