Corporate wellness programs are a nearly $8 billion industry in the U.S. and are expected to grow by almost 8% through 2021. Initially, some wellness programs were instituted as a way for management to reduce health-care costs and focused primarily on weight loss and smoking cessation. Business leaders today expect much more from their wellness programs.
Employers now realize that, in addition to the primary benefits of these programs, they can also have secondary benefits linked to employee morale, engagement, and retention. Combining general “well being” initiatives with career development efforts allows companies to become true employers of choice.
Just as employee reward and recognition programs are not one-size-fits-all, neither are wellness programs. Digital platforms allow for personalized experiences for each employee so that they can determine their own path to a healthier lifestyle and work life, with goals set based on their current health status. Experts predict that artificial intelligence software will play a major role in wellness programs, making a more personal experience even easier.
That said, experts recommend a “less is more” program design to keep wellness programs simple. When employees are required to complete multiple tasks in relation to the wellness program, their stress level can actually increase.
Employees are under stress from any number of external sources. They may be struggling with child care, taking care of elderly parents or may have health issues of their own. A personalized wellness program can offer ways in which to reduce stress, understand the importance of sleep and encourage other healthier habits, making for an all-around more productive and healthier employee.
All Star Incentive Marketing is a solution provider to some of the industry’s top health insurance and wellness providers. Their expertise in designing effective recognition and reward components ensure effective corporate wellness program design and results.