Companies Ponder a Rating of Workers’ Health

via Wall Street Journal

International Business Machines is among the employers weighing how to publicly report—and measure—the health of workers.

Companies might add something new to their annual reports: a rating of their workers’ health.

A group of employers, including International Business MachinesCorp., PepsiCo Inc. and Johnson & Johnson, are weighing how to publicly report—and measure—the health of their workforce. Such ratings would give shareholders, corporate directors, managers and consumers insight into a company’s commitment to improving employee health, and whether such efforts are getting results. Chronic illness, tobacco use and obesity can drive up a company’s medical costs, but a growing body of research suggests they can also affect productivity and performance.

A coalition of employers and insurers, dubbed the Health Metrics Working Group, has been meeting for more than a year to figure out how to collect, interpret and report this data for annual reports or other financial statements.

Read the full article here

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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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