Choosing the Right Wellness Program for Your Tech Company
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Choosing the Right Wellness Program for Your Employee Benefits Portfolio
According to a RAND survey, approximately half of U.S. employers with 50 or more employees sponsor some type of workplace wellness program. As the issues of rising healthcare costs and increased absenteeism due to health problems grow, wellness programs are seen as an effective method for improving employee health and morale and decreasing health-related costs for employers.
In order to realize improved employee health and a good return on investment (ROI), you need to choose the right wellness program for your company. Success is dependent on both employee engagement and support from all levels of management. Sure many tech companies offer wellness programs, but are their programs the best fit for their employees? To choose the right program, you’ll need to determine your organization’s needs and resources and then match that with the appropriate type of wellness program. By understanding employee needs and interests and using resources and management support, you can create a successful wellness program that everyone can benefit from.
Wellness programs can generally be categorized based on the level of effort, time commitment and activity necessary to make them successful. The following are three general categories of wellness programs:
- Screening events
- Health education and promotion activities
- Prevention and intervention measures
A health-contingent wellness program requires the participants to satisfy a standard related to a health factor in order to obtain a reward. For an activity-only wellness program, the employee would complete a health-related activity, such as walking or following a specified diet. For an outcome-based wellness program, the participant must meet a health-related goal, such as not smoking or satisfying certain exercise goals. Health-contingent wellness programs must follow additional requirements—such as providing a reasonable alternative standard and not exceeding specified incentive limits—in order to be in legal compliance.
In today’s workplace, wellness programs are becoming more and more popular and necessary. Positive results happen when you match your program with the needs of employees.
- What’s Wellness Got To Do With It?
- Laying Groundwork: How to Start a Wellness Program
- Employee Benefits Wellness Flyer
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