When you land on this page, we suppose that you are on the lookout for solutions to hike in medical claim, insurance premium and absenteeism or reduction in work productivity. Workplace wellness programme seems to be a logical solution. However, at this point, maybe you are looking for one convincing answer to your question, “Does my company really need a wellness programme?”
Before this, let’s go through a few statistics which may sound relevant to your company’s prevalence.
- 45.9% of employees exercise less than 150 minutes.
- 16.6% of the Malaysian population is obese.
- 85% of employees have one or more musculoskeletal conditions.
- 91.7% of employees do not practise a balanced diet.
- 17.5% of Malaysian adults have diabetes out of which 9.2% are not even aware that they have diabetes.
- 32% of employees have one or more chronic diseases including hypertension, hypercholesterolemia, diabetes, heart diseases or stroke.
- Source: AIA
Having seen these numbers, we suppose that you agree and recognise the statistics, which you could substantially correlate these with your company’s recent hike in medical claim or healthcare cost. You may be also genuinely aware that if these are left untreated, these groups of people will be a time bomb to your company’s finance and performance.
Prevention increases productivity
Low productivity at work and absenteeism are the two main concerns of companies. Employees miss work or do not perform for a variety of reasons. Among which include acute and chronic illnesses, injuries, burnout, stress, depression and low morale. Absenteeism and presenteeism cost companies a total loss of 73.1 days per employee, which is equivalent to RM2.27million per employer every year. It is simple to understand that these were left unattended, these do not only impose a negative impact on company finances but also on overall morale and quality of services. A study by Chapman Institute shows that workplace wellness programme reduced absenteeism and sick leave by 25%. Therefore a company should start taking the initiative to implement workplace wellness programme to address such issues before they snowball into a catastrophic event which eventually the company has to foot the bill.
better cheaper than cure.
Benjamin Franklin’s axiom that “an ounce of prevention is worth a pound of cure” stays true and applicable until today. A little investment in an intervention programme to manage and reduce the employees’ health risk factors is preferable to the medical cost when the risks have progressed into a disease. Once the employees fall sick, it will become an unspoken responsibility and commitment of the company to take care of the huge (and never-ending) sum spent on treatment. On average companies would see a hike of 45% annually in healthcare cost, which is either reflected on a company’s increasing healthcare cost or on the insurance premium, not to mention a larger cost involved to treat the life-threatening complications resulted from the diseases.
For example, obese people are 80 times more likely to develop Type 2 diabetes. A local study published in the Medical Journal of Malaysia estimates that a diabetic patient’s medical follow-up costs approximately RM459 per year. If the disease deteriorated, the cost involved to treat the complications would be much higher. For example, diabetes complication may cost MYR42,000 per patient per year for nephropathy, RM4,817 for myocardial infarction, RM5,345 for stroke, RM3,880 for heart failure, RM5,519 for a foot amputation, RM479 for retinopathy and RM4,812 for cataract extraction. However, you may avoid this unnecessary cost if early intervention is implemented to help the obese or overweight employees to manage and reduce their weight at merely a fraction of the medical cost.
Workplace wellness programme decreases turnover and improves employee engagement
Research shows that employers focusing on health and wellbeing of the employees tend to win employee satisfaction. Nowadays most of the companies have a diverse workforce of more than one generation working under one roof, including baby boomers, Generation X, Millenials and even Generation Z. Different generations have different health needs and lifestyle behaviours. Therefore a one-size-fits-all wellness approach may not work anymore when the employer needs to fulfil the specific benefits needs of every generation in the company. Gen-X, Millenials and Gen-Z workers may expect more perks in the form of employee benefits programme from the employers, and wellness initiative is definitely one of the trendy lifestyles among these groups of workers. The channels through which every generation consumes the health information have evolved drastically since then. Baby boomers may expect the learning comes from conventional classroom-styled seminar while Gen-X and later who expect quick and flexible feed of information may be more open to learning via mobile app. Having all these perks in place, this will help to increase the employee satisfaction at work, thus leading to reduction in turnover and improved employee engagement. In simpler word, if the company takes care of the employees, the employees will, in turn, take care of the company.
We, at Walnut Wellness, are committed to making Malaysian employees healthier by offering a wide range of workplace wellness services which would definitely meet your wellness needs at a reasonable investment starting from as low as RM1 per employee per month.
Email us now at email@example.com to arrange for a demo.