S.S. Nesbitt (SSN) had the honor of hosting a wellness panel at this year’s Alabama state conference for The Society of Human Resource Management (ALSHRM). We brought in three companies to share their wellness stories – and more specifically, to show how they are using wellness programs to go beyond value on investment (VOI) and achieve financial return on investment (ROI).
Our in-house wellness consultant kicked things off by reminding attendees that “If you’ve seen one wellness plan, you’ve seen one wellness plan.”
It’s true. Like a human fingerprint, each company we consult with has a unique employee culture DNA.
While the tactics implemented varied based on employee DNA–one of the speakers opened an in-house clinic, another created a financial incentive for health screenings–each shared how following an intentional process moved their company from wellness programs with awareness activities to wellness programs with real outcomes-based solutions. Combined, two companies saved $3M on their health plan costs over the course of a few years by integrating wellness as part of a holistic approach to health plan design.
In the process, VOI reached exceptional levels. For instance, one employee changed his health so dramatically he earned an American Heart Association award.
Is your wellness program working optimally for your employees and your health plan through an outcomes based approach? Imagine what VOI and ROI you could achieve!