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Thursday, November 7, 2024

Employee wellness plans boost productivity and performance

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Brian Calley President and Chief Executive Officer at Small Business Association of Michigan | LinkedIn

Brian Calley President and Chief Executive Officer at Small Business Association of Michigan | LinkedIn

Implementing a wellness plan can significantly enhance employee performance and productivity, according to experts. Businesses can benefit from simple and effective strategies such as organizing active events, promoting friendly competition, offering healthy potlucks, conducting outdoor meetings, or scheduling group stretch breaks.

The Wellness Council of America notes that wellness programs can reduce insurance fees. "Wellness programs can offer premium discounts or rebates on health insurance coverage, or modify cost-sharing amounts such as co-payments or deductibles, in exchange for 'voluntary' participation in the wellness program," states the council. These incentives can result in lower insurance rates for participants.

Healthy employees are more productive. Small businesses rely on their employees being at full capacity as often as possible. Employees who engage in physical activity, take regular breaks, and maintain a healthy diet tend to be more focused and energetic. Reports indicate that companies with wellness plans experience reduced short-term sick leave and increased productivity and attendance.

Additionally, a wellness plan can make it easier to recruit and retain talent. Professionals increasingly seek employers who prioritize employee health. A wellness plan can help position a business as an Employer of Choice (EOC), attracting eager candidates and retaining top talent throughout their careers.

Employees also report higher levels of happiness when their workplace invests in their well-being. Modern professionals desire more than just financial compensation; they seek fulfillment and appreciation in their work environment. Focusing on employee well-being is one way businesses can demonstrate their value to employees.

For more information on SBAM’s Wellness Program, click here.

Article courtesy of OnSite Wellness

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