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Building a Business Case for a Successful Health and Wellness Program

Topic:
Building a Business Case for a Successful Health and Wellness Program
Date:
December 18, 2012 at 3:00 - 4:00 PM ET
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Description
There are four critical elements to consider when designing company health and wellness programs. These elements are not only connected but follow a natural progression and each must be understood and analyzed to develop the correct strategy and ensure a successful program. Ultimately, unless organizations can develop effective strategic plan to help all employees in your workforce make a committed and educated effort to actively participate in leading a healthy lifestyle (including making the choices and decisions necessary that lead to an active and healthy life), health and wellness activities/programs will likely fail and the potential costs reductions and savings remain unachieved.
The four critical factors are:
1. Understanding how an employee health and wellness impacts
costs and bottom line profit
2. Having the knowledge and education to make informed decision
on what steps are required to achieve optimum health
3. Applying the knowledge learned in step two to develop active
and functional programs customized to an employee’s individual needs
4. Establishing the benchmarks and metrics that determine,
measure and justify the ROI from investing in Health and Wellness programs.
Engaged2Perform offers a four part e-module learning series to help organizations develop successful health and wellness programs. In our first module we outline the criteria and facts involved in building a business case for employee health and wellness programs. Once management truly understands the costs associated with health related issues they can begin to create strategy that will meet and address these rising costs, then develop specific action plans to generate improvements. In many cases businesses don’t realize or understand the actual costs involved so they find it difficult to invest money into formal programs that can address the problems. Other times companies feel it is not their responsibility or inappropriate to get involved in employee wellness for ethical or other reasons. One thing that is clear, however, is that research and trends clearly indicate health costs are continuing to rise and beginning to have significant and adverse effects on profit margins. Unless your organization is prepared to consider health and wellness programs and solutions you will undoubtedly bear the brunt of these escalating costs. Another key point to consider is the impact health and wellness has on the engagement of employees. The ability to support employees with customized information, programs and activities that meets their personal needs is also a key driver of employee engagement.
In this first module we will explore the five main cost drivers related to health concerns and issues including:
1. Absenteeism and Presenteeism
2. Group Benefit Coverage Premiums and Claim Expenses
3. WSIB and Safety Costs
4. Loss of Productivity
5. The Cost Associated with Stress and Anxiety
Who Should Participate
  • Executives interested in taking employee performance to the next level.
  • Corporate, Financial and HR Executives-Managers, Directors and Vice Presidents
  • C-Suite executives interested in developing an effective wellness program
  • Health, Wellness and Safety coordinators
  • Group insurance administrators.
Extra Learning Material

All Registered HR.com members are also eligible for:

  1. A copy of the slides presented in this presentation. These are available before and after the presentation.
  2. A Real Media file of the presentation. This file can be downloaded to your iPod or MP3 player after the presentation.
  3. Access to more than 400 podcasts with HR Gurus and Industry Leaders (downloadable files available 24 hours after the live broadcast) as well as access to our blogs, polls, surveys, 25,000+ article library, Business Book Reviews and so much more!
Recommended Resources
n/a
Categories
Benefits
Employee Wellness
Benefits - Cost Containment, Audits and Legal Risks
HR in Canada
Canadian Masters In HR Strategy & Execution
Health and Safety
What You Will Learn
  • The true costs of absenteeism and presenteeism
  • Why and how insurance companies can help you identify costs from benefit claims
  • The costs from loss time accidents and your NEER statement
  • What potential gains can be considered realistic
Sponsored by
Engaged2Perform
Engaged2Perform
We offer employee engagement and performance tactical tools and strategic services to assist our clients and building an engaged, high performing workforce.
Presented by
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Doug Brown
Engaged2Perform

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Jayne Hembruff
Innovative Wellness

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Who is Eligible

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Documents

Feedback
Name Comment Rating
Image of Lona Williams Lona Williams
Dallas/Fort Worth, TX
3 / 5
Good Presentation
Image of Jeanne Murphy, PHR Jeanne Murphy, PHR
Gilbane Building Company
4 / 5
Very Good Presentation
Image of Owen Garrett Owen Garrett
Active insights health care
2 / 5
Poor Presentation
Image of John Hollands CRSP CPM-CSTDcert John Hollands CRSP CPM-CSTDcert
Workplace Safety & Prevention Services
4 / 5
Very Good Presentation
Image of Jane Gallant Jane Gallant
Birch, Stewart, Kolasch & Birch, LLP
5 / 5
Excellent Presentation
Image of Sara Horn Sara Horn
Union Hospital Health Group
5 / 5
Excellent Presentation
Image of Sue Sabourin Sue Sabourin
Washoe County Government
4 / 5
Very Good Presentation
Image of Loumar Herrera Loumar Herrera
Ingram Micro
5 / 5
Excellent Presentation
3 / 5
Good Presentation
Image of Paula Smith, PHR, FCS Paula Smith, PHR, FCS
Stanley Hunt Dupree & Rhine
4 / 5
Very Good Presentation
Image of Paula Donnell Paula Donnell
Hebrew Home Of Greater Washington
3 / 5
Good Presentation
Image of Jennifer Ito Jennifer Ito
Advanced Technology Services Inc
3 / 5
Good Presentation
3 / 5
Good Presentation
Image of Jamielle Kim Jamielle Kim
National University
4 / 5
Very Good Presentation
Image of Vickie Martin Vickie Martin
Clark County School District
3 / 5
Good Presentation
Image of Micheline Emond Micheline Emond
Invensys Systems Canada Inc
4 / 5
Very Good Presentation
Image of Sarah Schuster Sarah Schuster
Global Corporate Challenge
3 / 5
Good Presentation
Image of Jesse Matthews Jesse Matthews
Luxottica Group
5 / 5
Excellent Presentation
Image of Jennifer Chabot Jennifer Chabot
CATANA Business Solutions
5 / 5
Excellent Presentation
5 / 5
Excellent Presentation
Image of Beverly Slover Beverly Slover
Ametek, Inc.
5 / 5
Excellent Presentation
Image of Mark Avallone Mark Avallone
HR Management Association of Chicago
3 / 5
Good Presentation
Image of Brad Holliday, PHR, CBM, MBA Brad Holliday, PHR, CBM, MBA
AxelaCare Health Solutions
4 / 5
Very Good Presentation
Image of Neil Dunsmore Neil Dunsmore
IntegrateIT
4 / 5
Very Good Presentation
Image of Yoskaire Brea Yoskaire Brea
Eastern Bank Corporation
3 / 5
Good Presentation
Image of Kristina Butler, PHR Kristina Butler, PHR
ManpowerGroup Inc.
4 / 5
Very Good Presentation
Image of Janet Rawlings Janet Rawlings
Mace Security International
4 / 5
Very Good Presentation
Image of Jo Pinon Jo Pinon
Telerx Marketing Inc.
4 / 5
Very Good Presentation
Image of Mary Ellen Keeney Mary Ellen Keeney
SUNY Empire State College
Very informative- thank you. 3 / 5
Good Presentation
Image of Barbara Hacker Barbara Hacker
Catholic Human Services
Want more for employers on dealing with Obama Care. 4 / 5
Very Good Presentation
Image of Miriam Berger Miriam Berger
A Hire Authority

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