Corporate Wellness Statistics

Implementing a corporate wellness program should be an easy decision. It not only pays for itself but also encourages team building and instills a sense of community. Below are some extra statistic that make the clear argument for incorporating a corporate wellness program:

  • 40% of job turnover is due to stress.
  • Replacing an average employee costs 120-200% of the salary of the position affected.
  • Healthcare expenditures are nearly 50% greater for workers who report high levels of stress.
  • 60-80% of accidents on the job are stress related.
  • Repetitive musculoskeletal injuries like carpal tunnel syndrome have become the leading workplace health cost.
  • Job stress and related problems cost American companies an estimated $200 billion or more annually as a result of absenteeism, turnover, accidents etc. Stress has even been declared a workplace hazard by the Occupational Safety and Health Administration.
  • The average cost of absenteeism in a large company is more than $3.6 million/year.
  • Depression is the largest single predictor of absenteeism and work related performance.
  • Depressive illness, a common side effect of job stress, in employees is associated with nearly 10 annual sick days (this study included one large firm).
  • For every 47 cents spent on treating depression, another 53 cents is indirectly spent on absenteeism, presenteeism, and disability.
  • Insurance data indicates insurance claims for stress related industrial accidents cost nearly twice as much as non stress related industrial accidents.
  • 75 to 92% of doctor visits are for stress related ailments and complaints.
  • Job stress is the source of more health complaints than financial or family problems.
  • Stress is linked to the six leading causes of death – heart disease, cancer, lung ailments, accidents, cirrhosis of the liver and suicide according to the American Psychological Association.
  • Almost two-thirds of adults over age 20 are overweight or obese.
  • 70 % family/social relationships are in bad shape due to mental & physical stress.

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August 7, 2016