our organization has approximately 6,000 employees, and the Vice President of Hu
ID: 386467 • Letter: O
Question
our organization has approximately 6,000 employees, and the Vice President of Human Resources is interested in establishing a company-wide employee wellness program, but the CEO is not convinced of the value of such a program. As a new manager in human resources with a degree in healthcare administration, the Human Resources VP has asked you to prepare a brief Executive Summary for presentation to the CEO that provides objective insight into workplace wellness programs. Because you have taken a course in population health, you recognize that such a program would benefit not only the employees, but also the organization, community, and society as a whole. Directions: You must prepare an executive summary for the CEO that includes three major sections: Section 1 – Economic effects of preventable health conditions. This section should address costs and work place implications associated with preventable health conditions. Section 2 – The business case for a health and wellness program. This section should emphasize the value of workplace wellness programs to employee, employer, and population health and include information on return on investment or ROI. Section 3 – Future workplace trends. This section should discuss future trends for wellness programs and the related implications for population health.
Explanation / Answer
In todays world of rapid growth and dynamic work requirements it is essential for an organization of our stature to reap the best out of their employees and collaboratively reach the strategic goals, providing a company-wide employee wellness program is one initiative.
It helps in preventing major illness, takes care of the minor sickness and controls the leaves of majority of the employees, thereby contributing a lot to the employee utilization, efficiency and effectiveness. The healthy work force is more energetic, motivated and easily convinced to put extra effort than when employee is sick and irregular at work.
When we roll out such a program, the investment is minimal as the deals will be in bulk and effectively the rates will be 40 to 50 % of the market rates, as we would provide 6000 + enrollments for the well providers, at the same time the value shown to the employee will be grossly high, as they would see the company providing them benefits equivalent to the market. These facilities can attract talent and also help retain employees longer, which would certainly help the company grow, reducing the training cost and showing more value provided by the company. This also creates a positive outlook of the company in the industry, the ecosystem and we are seen as a responsible company.
With several medicare policies of the government it would be of great value if with minimal investment we can make the employees and their family prevent any health related costs. Today with the rapid increase in medical expenses, preventive health care and wellness is cheaper way to show value and impact emplyee motivation and grossly contribute to organization growth. Slowly but surely all industries are adopting such practices, hence this is the right time to invest in a company-wide employee wellness program.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.