![]() "To get to the next step, we have to do something, put a bigger carrot out there," Aslin said. Los Alamos gives employees up to $250 in a health savings account for conducting a personal health assessment on a quarterly basis (spouses are also entitled to the benefit) and there is room for greater financial incentives. Measuring wellness is increasingly important to companies spending more money on it. "If workers are happier and healthier and come to work more engaged and productive." "It is more of a softer ROI," Osborne said. "That is always a tough one when it is not an assembly line." "How do you measure productivity gains?" Aslin said. Academic studies have shown a correlation between wellness benefits and stock performance, and a return on investment that reaches as high as $6 for every dollar invested by a corporation in employee health.īut there is still a lot of companies that don't know how to make wellness work under their watch and how companies can continue to improve their own labor force wellness. Venture capital industry tracker CB Insights estimates the wellness market opportunity - broadly defined as everything from fitness classes to meditation apps, digital fitness devices, genetic testing-linked personal nutritional programs, CBD oil and healthy beverages - as a $4 trillion addressable market currently being targeted by more than 150 start-ups.Įarly results within the corporate wellness segment have been encouraging. The wellness industry has recently been valued at more than $40 billion globally, and venture capital continues to pour into start-ups focusing on health and wellness. Los Alamos uses a wellness program from Virgin Pulse, a company started under the Richard Branson corporate brand (the billionaire sold his 26 percent stake last May), which represents 7.5 million members and roughly 4,000 companies. Los Alamos estimates a $100,000-per-employee health-care cost avoidance.įor more on the future of work, join us at our Work Talent + HR Summit on April 2 in NYC. It saw the most savings, not surprisingly, among overweight and obese workers, the ones who were getting hurt the most. Overall, Los Alamos saved $21 million in three years, and while the health insurance premium trend could not stay negative forever, it has stabilized at an annual rate of 2.5 percent, much lower than the national average of more than 7 percent. So the employer created its first-ever health insurance premium holiday - for two pay periods, no premium payments were taken out of worker paychecks. Los Alamos is part of the Department of Energy. ![]() "We started having so much money in reserve, we had to do something with it or the government was going to take it back," he said. In fact, as its health-care costs went down - in the first year after the wellness program, the total cost declined from $141 million to $138 million - Los Alamos had an unexpected problem: what to do with the extra money. ![]() The reason: In 2014, Los Alamos had implemented a new employee wellness program. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Sitewide terms of service apply, including but not limited to: Do not post personal information of yourself or others, do not leave Reddit usernames visible in screenshots, and do not post calls for violence.Best Debt Consolidation Loans for Bad Credit Crossposts may be removed at moderator discretion.ĥ. Do not repost content from within the previous 30 days. Low-effort content such as memes are prohibited.Ĥ. Screenshots of text such as SMS communication, WhatsApp, social media, news articles, and procedurally generated content such as ChatGPT are prohibited. Meta posts may be removed at the moderators' discretion.ģ. Do not post content in support of politicians or their campaigns.Ģ. Do not post content in support of employers, landlords, or police. Respect that Antiwork is a workers' space. Links ⇢ FAQ ⇠ Library Discord March Reddit Talk Schedule Stay tuned for further information! National Subredditsĭisclaimer: The r/antiwork moderation team is not responsible for content in national antiwork subreddits.ġ. In Praise of Idleness by Bertrand Russell On the Phenomenon of Bullshit Jobs by David Graeber
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |