Request Demo
Request Demo

A survey from the International Foundation of Employee Benefit Plans discovered that 28% of organizations are tracking the return on investment (ROI) for their employee wellness programs.  This is in contrast to the modern value on investment (VOI) perspective that continues to become more popular as an assessment methodology.  Half of the surveyed organizations were using at least one VOI measure to track success, including employee engagement (30%), turnover (22%), absenteeism (18%), productivity (17%), and recruitment/referral rates (13%).

CHECK OUT OUR 4-MINUTE VIDEO ON ROI VS VOI FOR EMPLOYEE WELLNESS!

It comes as no surprise that employee engagement tops the list of VOI measures for wellness program efficacy.  It is the easiest to measure and is the least impacted by confounding variables.  Turnover, a distant second, also is not surprising.  Employees, especially millennials, want to work for companies that place a premium on employee welfare, offer flexible scheduling, and bestow a sense of purpose.  As the Global Wellness Institute describes it, employees want to work for “caring companies”, and these companies are more likely to healthy living at and away from work.  Collectively, turnover and recruitment/referral rates rival the importance of employee engagement, albeit both are closely connected.

The survey also identified common characteristics of positive VOI wellness programs.  Wellness programs with positive VOI offer a wider range of offerings than other organizations as well as are more likely to use a variety of wellness communication channels, including seminars, speakers, testimonials, books, brochures, health fairs, and social media.  "Beyond traditional wellness initiatives, [positive VOI programs] are offering options like stress-management programs, staff outings, charity drives, and flexible workhours."

Picture1

 
The study used data from 372 organizations of a variety of sizes, industries, and regions across the U.S.

Get our latest articles delivered straight to your inbox!

12 Questions To Ask During Your Next Wellness Platform Demo

Whether you’re exploring wellness programs for the first time or are a seasoned veteran looking for...

Causes And Treatments Of Leadership Burnout

As defined by the World Health Organization, occupation burnout is a state of psychological...

Updates On Workplace Productivity: Communication Overload And Systems-Level Solutions

Productivity is often recognized by businesses as a key organizational metric. Despite the...

Exploring The Connection Between Wellness Programs And Stock Price Performance

A series of recent studies have found correlations between the use of employee wellness programs...

Creating A Pet-Friendly, Wellness-Boosting Workplace

Not only are pets great companions, but they can also have a significant positive effect on your...

12 Ideas For Virtual Health Fair Success

One effective way for an organization to improve employee well-being is to provide an opportunity...

The Psychological Toll Of Open-Plan Offices

Popularized by tech giants like Facebook and Google, open-plan offices designs (i.e., designs that...

Stepping Towards Health Benefits

Digital health companies like Fitbit often tout 10,000 steps as the magic daily number needed to...

The Rise of Workplace Burnout: Causes And Treatments

Prolonged stress can make it more difficult for individuals to approach their daily activities with...

Empathy, Virtual Reality, And Workplace Optimization

Empathy, often understood as the tendency or ability to take the perspective of others and feel the...