How much do wellness programs cost?

Admin • 2021.11.30

‘Wellness programs cost a lot of money’ – an employer can say. It is relatively true, but if we consider other aspects of the essence of corporate wellness programs, we can find out, that the money spent on employee wellbeing programs has a good ROI. 

Maintain proper workplace health programs to improve work efficiency and overall productivity, while reducing employee turnover and sick leave costs.

The rising cost of corporate wellness programs

What are the rising costs of corporate wellness? How the money is spent?

• Workplace wellness programs
• Wellness incentives
• Employer-sponsored health insurance
• and health monitoring (including telemedicine)

If it’s not done properly, costs can go up. For example, do an employee wellness program with professionals. Self-made gym-addict colleagues might offer their help for you, but they won’t do it professionally. Organizing and administrating such fitness programs are not that easy, an expert can do it better: and overall, cheaper. Do such events as a walking challenge.

The price of wellness incentives is totally up to you. You can use lower-price items but the bigger the prize, the bigger the motivation.

Maintaining a healthy work environment also costs money: healthy lunch, comforting chairs, physical safety are nice gestures, but the focus is on mental health: show your appreciation, trust, give your colleagues a real voice. 

In the US,  approximately half of the population has healthcare plans provided by their employers. It’s a billion-dollar industry, and it is still rising. Good health insurance covers your employees’ needs and boosts their morale!

The healthcare system is changing, people need new and flexible solutions, in a shorter time. Digital solutions taking over while people are trying to live, move, and eat more healthily. Telemedicine can help monitor your employees’ health data, so you can establish more preventive healthcare in your company.

Workplace wellness programs can generate savings

So, all of the above-mentioned programs cost money, so how can they generate savings? 

With a great wellness program you can achieve a

• 27% decrease in sick days,
• 10% increase in productivity,
• 10% drop in employee turnover.

For example, if you have 50 employees, with an average gross monthly salary of 2600 euros and 12 sick days, you can have a potential savings of approximately 20.000 euros within 5 years. 

Available corporate wellness pricing models

Pricing models do not differ: an employee has to pay a fee after each of their colleagues, based on the services they want to use. 

How much do wellness programs cost?

According to HBR, doing workplace wellness programs is an 8 billion dollar industry. There are many good examples of how it should be done, yet, it seems like for a lot of companies, it’s just a must-have process and not part of the company culture.

How much do wellness programs cost?

Based on country and needs, it starts from 3€ a month up to 45€/month. The average spending on one employee is around 70-90€.  

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