Recognition Corporate Wellness Programs

warbarnacleΑσφάλεια

5 Νοε 2013 (πριν από 3 χρόνια και 9 μήνες)

60 εμφανίσεις

The Role and Impact of Rewards &
Recognition Corporate Wellness Programs

Overview of Today’s
Seminar


Poll Questions


Benefits of a Worksite
Wellness
Program


Employee Incentives in a Wellness
Program


Health Care Costs in Today’s Workplace


Ways to Fund a Program


Employee Engagement


ROI/Savings in
a Wellness
Program


Creating/Implementing a Program


How Do You Pick a Wellness Partner?


Q&A

2

Today’s Presenter

Michael Emoff


President of Shumsky Enterprises and co
-
owner of Boost Rewards.
Michael
developed the concept for Boost Rewards in 2005 to utilize
web technology to deliver effective employee recognition
programs, including rewarding for wellness. Shumsky was awarded
in 2011 and 2012 as Dayton’s Healthiest Employer.

Bringing 30 years of industry experience, Michael is a recognized
national expert in the field of employee recognition and rewards.
He is on the Board of Trustees for the Miami Valley Hospital
Foundation, the Board of Directors for the American Heart
Associations of SW
Ohio and Incoming Board Member for the local
Alzheimer’s Association.

3

Poll Question #1

Is your company administering an
employee wellness program in 2012?


A.

Yes

B.

No

C.

Considering

4

Results

0%
20%
40%
60%
80%
100%
Yes
No
Considering
Is your company administering an
employee wellness program in 2012?

5

Source:
Boost Rewards/HR.com poll, 2012


FACT


Starbucks Coffee’s
Chairman recently noted
that his company spends
$200 million per year
on insurance for its employees
--
more than the
company spends on
coffee
.





Source: Welcoa, 2009


6

Benefits of a Wellness Program


Control Increasing Health Care Costs



Ability
to
Easily
T
rack
P
rogress
and
Success


Improve Productivity/Profitability


healthy workers
are 3x more productive than unhealthy workers


Reduce Absenteeism


each day of absence is nearly 6
times reduced worker productivity per
year


Improve
Presenteeism


productivity is reduced by 8
times when workers are distracted by illness


Culture
-

Improve
e
mployee
m
orale
and
retention.
Companies who care about their employees are
perceived as a great place to work by prospective
employees and the community.
Workplace
wellness
programs send a clear message to employees that
management values their well
-
being
.


7

Source: business.inquirer.net, September 2012

Employee Incentives


Wellness programs have proven
success when incentives are offered

-

Merchandise, travel, gift cards


4 out of 5
employees will participate
in a program
with rewards
. Only 1 in
5 employees will participate in a
program without rewards.


Incentives improve employee
performance within the program by
an average of
22%

8

Source: Incentive Research Foundation, 2011

Incentive Marketing Association


Poll Question #2

How important is reducing health care costs to
your company?

1 = not important at all

2 = less than important

3 = important

4 = moderately important

5 = extremely important

9

Results

0%
10%
20%
30%
40%
50%
How important is reducing healthcare
costs to your company?

10

Source:
Boost Rewards/HR.com poll, 2012



United
States spends more annually on health care than any other country in
the world
.
76%
of employer’s health care costs are preventable.


Diet and Sedentary Lifestyle


U.S. employers are spending more than
$13
billion
annually on obese and overweight
employees.


By 2030, up to
67% of adults
are predicted to be obese


The
United States
health care

costs surpassed $2.6

trillion

in
2010.
Less than
5%
is used toward chronic disease
prevention
.


Typically, health insurance is the
#2 expense
for employers (after payroll)

11

Health Care Costs

Source: The World Health Organization and the Kaiser Family Foundation



Department of Health & Human Services

Health Care
Costs per Employee




12


Actual and Projected, 1965

2018

Source:

U.S. Department of Health and Human Services, 2009a
.



You can receive
government grants
to create and
implement a wellness program:


http://
www.firstvitals.com/employers.aspx


Programs can be divided into two categories: HIPAA
compliant (measureable results) and non
-
HIPAA
compliant (based on participation only, not results)


Employees receive up to 20% off of insurance
coverage

Ways to Fund A Program

13


Through your
insurance
provider
:


Write a letter to your
company’s insurance broker
for assistance


Broker submits to insurance
provider (United Healthcare,
Anthem, etc.)


