Entrepreneur

Are Wellness Programs Right for Your Company?

A look at the risks and ROI for employers.
Source: Sami Taipale | Flickr

Workplace health initiatives— ranging from flu shots to support groups to stress management— are on the rise. Such programs can increase productivity and morale, as well as possibly reduce insurance premiums. But what are the risks for employers, and what is the ROI? Is wellness right for your company?

After the local chamber of commerce coaxed members to adopt programs that encourage employees to get healthier, the leadership team at Milwaukee branding agency Core Creative surveyed its staff of 45 to determine where they could use help. Their workplace wellness program started with simple efforts: lunch-and-learn sessions, stretching exercises and a small wellness library. Employees participated enthusiastically, so finance and HR vice president Patti Schauer incorporated more initiatives.

With an annual budget in the “low five figures,” Core Creative’s monthly wellness events extend far beyond such staples as smoking-cessation support and annual flu shots. For example, financial wellness sessions teach employees about buying cars and houses or saving enough money for retirement—an effort stemming from the belief that financial management can be a major stressor that chips

You’re reading a preview, subscribe to read more.

More from Entrepreneur

Entrepreneur4 min read
Daiso Industries Co., Ltd.
According to the latest Global Innovation Index (GII), Japan is the 13th most innovative country in the world and the fourth most in its region. Dubbed a ‘world innovation leader’ in the 2023 GII, Japan ranks as part of a select few high-income count
Entrepreneur2 min read
Nippon Rent-A-Car
Japan’s economy will pick up pace in 2024, according to the Economist Intelligence Unit – echoing widespread optimism about the world’s third-largest economy. Tourism is one of many sectors rebounding after the covid-19 pandemic, with inbound visitor
Entrepreneur5 min readCorporate Finance
How to Build the Next Huge Thing
Want to start, fund, and sell a major company? Spencer Rascoff has some advice on that—because he’s seen it from all sides. As a founder, he first cofounded the travel-booking site Hotwire, which he sold to Expedia. He then cofounded Zillow, which he

Related