A creative way to use wellness credits to boost productivity
At up to 10 per cent of total payroll costs, benefits plans represent a significant investment for organizations. But what does the employer get out of its investment? Are benefits plans helping employees to be healthy and more engaged? How does an investment in benefits affect workforce productivity? Many employers, if asked those questions, may pause and respond that benefits are more of an incentive for attraction and retention. The fact is that countless employers have no evidence of the impact of their investment in their benefits plans on workforce productivity. To make matters worse, employees have a tendency to view benefits programs as a form of entitlement.
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Article by Bill Howatt, chief of research and development for workforce productivity at Morneau Shepell, and Greg Caines, total health index national lead and a partner at Morneau Shepell.