total jobs On EmploymentCrossing


new jobs this week On EmploymentCrossing


job type count

On HRCrossing

Healthy, Happy Workers Benefit the Bottom Line

What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
How often over the past decade have we heard employers and their workers complain about the rising cost of health care?

The answer is "every year," especially when annual surveys reveal how much health insurance premiums have climbed.

Until now, the general idea of containing health care costs was for employers to reduce their coverage, or to make workers pay an increasing share of the load.

Either way, the employer and the workers lost out. The employer could offer lower-quality health plans to workers, or workers could pay more money for the same benefits they got last year.

A survey from MetLife shows that employers might now finally be ready to accept the premise that they can save money on medical costs by promoting wellness and prevention.

Some companies have believed that for years, but they were relatively few and it was hard to articulate a cost savings by counting people who didn't fall ill.

The survey shows that 28% of all companies - and 49% of those with 500 or more employees - now have some type of wellness program as a workplace benefit.

Forty-three percent of companies believe that their employees highly value these programs.

The survey indicates that companies have been more willing to invest in wellness programs over the past couple of years. For instance, 17% of companies offer health insurance credits for employees following wellness guidelines such as exercise, nutrition, check-ups and disease screenings.

Additionally, 9% of employers with 500 or more employees say they impose financial penalties on employees for not following wellness guides.

"Wellness and prevention programs can benefit both employees and employers," says MetLife vice president Ronald Leopold.

"Healthy employees can be more productive and help curb the medical and disability costs of a working population. In turn, employees' health impacts their wealth. Taking active steps to improve one's health can help mitigate circumstances that can affect a person's financial safety net and premature withdrawal of savings."

So finally we have turned the corner from just trying to put a lid on health care costs to actually doing something constructive to make employees healthier.

It also helps companies achieve what they claim is their primary goal with benefits. MetLife says 55% of companies now view retaining employees as the most important objective of their benefit program. And, healthier workers are more likely to remain with the company longer.

The attitude adjustment toward health care costs might not seem significant, but it has the potential to make a long-term difference for both employers and their workers.

If this article has helped you in some way, will you say thanks by sharing it through a share, like, a link, or an email to someone you think would appreciate the reference.

Popular tags:

 health insurance  MetLife  savings  vice president  patients  wellness  reveal  workers  costs  benefits

What I liked about the service is that it had such a comprehensive collection of jobs! I was using a number of sites previously and this took up so much time, but in joining EmploymentCrossing, I was able to stop going from site to site and was able to find everything I needed on EmploymentCrossing.
John Elstner - Baltimore, MD
  • All we do is research jobs.
  • Our team of researchers, programmers, and analysts find you jobs from over 1,000 career pages and other sources
  • Our members get more interviews and jobs than people who use "public job boards"
Shoot for the moon. Even if you miss it, you will land among the stars.
HRCrossing - #1 Job Aggregation and Private Job-Opening Research Service — The Most Quality Jobs Anywhere
HRCrossing is the first job consolidation service in the employment industry to seek to include every job that exists in the world.
Copyright © 2021 HRCrossing - All rights reserved. 169