Corporate wellness of employees has become one of the primary focus of companies across the globe. Big companies like Johnson & Johnson attributes ‘corporate wellness’ to be a part of their vision and mission, and have implemented innovative initiatives like exercise reimbursement, life coaching, sleep management, and stress management training for the employees. Multi-national as well as local organizations are considerably emphasizing on the wellness of their employees as they firmly believe that corporate wellness has a cascading effect on the health of the business and ultimately the health of our customers and communities.  

Studies reveal that corporate wellness programs are increasingly being linked with the benefits of increased productivity, improved employee satisfaction, and reduced long-term costs. For many employees who had started their career over 30 years ago, such wellness programs that are prevalent nowadays did not even exist. Today, thanks to the popularity and awareness about corporate wellness programs, millennials and GenZ ask employers upfront about their plans for employee wellbeing as these programs are said to help the employees with their productivity, physical and mental health.

Organizations are increasingly looking to invest in corporate wellness programs

Despite the ever growing popularity of the global corporate wellness market, it is a new concept and far from being a complete package. Organizations are increasingly investing in wellness programs and the amount depends upon the organization, their needs, and demand. As a practice, HR allocates a budget annually which turns out around 2500 to 3000 per individual, and Wellness Programs includes three things: Diagnose early; Increase awareness - across nutrition, rest, and exercise - and fitness activities – yoga, Zumba, etc. Now depending upon the nature and variety of programs required, the charges are incurred.

A lot of emphasis is being put on addressing mental wellbeing of the employees. Most times, employees work in high-stress situations but admitting mental stress is often perceived as a sign of weakness. Hence, organizations are striving at constant innovations to engage and empower their employees – be it through Energy Management Training, engaging employees and their families via personal digital health tools.

Employees are at the heart of corporate wellness programs

Employees are undoubtedly the most precious resource of any organization. And this is probably the most important reason why companies look to retain their. However, in the current scenario, employee retention is actually turning out to be considerably tough. With organizations competing to lure employees away with numerous attractive offers, but in reality, the only way to ensure employee loyalty is by ensuring strong employee well-being. According to various research, employees always prefer to work at places that in reality take care of their happiness.

Many organizations have wellness programs which are focused on helping people after they have been identified with health issues and resulted in productivity lose over a period of time. However preventive care is more important to timely detect the physical health issues among the employees so consider offering annual health check-up or group health insurance to the employees as a part of preventive health care.

Check out the Research on Global Markets report featured in this article:

Global Corporate Wellness Market (2018-2023)
August 2019 | 67 Pages | SKU: 2018235