New Power Generation Inc. 
NPG Financial Services Inc.
NPG CAM Services Inc. 
4700 Millenia Blvd 
Suite 500 Fifth Floor 
Orlando, FL 32839

npgfs1@gmail.com 
Chrislopez@npglife.us
calopez@npgcam.com

Lifestyle Read Time: 3 min

Good Health is Good Business

According to the Centers for Disease Control and Prevention, productivity losses linked to employees not showing up to work due to five risk factors— diabetes, smoking, high blood pressure, physical inactivity, and obesity— cost US employers $36.4 billion a year.1

Business owners and managers understand very well the rising cost of healthcare and the loss of productivity associated with absenteeism and employee disengagement, which is 85% of large companies that offer health benefits also offer one or more wellness programs.2

Employer efforts are bearing fruit. According to one study, for every $1 spent on employee wellness programs, businesses can save $2.73 through the benefits of reduced absenteeism.3

The Profile of a Successful Wellness Program

Tailored: An effective employee wellness program is multifaceted and must reflect the personal needs and interests of a diverse workforce.

Incentives: Incentives, such as rewards and recognition, communicate the employer's care and support for the program and help drive employee participation.

Measurable: To maintain ongoing support, there should be tracking of the program's impact.

Common Wellness Program Offerings

Some of the more common employer wellness offerings include smoking cessation, physical activity, mental health, health club membership, and nutrition.4

Employers are also starting to focus more on overall well-being, as opposed to just physical well-being. As a result, some employers are adding other features to their wellness programs, such as programs that address stress management.

A Bonus

Good health is as much a social endeavor as it is a personal journey. These programs can often create employee interactions unlikely to occur during the workday, prompting conversations and relations that catalyze new ideas and improve your work culture.

1. CDC.gov, 2023
2. KFF.org, 2022
3. WellSteps.com, February 7, 2023
4. WellSteps.com, February 8, 2023

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright FMG Suite.

 

Related Content

18 Years’ Worth of Days

18 Years’ Worth of Days

The average retirement lasts for 18 years, with many lasting even longer. Will you fill your post-retirement days with purpose?

Emerging Market Opportunities

Emerging Market Opportunities

What are your options for investing in emerging markets?

Do You Owe The AMT?

Do You Owe The AMT?

If you want to avoid potential surprises at tax time, it may make sense to know where you stand when it comes to the AMT.

 

Have A Question About This Topic?







Thank you! Oops!

Mortgages in Retirement

Explore the benefits and drawbacks to paying off your mortgage prior to retirement with this article.

How Financial Professionals Are Compensated

Read this overview to learn how financial advisors are compensated.

Required Reading: The Economic Report of the President

The Economic Report of the President can help identify the forces driving — or dragging — the economy.

View all articles

Long-Term-Care Needs

Determine your potential long-term care needs and how long your current assets might last.

Impact of Taxes and Inflation

Estimate the potential impact taxes and inflation can have on the purchasing power of an investment.

Disability Income

This calculator estimates your chances of becoming disabled and your potential need for disability insurance.

View all calculators

Rightsizing for Retirement

What does your home really cost?

Inflation and Your Portfolio

Even low inflation rates can pose a threat to investment returns.

The Power of Compound Interest

Learn how to harness the power of compound interest for your investments.

View all videos