Return on Investment for Wellness Programs

Lorman Education Services

Learn how you can implement an effective wellness initiative that delivers significant bottom line results.

Increasing health care costs and lost work time drain business productivity and profits. Businesses increasingly turn to corporate wellness programs for relief. Less than 1/3 of companies offered these programs ten years ago, but now it is estimated that over 2/3 of large companies have a formal wellness plan at a current price tag of 3.6 million dollars. Unfortunately, new studies suggest that those dollars may not be producing the expected return on investment.

This topic identifies various types of wellness programs that can legally be offered to employees and examines what return on investment businesses can actually expect in terms of hard measurable returns and softer returns that present measurement challenges.

In this material we will learn to identify and eliminate obstacles to workplace wellness so that your programs can better protect your employees and your investment in their health and happiness.

Learning Objectives:

• You will be able to define legally permissible wellness programs.
• You will be able to describe tangible wellness program goals.
• You will be able to identify factors necessary to measure and meet those goals.
• You will be able to review performance in order to improve and develop your wellness program.

Faculty: Tonie Bitseff, Member, Taxation and Labor & Employment Practice Group, Buchalter

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