Why bringing illnesses into the office is worth it
For fear of infecting your entire department, you’d never encourage a sick Finance employee to come into the office. But what if you could cut costs by bringing healthcare functions on-site?
The big boys are doing it — companies like Toyota, Pepsi and Sprint Nextel are seeing major savings (for employer and employee alike) by bringing health clinics on-site. They handle routine services like flu and allergy shots, check-ups and programs for common, chronic diseases like diabetes and asthma. A few are even committing to long-term programs for weight loss and smoking cessation.
But if your company doesn’t have the massive resources of these businesses — and let’s face it, most don’t — there’s still the option of contracting the function out to a nearby, off-site clinic. It won’t be quite the same as having employees stop by before or after a shift to take care of their medical needs, but it still gives them a centralized place to find anything they need.
A report from Watson Wyatt and the National Business Group on Health found that 29% of companies either have or plan to an offer on-site health center, and that 70% of those companies cited “reducing medical costs” as the main reason for doing so.
How much can a company expect to save? Plenty, and it won’t take too long to see it: On-site programs should expect at least a 3:1 return on investment within the first three years of its introduction. That includes lowered healthcare costs for both a company and its employees and the increase in productivity from fewer employee sicknesses.
Free Training & Resources
Further Reading
Americans use more healthcare services than any other people. So we pay more as a result — and the cost is going up every year. 2025 ...
Could it be time for a review of your employee severance agreements? Right now Twitter’s experiencing major pitfalls from having them...
If your company’s employees are like most, they’d score a big fat F on a financial literacy test. Every year, the Teachers ...
Instant payouts are replacing traditional paychecks for millions of workers, according to a new PYMENTS Intelligence Report titled “Insta...
EBSA FY 2025 Enforcement Snapshot $1.4B recovered for workers and plans 878 civil investigations closed 253 criminal investigatio...
Employees may not understand lifestyle spending accounts (LSAs) as well as you think. That can lead to questions or just confusion. Thi...