HEALTH AND WELLNESS RETURN ON INVESTMENT – CORPORATE OR PERSONAL?
Posted on June 1, 2010 by Mike Sessions, Senior Vice President
A lot of health and wellness programs are put in place with a focus on immediate ROI. We opted to take the long-view and put in a program that focused on our people. Of course, we believed the programs would someday have a positive financial impact, but we also knew there were factors we couldn’t measure such as improvement in morale, absenteeism, and improved sense of overall well-being. Let me give a couple of examples in which it is faulty logic to place too much focus on short-term ROI.
One employee knew he was overweight but learned during biometric screening that his blood pressure was 142/91, total cholesterol equaled 221, and his triglycerides were over 500. He was determined to engage our health coaches to improve his health. After 9 health coaching sessions he lost 13 pounds and made improvements in other health statistics – his blood pressure is 123/90, total cholesterol is 107, and his triglycerides are 132.
Another overweight employee learned in biometric screening that her total cholesterol was 170. She engaged our health coaches and has lost 24 pounds and her total cholesterol is now 100.
Where is the immediate ROI for these two employees? How much money did the company save that year in these two cases? In these two cases we have what I’ll call immediate employee ROI rather than immediate company ROI. Maybe the company avoided a heart attack or other health complications down the road – maybe, and maybe not.
Has our program saved money, you might ask? Yes! It has come as a bit of a surprise to me, but our employee/month cost has not increased in nearly three years. We estimate this has saved the company from a cost increase of 10% per year – quite dramatic. I certainly didn’t expect such dramatic savings so quickly, but am pleased our long-view produced more immediate company ROI results. Being an employee owned company, savings like these are important to every employee’s stock value.
Taking the long-view and striving to meaningfully improve the lives of our employees has had a measurable impact on ROI and numerous immeasurable impacts on personal ROI. I hope other construction companies will join us in taking the lead in improving the collective health and wellness of our construction professionals.
Note: The case studies given above were provided by our health coaches who never provide any personal employee information, including names, to PC Construction.
Mike,
Congratulations on your success building your wellness program. We put in a call to you to pick your brain about how you intiated your program and got it off the ground. We are an insurance brokerage firm in SC and have a wellness staff in place. We are currently working with a client in SC who is in the constructions business. We are helping them build a plan to begin strong wellness intiatives but we’ve been challenged in doing so because of so many external employees on the job. I would like to chat with you about your success if you don’t mind giving me a few minutes. My name is Edwin Croft. Phone number is 888-540-9403. If you don’t get me our wellness coordinator’s name is Valarie Musick. Thanks so much!
Damn this shit works..!! I earned $348 once more yesterday just making a few posts on a couple blogs like this one!! You can get paid for the same thing also and I’ll prove to you that you can make $200 to $900 per day! No hidden costs or no junk like that, just go to http://bit.ly/JeyJUZ Yes I’m *A Real person*. I Hate companies thats full of sh*t..But this one is most definitely on point for sure!! if you dont want to try this then cool..but i know who sign up will thankful they did, hell i am. Honestly this have really been a blessing for me handsdown. Ps. sorry about the language but hell thats the only way you can tell im a real person and not fake.