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Growing Emphasis Seen On Health Prevention In The Workplace
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Health
prevention in the workplace is a growing trend among multi-national
employers, due to the fact that 2 percent of capital spent on the
workforce is lost to disability, absenteeism and presenteeism because
of chronic disease, according to PricewaterhouseCoopers (PwC) Health
Research Institute’s report on chronic disease.
In "Working
Toward Wellness: Accelerating the Prevention of Chronic Disease," PwC
studied the challenges facing businesses as a consequence of the
growing epidemic of chronic disease, and found that indirect costs,
like absenteeism, are more than the additional direct medical claim
costs that some employers incur. In contrast, corporate wellness
programs have been shown to provide a 3-to-1 return on investment,
found the PwC study.
Part of
PwC’s research included a survey on wellness programs among
multi-national employers representing more than 3 million employees
worldwide. The survey, conducted in conjunction with the Washington,
DC-based National Business Group on Health, found that:
- more than
half of multinational corporations surveyed expect to introduce or
expand corporate wellness programs over the next five years;
- one third
(33 percent) are rolling out comprehensives wellness programs in
multiple countries, while another 17 percent are rolling out a single
wellness program in multiple countries; and
- the two
leading reasons cited for promoting wellness were "reducing indirect
costs associated with absenteeism, presenteeism, disability and
workers’ compensation" and "improving work performance, such as
productivity and quality."
PwC also
found that of the 20 largest multi-national companies in the world, 75
percent published corporate responsibility reports online in 2006. Of
those that published reports, 93 percent emphasized their commitment to
improving the health of employees.
"Traditionally,
it has been governments, not employers, that have been responsible for
managing the major global health risks," said Jim Henry, global leader
for healthcare, PwC LLP. "As we get older, fatter and less active, the
weight of the world is falling on the bottom lines of the world’s
largest companies in the form of reduced productivity, increased tax
burdens and declining competitiveness."
Address: PricewaterhouseCoopers Health Research Institute, 300 Madison Avenue, New York, NY 10036; (646) 471-3000, www.pwc.com.
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