Survey Finds Large Employers Value Wellness Programs

More than half (57 percent) of larger employers (those with 500 or more employees) are providing employees with a wellness program up from 49 percent in 2006, according to MetLife.

While the number of smaller employers (those with less than 500 employees) that offer a wellness program has remained steady the last two years at 16 percent, MetLife’s Sixth Annual Employee Benefits Trends Study found that nine out of 10 (94 percent) companies, both large and small, that offer a wellness program believe they are effective for reducing medical costs. These wellness programs include different items such as smoking cessation, weight management, an exercise regimen or cancer screening. Only 9 percent of employers impose financial penalties on employees who do not meet wellness guidelines -- a percentage that has remained steady for two years.

The study’s results also show that about four out of five employers that have wellness programs are providing incentives to encourage employee participation. Among employers that use incentives, the following motivational devices are being used:

  • 40 percent of employers provide gyms/fitness center discounts.
  • 38 percent of employers provide gifts and prizes.
  • 27 percent of employers offer a reduction in employee contributions to medical plans.
  • 17 percent of employers waive medical plan deductibles.
  • 17 percent of employers offer additional time off.
  • 14 percent of employers offer employees a credit towards their benefits purchases.
  • 2 percent of employers offer cash/bonuses.

"Health insurance is not health assurance. While health insurance can offer employees important financial protection for acute medical events, most health insurance is not designed to help employees and their employers take a preventive approach to serious conditions that can often be avoided with healthy lifestyle decisions. Helping employees see the value of wellness programs can lead to improved participation, which could affect not only their own current and future finances and productivity but that of their employers," said Ronald Leopold, M.D. and vice president, MetLife Institutional Business.

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Easy to Use Safety Incident App

    Record incidents on the go with IndustrySafe’s mobile app. Collect data for multiple types of incidents including including near misses, vehicle and environmental incidents, and employee and non-employee injuries; at job sites and remote locations—with or without web access.

  • Complete Online Safety Training Courses

    Deliver state-of-the art, online safety training courses to your organization with IndustrySafe Training Management Software. Generate reports to track training compliance and automatically notify learners of upcoming or overdue classes.

  • Conduct EHS Inspections and Audits

    Record and manage your organization’s inspection data with IndustrySafe’s Inspections module. IndustrySafe’s pre-built forms and checklists may be used as is, or can be customized to better suit the needs of your organization.

  • Track Key Safety Performance Indicators

    IndustrySafe’s Dashboard Module allows organizations to easily track safety KPIs and metrics. Gain increased visibility into your business’ operations and safety data.

  • Industry Safe
comments powered by Disqus