Co-Success Culture
Stress is costly
Stress is costly
Stress is costly
"The cost of poor health to employers is greater than the combined revenues of Apple, Amazon, Microsoft, Netflix, EBAY and Adobe." - Thomas Parry, PhD, IBI President
In 2018, US employers paid nearly $880 billion in health care benefits for employees and dependents. However, illness-related lost productivity costs them another $530 billion per year, per a new report from the Integrated Benefits Institute (IBI), a nonprofit health and productivity research organization. That amounts to 60 cents for every dollar employers spend on health care benefits.
Employees covered for sick time, workers' compensation, disability, and family and medical leave benefits are absent about 893 million days due to illness and incur an estimated 527 million lost work days due to impaired performance. This totals almost 1.4 billion days annually of employees absent greater than every nurse in the US missing a year of work.
top 5 Benefits
Stress is costly
Stress is costly
- Reduces Health Care Costs
- Reduces Elevated Health Risks
- Improves Productivity
- Improves Performance
- Decreases Absenteeism
win-win
Stress is costly
win-win
American corporations commonly hold that their greatest asset is their workforce. There is a growing body of evidence that investing in a healthy workforce can have a profound impact on the bottom line.
A recent report by German psychologist Sabine Sonnentag showed that wellness programs (workshops) boost productivity, reduce stress, and increase employee engagement and communication.