Business has always been a numbers game. Whether it’s for sales, accounts, or even the number of coffees employees drink while on the job, numbers are everything. It is unsurprising, then, that this is also true in the space of employee health and well-being!
Speed. Efficiency. Outcomes. These are a few of the most common guiding factors for major business. Is this enough, or do modern workplaces need something more?
The answer is surprisingly simple. While it is true that the numbers indicate the health of a business, there is an oft-forgotten downside to this kind of thinking. Many "successful" employees often fail to keep their health in check. This leads to problems and challenges such as chronic lifestyle diseases, increased visits to the doctor, absenteeism, and much more. By association, this also causes organizations to lose out on potential opportunities due to the deteriorating health of their team members. Talk about an opportunity cost!
Corporate wellness programs are employee health benefits plans created to support and foster a comprehensive approach to well-being. These programs help create a "culture of health" on an organizational scale. Employee wellness programs that extend beyond traditional health benefits help cultivate sustainable healthy habits amongst employees and improve health outcomes. All this with the added benefits of increased productivity, better utilization of human resource investments and greater employee engagement.
As per a Redseer report, only 15% of the overall working population is covered by corporate health and wellness programs in India. This is a worryingly small percentage in a workforce consisting of over 477 million workers.
Corporate health programs typically consist of health insurance, telemedicine, pharmacies, gyms and health checks, and cover multiple sectors such as manufacturing, BFSI, logistics, agriculture, and trading, among other industries.
Now that we know the importance of employee health programs, let us look at some of the benefits of implementing a good corporate wellness plan.
The importance of corporate health programs cannot be underestimated as health awareness among citizens across the world rises day by day. Hence, comprehensive and well-planned employee health plans are the way forward for a healthier future workforce. No matter the place, time, or situation, health will always be a primary focus for people everywhere. The best way to prepare for the future of the corporate workplace is to invest in better corporate health plans that keep the guesswork out of the equation, leading to a happier, healthier, more productive workforce in the present and future.
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