Employees enrolled in workplace wellness programs report reduced personal healthcare costs, most commonly because of fitness center discounts and free preventative screenings, according to the findings of a survey by Principal Financial Group.
While the survey does not quantify the dollar amount saved per employee, Principal’s research does attempt to do so on the corporate level.
Survey results show that employers who invest in wellness programs see increased employee retention, attendance, and productivity. The numbers show that medical costs improve “by an average of $3.27 and absenteeism costs improve by an average of $2.73 for every dollar spent on wellness.”
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