Workplace wellness and employee wellbeing is vital for success in a flourishing company. First, one way of ensuring wellness is through providing healthcare to your employees. Second, implementing a strong Employee Value Proposition (EVP), can be crucial in acquiring and retaining valuable talent in the workplace. EVP includes creating a package of both financial and cultural benefits may include a strong salary, vacation time, wellness programs, as well as opportunities for professional advancement. By providing employee healthcare and a strong EVP, you can better take care of your employees resulting in enhanced happiness levels, better performance, and job/company loyalty.
Two of the Best Ways to Support Employee Wellbeing:
1. Introducing an Employee Value Proposition
Marathon Health contributes to our customers’ wellness and their employees’ wellbeing by offering population health risk management, integrated as part of their company benefits package. Primary care, health coaching, as well as access to fitness, physical therapy, and nutrition services are various offerings that Marathon Health provides. As a result, our customers see great improvements in the health outcomes of their employees and a decrease in health-related insurance costs.
In addition, Marathon Health encourages our customers to include incentives as part of their wellness programs in order to motivate engagement crucial to program success. Implementing an EVP that aligns with your mission and goals will help employees to feel recognized and motivated to take the company forward, leading to strong productivity and profit overall. One example of a successful incentive program was implemented by our customer Bendix Commercial Vehicle Systems LLC. Bendix began by providing significant health care savings to employees who enroll in their Health Aware plan over their standard plan. Employee contribution rates for the Health Aware plan are reduced in return for fulfilling one mandatory health coaching session and one annual bloodwork appointment. Once completed, employees receive points to qualify for the discounted rate. Additional points are earned for further completion of health screenings and programs such as smoking cessation and preventative exams. In combination with efforts from Marathon Health staff and the Bendix benefits team, the Bendix Health Center achieved a 91% screening rate and yielded a total net savings of $1.05M, earning an ROI of 3:3:1.
Incentive and benefit programs will differ from company to company. While it is important to structure your benefits package to the goals and ideals of the company, it is also valuable to encourage feedback from your employees to ensure the program suits their needs and interests. It is important to highlight career development opportunities also. Consider conducting regular surveys on wellness programs or other initiatives in order to generate a desirable package that generates effective results for company productivity, profit, and success.
2. Introducing Employee Healthcare
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