WellnessMINUTE | Health & Wellness Case Study: Soft Dollar Value

Health & Wellness Case Study: Soft Dollar Value | January 4, 2018

By | Director of Employee Education, Communications and Wellness | 1.4.2018
When creating the formula for your organizations’ health & wellness value/return on investment, productivity cannot be overlooked. Employee Education & Communications Director Gary Cassidy explains how higher risk factors can lead to lost productivity, and lost days from work.

Resources:
EPIC: Corporate Synergies’ Lifestyle Management Tool

 

Video Transcript: 
Hi, I’m Gary Cassidy and welcome to another edition of the WellnessMINUTE. Today, we continue a series dissecting a case study to help provide you perspective, and possibly realign expectations, on what you can reasonably expect to see and uncover from your first two to three years of a participation-based wellness strategy.

When measuring the success of a health & wellness program, may times the focus is on the hard dollar Return on Investment –typically associated with an outcome-based wellness strategy. However, the soft dollar Value of Investment – typically associated with a participation-based wellness strategy – can be seen when measuring productivity.

From a productivity point-of-view, let’s take a look at how this case study’s risk stratification costs translated into lost days from work:

  • Low risk (0-2): 0 additional days
  • Medium risk (3-4): 2.2 additional days
  • High risk (5+): 4 additional days

Now, let’s take a deeper dive into the top medical conditions impacting productivity. They are:

  • Allergies
  • Anxiety
  • Asthma
  • Arthritis
  • Depression
  • Diabetes
  • Heart problems
  • High blood pressure
  • Migraines
  • Smoking

On average, participants with these conditions had 1 – 2 times more days out of the office than those without. And many of these conditions are treatable through preventive measures.

When creating the formula for your organizations’ wellness value/return on investment, productivity cannot be overlooked. Beyond your medical costs – one of the top line items in many budgets – is understanding how your employee’s productivity, both absenteeism and presenteeism (showing up to work sick), can also have a direct negative impact on your company’s overall profitability.

For more information on this and other health & wellness topics, visit our Knowledge Center at corpsyn.com. Thank you.