Employee wellness programs: What you need to know
The physical and mental health of employees plays a major role in their performance at work. Employees that are ill, stressed, or on the verge of burning out cannot be their most productive. As one of the most valuable assets of an organization, employees’ health and wellness directly impact the success of a company. Employers that understand this know that investing in employee wellness programs is a must. In this Pacific Prime article, we look at what you need to know about corporate wellness programs.
What are employee wellness programs?
Employee wellness programs are programs initiated by an employer to improve the physical and mental health of employees. Along with health insurance, wellness plans are one of the most highly sought-after health benefits. The programs can vary from company to company, and work best when they’re tailored to the unique needs of the workforce.
For example, some wellness program ideas fulfill a certain purpose, such as smoking cessation or weight management. Similarly, gym memberships and onsite gyms are suitable for anyone while incentive programs are beneficial for those who participate.
While employers have to sign up for group health insurance every year at a minimum, employee wellness programs are much more flexible. Companies can choose to have a single event or activity, or an ongoing program. In addition, some companies hire other businesses to take care of their corporate wellness programs whereas others do it on their own. Since these programs are not a legal requirement, companies have the freedom to design them as they see fit.
Why are employee wellness plans so popular?
The seemingly sudden rise of employee wellness programs has caused some people to think of them as a fad. Even though these programs are more noticeable this year, the reality is that their popularity has only been growing over time. According to the Employer Health Benefits Survey, more than 80% of employers with 200 or more workers offering health benefits had an employee wellness plan in comparison to around 70% in 2008.
When it comes to attracting and retaining good employees, companies that don’t offer employee wellness programs, or some type of wellness benefit, will be at a disadvantage against those that do. However, a common misconception is that only large employers are capable of offering these benefits. Even though larger companies can invest more in wellness programs, small and mid-sized businesses can still offer the benefit without spending more than they can afford.
Benefits of employee wellness programs
The benefits of an employee wellness program may not be immediately apparent, especially at the very start. However, employees who are physically and mentally healthy tend to bring many benefits to their colleagues and their employers. Some of the benefits of a corporate wellness program include:
- Increased productivity
- Enhanced employee morale and productivity
- Improved recruitment and retention
- Reduced absenteeism
- Lower health risks
- Reduced workers’ compensation and disability-related costs
- Lower healthcare costs
Employee wellness initiative examples
If you’re wondering how to engage your employees during the pandemic, the following examples of wellness initiatives might be helpful. Keep in mind that these examples can be adopted in any workplace, at any time.
- Healthy snacks/meals
- Employee Assistance Programs (EAPs)
- Fitness activities
- Community service activities
- Nap rooms/Quiet zones
How to promote wellness in the workplace
If these initiatives seem too large scale for your company, remember that it’s easy to adapt them to match your needs and budget. While an onsite gym might not be possible, hiring a fitness or yoga teacher once a month could be a more realistic alternative. If a weight loss program is too costly, companies can arrange for a vendor to sell healthy snacks instead. Employee wellness initiatives do not have to be grand to be effective and appreciated, especially if the company is on the smaller side.
Additionally, people often give more thought to physical health when it comes to employee wellness programs, but employees’ mental health is just as important. Encouraging exercise and healthier eating habits can improve physical health, but emotional and mental health can benefit from other initiatives. For instance, stress management workshops and confidential mental health treatment can go a long way.
It’s all about incentives
One interesting fact surrounding employee wellness programs is that even though employees claim to want wellness activities at work, few will actually take part in them once they’re available. Fortunately, employers can encourage participation by adding incentives for those who attend. These incentives can include points, prizes, or even paid time off. Through incentive programs, participants can redeem points for prizes that are chosen by the employer.
Planning an employee wellness program
No matter how simple or intricate your employee wellness program is, it’s going to involve some planning. Here are some steps that you can take to get the ball rolling.
1. Leave the planning to the most capable people
Try asking a few capable employees who are interested in corporate wellness plan ideas whether they’d like to be involved. By letting employees take charge of organizing and planning, the chances of them promoting and participating in them also increase. If your company has an HR person or department, then it’s advisable to start with them.
2. Allocate a budget
You can determine the budget for your employee wellness program by factoring in the costs of the desired activities. If your fiscal year has already begun, it’s advisable to budget and plan for the rest of the year. Doing so will make it easier to evaluate how it’s going, how many people are participating, what the results are, and how you’d like to do things in the future.
3. Try out different ideas
Your first year is an ideal time to explore a variety of employee wellness programs. You can give different types of plans a go to see what works and what doesn’t. Some ideas to get you started include:
- Some type of exercise
- Relaxation techniques
- Healthy eating initiatives
- Medical day/event, such as an onsite health check-up
4. Get feedback
Make it easy for attendees to give their honest feedback by providing rating forms that they can submit anonymously. Since these activities cost money and time to organize and host, it’s in a company’s best interest to know whether it’s worth investing in.
At present, coronavirus and employee wellness programs are topics that go hand-in-hand. The global pandemic has emphasized the need for focus on health and wellbeing both inside and outside of the workplace. By incorporating employee wellness programs, employers can address COVID-19 and other health issues while ensuring their employees feel cared for.
Check out these additional tips on designing the perfect employee benefits plan.
Looking for employee benefits solutions? Pacific Prime is here to help
If you’re looking to design employee wellness programs then look no further than Pacific Prime. As a global employee benefits specialist and health insurance broker, we have over 20 years of experience offering advice and guidance regarding the ever-changing landscape, such as through our latest State of Health Insurance 2019-2020 Report.
Whether it’s employee benefits solutions or company insurance solutions you’re after, we help you find the right plan for your needs and budget. Contact Pacific Prime today to find out more about what we can do for you.
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