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In today’s world, there is much standing in the way of employees achieving their peak performance. Issues with health, productivity, and retention are at an all time high and due to working from home conditions, many employees are battling bouts of depression as well. Depression can also create health complications such as weight gain, physical pain, and other preventable conditions. Unfortunately, all of these battles can have a negative impact on a business, losing hundreds of dollars weekly through insurance claims and a decrease in work productivity. Luckily there is a solution.
Wellness programs are a high value solution that a business can implement to increase overall revenue. It is estimated that %43 percent of every dollar made is spent on employee health related issues such as insurance claims, sick days, personal days, and productivity issues. This means that over time, a business can lose around $140 per employee per month due to these listed issues. Providing a strong health and wellness program to employees can provide a means to increase profits and have the business’ employees thriving at an all time high.
However with so many programs to choose from, how does a business know which one to choose? And to dive a little deeper, how does a business know if joining a program is truly worth it to them? That is what this article strives to discuss.
It is all About the Return on Investment
ROI is a key factor into deciding whether to join a wellness program or not. On average, companies who participate in a wellness program spend around $10 per month per employee, and see their outside health related costs drop from $140 per month per employee to $23.30 per month per employee. This is a 6-1 return on the investment of the program, Instantly boosting profits every month!
Types of Programs
Health and wellness programs are extremely diverse. Some focus on physical fitness, where others focus on mental health. Some programs are conducted in person while others are done remotely. Also keep in mind that with these above categories, they can be broken down into subcategories such as fitness methods: (yoga, strength training, cardiovascular training, weight loss training, etc.) and mental health categories such as: (therapy, life coaching, mindfulness training, guided meditations, etc.) so this is why we recommend surveying the employees to see what will best fit their needs.
How to Pick the Right Program
This is a question that we get asked frequently, and it all depends on what the company needs. We recommend reviewing data of insurance and workers comp claims and absentee days. This data can help a business pick their needs for a wellness program, as there are several different types to choose from. We also recommend conducting a survey amongst the employees to see what type of program they would be interested in participating in.
Why the Employees will be Grateful to the Company
These types of training are considered to be a luxury item. This means that people tend to seek them out less on their own or will be one of the first things cut from their budget if going through a hard time. If the business offers such a program, the employee will be grateful and more eager to participate in the program. Wellness programs will also boost company morale and employee retention as the business is providing another item of value to its employees. Everyone alive has health and wellness goals but are often reluctant to pursue them due to fear, finances, or procrastination. So when a wellness program is offered, most are eager to participate, grow, and be part of a community.
Why Results Fitness Mobile is a Great Pick for a Company's Wellness Program
As previously mentioned, other wellness programs focus on one aspect of wellness. At Results Fitness Mobile, we combine both physical and mental health to produce the highest possible return on investment. We offer the following services:
- -A private video service focused on fitness, mental health, and life coaching webinars on a variety of topics
- -A private forum for members to communicate, share healthy recipes, request video content, and feel a part of a thriving community.
- -A private app dedicated to personal coaching so each employee can go after their own personal goals and growth.
- -A variety of amazing coaches that specialize in different areas, so each employee can be paired with a coach most beneficial to them.
- -Data tracking so the company can get quarterly data on how often the program is being used and correlate the usage to their overall increase in profits.
In Conclusion
Annual profits can be deeply impacted by the health and wellness of its employees. We are talking a difference of thousands of dollars depending on how many employees the company has. Results Fitness Mobile creates a strong community, a place for employees to achieve their goals in a fearless manner, and increase the overall profits of the business. We provide a unique and private mobile platform designed to help everyone involved thrive and achieve both the goals of the business and the individual.
If you would like to learn more about how Results Fitness Mobile can positively impact your business, visit the link below to schedule your free consultation today! Thank you for your time and we look forward to meeting with you!
-Derek Anderson
President, Results Fitness Mobile LLC
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