Saving Corporate Cash by Hiring a Chief Health Officer

via Wall Street Journal

One of the greatest challenges corporations face today is ensuring the health and well-being of their employees. I have an uncomplicated solution for achieving this: appoint a chief health officer.

Health and health-related spending are a big expense for all companies, and the numbers continue to climb. Fully 86% of employees today are above their normal weight or have a chronic condition, according to a Gallup survey a few years ago. They miss an estimated 450 million extra days of work a year compared with healthy workers, which a recent study by the Centers for Disease Control and Prevention says annually costs American businesses from $150 billion to a little more than $225 billion in lost productivity.

Health, happiness and productivity at work are related outcomes, and companies are in a unique position to support all three. But corporate wellness programs are either ignored or resented for being too intrusive.

Read the full article here

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About thebenefitblog

Eric is a Producer at Lockton Insurance Brokers, Inc., the world’s largest privately held commercial broker. Eric has over 23 years of experience in the insurance industry and has spent the last 11 years with Lockton. Eric specializes in Health & Welfare Benefits, Retirement Planning, and Executive Benefits. Eric's clients utilize his expertise in the areas of Plan Due Diligence, Transaction Structure, Fiduciary Oversight, Investment Design, Compliance and Vendor negotiation to improve the operational & financial outcome for each client. The Benefit Blog is a place to share that expertise and industry news.
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