via Appian, a CIPS Corporate Partner
Navigating employee health in tomorrow’s workplace.
For employers of all sizes and industries, a healthy workforce is essential to employee morale and for sustaining a productive business.
The healthcare costs associated with employee illness can be immense. Even before the COVID-19 pandemic, the Integrated Benefits Institute estimated that US employers spent over half a trillion dollars ($575 billion) annually on poor employee health.1 In addition, out of every dollar companies spent on healthcare, they lost $0.61 due to illness or injury. These costs can lead to increased employee healthcare premiums, added economic pressure on employees, the potential for dissatisfaction, and even further negative impacts on wellness. Employers who want to maintain a vibrant and productive workforce must invest wisely in the health of their employees.