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Wednesday, August 31, 2011

Wellness Awards Shrink Healthcare Costs

How can employers encourage workers to stop smoking, watch what they eat, consume less alcohol, and take their medicine? One of the most promising ways is to offer incentives under a corporate sponsored wellness program, according to a study from the Incentive Research Foundation (IRF). The study demonstrates that corporate wellness programs have saved more than $3 for each $1 invested. Wellness programs that don’t offer rewards get fewer than one in five employees to participate while those that do offer rewards get four in five employees to participate.

Rodger Stotz, IRF Chief Research Officer said, “The potential savings through preventative healthcare measures that include workplace wellness programs could be as high as $1.9 trillion per year. And this doesn’t even consider productivity gains or worker quality of life improvements.” To view the paper, select the Research tab at www.

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