Receive up to $300 per
employee


Ways to Fund A Program

Poll Question #3

Do you believe offering a wellness program
affects your company’s insurance premiums?

A.
Not at all affects premiums

B.
Slightly affects premiums

C.
Moderately affects premiums

D.
Significantly affects premiums


14

0%
10%
20%
30%
40%
50%
Not at all affects
Slightly affects
Moderately
affects
Significantly
affects
Do you believe offering a wellness program
affects your company's insurance premiums?

Results

15

Source:
Boost Rewards/HR.com poll, 2012


Wellness Programs & Insurance Premiums


Rising insurance premiums will not stop unless behaviors are controlled


GOOD NEWS:
Almost all of the top health issues in US are preventable


Launch a successful wellness program and your annual renewal rates with
your insurance provider may decrease


A wellness program
is typically
only about 3% of an employer’s current
health care costs


16

Proven Case Study


Johnson & Johnson began its wellness program in
1979 and now saves an estimated $9 to $10 million
annually.


This company was studied for 5 years prior to
program launch & four years after:


“A well
-
conceived health and wellness program that focuses on
prevention, self
-
care, risk factor reduction, and disease management
can produce substantial benefits for employers and their employees.”



Source:

Incentive Research Foundation, July 2011

17

Poll Question #4

What is the biggest obstacle in achieving a
successful program?

A. Limited Budget

B. Employee Engagement

C. Executive
-
level Support

18

0%
20%
40%
60%
80%
Limited Budget
Employee
Engagement
Executive-Level
Support
What is the biggest obstacle in achieving a
successful program?

Results

19

Source:
Boost Rewards/HR.com poll, 2012


Employee Engagement


58% of companies state the biggest obstacle is lack of
employee engagement
,

which leads to low
participation


Where incentives were offered, participation grew
from
26% to 90%

Source: Incentive Marketing Association

Long term study by Johnson & Johnson

20

ROI and Savings in Wellness Programs


THE NUMBERS:


On average, takes
18 months
to see
an improvement to the
bottom line


Higher
participation
and

longer time period
yields a higher
ROI


Risk


many employers contribute too little and expect too much


Ideal
investment
per participant
$100
-
$300


On average, a $1 investment yields $3 in
savings


Remember:
It is more effective to reward for healthy behaviors vs.
punishing for unhealthy behaviors




21

Sources:

Dr. Ron Goetzel, Directory of Emory University Institute for Health and Productivity
Studies

United States Department of Health & Human Services

Wellnessproposals.com


Example


Typical Client


Points
-
based incentive
program with Executive
-
level
support


290 employees


$25,000 investment for Year 1


After Year 1, ROI is $180,000
based on claim savings


Participation doubled



22

$0
$50,000
$100,000
$150,000
$200,000
Investment
Savings
Year 1

7 Steps to Implement a Wellness Program

1.
Obtain Senior Management Buy
-
In

2.
Create a Wellness Team

3.
Collect Data and Assess for Focus


(HRAs, Surveys, etc.)

4.
Draft an Annual Operating Plan


Establish a Budget, Find a Wellness Platform, Set Award Reasons &
Incentive Levels, Establish Goal


Education/Activity/Results Oriented

5.
Choose Appropriate Health Initiatives


Activity (walking program), Education, Results

6.
Ongoing & Supportive Environment

7.
Track Progress and Evaluate Results


Report progress to your insurance broker



GOAL: Engaged employees

23

What can you do to implement change?


Write your Representative

https://writerep.house.gov/writerep/welcome.shtml


Raise Awareness


Educate your employees and communicate in a
positive manner


Start or re
-
launch your company’s wellness program!


24

25

How do you pick a wellness partner?

Beneficial wellness partners will
offer:


A solution based on your company size


Easy implementation process


Incentives to the participants


Marketing efforts to ensure strong
program communication


Data management


Comprehensive tracking and reporting


Relieve your burden and let them do
the work for you!


Michael Emoff


www.boostrewards.com


Michael.Emoff@boostrewards.com


Q&A

26