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Every few years, businesses are told that the latest wave of technology requires them to fundamentally transform. This way of thinking has led to claims like \u201cevery company is a media company,\u201d \u201cevery company is a tech company,\u201d and, more recently, \u201cevery company is an AI company.\u201d<\/p>\n
But there\u2019s been a fundamental piece missing through all of this. These phrases have focused on tools, industries or technologies rather than on people. As someone committed to building the healthiest workforce possible, I see that we need a new adage\u2014one that finally puts people first.<\/p>\n
It\u2019s time to state that \u201cevery company is a wellness company.\u201d I believe this is so essential that it calls for a revolution in how we run organizations. As much as possible, business operations should maximize workforce wellness, including when and where people work, how they\u2019re treated, and what kinds of wellbeing programs they\u2019re offered.<\/p>\n
For our report<\/a> Return on Wellbeing \u201824, Wellhub surveyed more than 2,000 human resources leaders at organizations that offer a variety of wellness programs across the Americas and Europe. Eighty percent said their organizations now track the return on investment (ROI) of their wellness programs. Of them, virtually all\u201495%\u2014said they see a positive return. That\u2019s even higher than the 90% in our study last year.<\/p>\n We then asked them approximately what kinds of returns they were seeing. More than half (56%) said they get returns of more than 100%\u2014meaning they are getting at least double their investments.<\/p>\n To determine whether you are successfully becoming a wellness company, gather data for three categories: productivity increases, talent management savings, and healthcare savings. A slew of studies show that when employees are healthier, they\u2019re not only more productive<\/a>, but also more likely to stay<\/a> with the company, and less likely to take sick days or have medical expenses. Combine this data, subtract the costs of your wellness program, and you\u2019ve got a strong sense of your ROI.<\/p>\n The best returns come when a wellness program is designed right. It\u2019s the poorly designed ones that often get a bad rap\u2014or even lose money.<\/p>\n Another key factor in the credibility of a wellness program is the participation of company leaders. In our survey, a staggering 98% of HR leaders stressed the importance of employees seeing executives use wellness options. As more members of the C-suite take part, employee participation rates skyrocket. With our clients, we have seen enrollment jump quickly to 20% of employees when leaders get involved, and keep growing over time.<\/p>\n As two of my colleagues write in the report, \u201cThe best way to grow your business is by taking care of your workforce first and foremost, not your spreadsheets and presentations.\u201d Why is this? Labor costs are often the majority of any business\u2019s budget. That figure can be as high as 70%<\/a>. Businesses have long thought of these costs as expenses<\/em>. It\u2019s time to instead think of them as investments<\/em>. How do you get the most out of that investment? By helping your people be the healthiest, and therefore most productive<\/a>, they can be.<\/p>\n To most Americans, this is how businesses should be judged. Even more than what products or services they offer, how they reward investors, or what positions they take on issues, the biggest determinant of the company lies in how they treat their people. Employees are making clear that helping them improve their wellbeing is now a centerpiece of how they want to be treated. Our surveys have found that 83% of employees<\/a> consider their wellness as important as their salary. Even more, 87%, say they\u2019ll leave any employer that does not focus on their wellness (a jump of 10 percentage points since 2022).<\/p>\n It\u2019s time to end the days of seeing a wellness program as a \u201cnice to have,\u201d or adopting a program that doesn\u2019t move the needle. It\u2019s time for every company to become a wellness company, putting people front and center.<\/p>\n The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of\u00a0<\/em>Fortune.<\/em><\/p>\n<\/div>\nPutting people front and center<\/h2>\n
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