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
White Papers
Provided by UJET
Further Reading
Financial wellness programs often sound expensive or complex, but the truth is that one simple step — helping employees better unders...
401(k) investment plans remain one of the best ways for Americans who are living well into their 70s and 80s to afford retirement. After al...
The IRS has explained how to handle taxes if a retirement plan participant doesn’t cash a distribution check and another check is issued....
Finance rarely sees jury duty or bereavement as risk. They’re payroll line items. Until courts link them to USERRA military leave –...
EBSA FY 2025 Enforcement Snapshot $1.4B recovered for workers and plans 878 civil investigations closed 253 criminal investigatio...
As employers finalize their 2026 budgets, rising healthcare costs are forcing tougher decisions in financial planning and employee benefits...