Posted by Employer Wellness | Posted in Employer Wellness | Posted on 11-11-2008
Employer Wellness Program Study Shows Millions Lost Due to Illness
Employer Wellness Program was shown to be a huge economic boon for companies in a recently-released joint report by the World Health Organization (WHO) and the World Economic Forum (WEF). Nearly three million productive staff members in labor markets worldwide add up to a lot of money. The Employer Wellness Program research study estimates that China will lose $558 billion, India $237 billion, and Russia $303 billion in national income from 2005 to 2015 due to only three chronic diseases: heart disease, stroke, and diabetes.
Lack of Employer Wellness Program A “Huge Expense”
The U.S. Center for Disease Control also reports that chronic disease accounts for approximately 75 percent of yearly staff member health care costs in the U.S., which constitutes a huge expense for companies. And the Public Health Foundation of India estimates that its country will lose 18 million potentially productive years of life by 2030, a statistic no nation can afford, let alone a developing one.
Employee Health Promotion Programs the Answer
A sustainable solution to these challenges cannot be solved by medical benefits alone. Workplace commitments to Employer Wellness Program are also crucial. Companies are advised to begin workplace Health Screening and Biometric Testings for their staff members, as well as look into a comprehensive health management program. These and other precautions are good secret weapons against the economic pitfall of unhealthy staff members.