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Do Workplace Wellness Programs Save Money? We Find Out.

HR Digest

A study conducted by Harvard in 2015 found for every dollar spent on wellness programs, the employer saves $3 in healthcare costs and another $3 in absenteeism. The Rand study found that chronic illness management saved $3.78 The Rand study found that chronic illness management saved $3.78

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Get employee engagement right to improve retention

Business Management Daily

Is employee retention doomed? However, that hasn’t stopped a number of businesses from blaming employee turnover on the very people they depend on. How Culture Drives Employee Engagement. The campus? Even a small investment in employee retention can have immediate returns. Nowhere is this more true than at work.

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Promoting Employee Wellbeing in the Workplace: 6 Strategies for a Thriving Work Environment

Terryberry

Here, we'll explore what well-being in the workplace looks like, why it's important, and how to ensure your company is supporting employee wellbeing. Employers can support this by offering flexible work arrangements, paid time off (PTO), and reasonable working hours. What is Employee Wellbeing? because of reduced healthcare costs.

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Talent Acquisition

Analytics in HR

Doing this well leads to lower turnover, higher productivity, and increased engagement. Pillars of talent acquisition Benjamin Schneider’s Attraction-Selection-Attrition (ASA) theory describes how three interrelated forces form the fundamental pillars of talent acquisition. What is talent acquisition? The first force is attraction.

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How to Design an Employee Benefits Program Effectively

Empuls

They provide a range of benefits and perks to employees beyond their regular wages, including health and wellness benefits, retirement benefits, time-off benefits, employee perks and discounts, and educational assistance. Retirement benefits Retirement benefits include pensions, 401(k)s, and other retirement savings plans.

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How to retain employees in healthcare sector

Payactiv

Employee financial stress also negatively impacts the hospital because it typically results in lost productivity, absenteeism, accidents, and turnover. HOSPITALS “By empowering our employees to improve their financial wellness, the Payactiv service helps us optimize productivity and provide excellent care to our patients.”

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Compensation and Benefits

Analytics in HR

For example, perks like bonuses, stock options, 401k matches, pension plans, paid time off , and even free lunches are all attractive to different people and make up an essential part of the compensation and benefits package. HR uses compensation to attract top talent and boost retention rates.