In addition to the current health insurance plans, employee wellness programmes seem like more of a necessity than an alternative to keep a company’s employees healthy and functioning.
Such ideas are built around for a specific purpose – such as helping the employee to stop smoking or overcome work anxiety; to onsite gyms or gym memberships; to programs that specifically cater to specific health problems needing medical and financial assistance.
Corporate wellness of the employees has become one of the primary focus of the companies. Johnson & Johnson, which attributes ‘corporate wellness’ to be both its vision and mission, has implemented innovative initiatives, including life coaching, stress management training, etc. Emrana Sheikh, Enterprise HR Head (India & South Asia) of Johnson & Johnson, says, “We firmly believe that corporate wellness has a cascading effect on the health of the business and ultimately the health of our customers and communities.”
“The investment in such programs isn’t a fixed criterion and depends on the organization more or less, including their needs, and demand,” says Amol Naikawadi, MD at Indus Health Plus, further opining that it holds a very vital practice.
Fuller Life, a very prominent employee wellness company, working over 17 years, and having clients over 15 companies like Accenture, Britannia, Dell, etc., the Wellness Program includes three things: Diagnose early; Increase awareness – across nutrition, rest, and exercise; fitness activities.
Corporate Wellness agendas are directed in workplaces to keep the employees healthy. With its increasing importance and implementation, corporates are now also emphasizing on better health insurance and work-life balance.
The analysts forecast the Corporate Wellness Market is expected to grow worth of USD +85 Billion and at a CAGR of +7% over the forecast period 2019-2025. The global revolutionary report has newly published by The Research Insights to describe the statistical and analytical view of the global Corporate Wellness market. These programs are considered to support a holistic way of employee welfare and move beyond traditional wellness programs.
Promoting healthy lifestyles amongst the employees are aimed to improve health outcomes, along with increasing productivity, efficiency. These human resource investments have now helped companies strongly reconsider their approach to managing the current human capital.
There is awareness of employee physical health impacts in the workplace in terms of absenteeism and productivity,” said Hector De La Torre, executive director of Transamerica Center for Health Studies (TCHS).
But the near-unanimous acknowledgment of what was formerly a blurred subject in the workplace shows that employees’ health is growing in importance for organizations worldwide.