Population Health Management recently finished a two-year study focusing on the wellbeing of employees and the relationship to employee retention. The study found that the overall wellbeing of employees was a solid indicator of retention, efficiency and the expense of healthcare and related costs. It was also found that health improvements of staff members help the overall performance on the job.
Other major points discovered by the study:
• Healthy employees cost employers less in healthcare, are more productive, and are more likely to remain at their employer.
• Employees experiencing increased wellbeing also experienced a decrease in healthcare costs, improved productivity, and demonstrated a higher likelihood of retention.
The takeaways from this study for company executives and owners are that creating a wellness program for employees will be worth the time, money and energy. Healthy employees are happy and productive employees.
