How to Build the Right Employee Wellness Program For Your Team

Insure My Team
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December 21, 2021
Employee Wellness Program For Your Team

An employee wellness program is your way of showing that you care about your employees’ health and well-being, and 70% of employees feel that way too

Every rupee invested in employee wellness programs yields roughly double its savings through reduced sick days, higher productivity and decreased overall health costs.

So how should you plan and implement a wellness program that‘s efficient, smart, scalable and goal-oriented?  

Here are things you should include in your employee wellness program

Financial Wellness 

Financial wellness is important and includes educating your employees about handling their finances wisely and improving their financial health. It helps in promoting the understanding of your employees about concepts related to finance management. This will be helpful for your employees in establishing stable financial scenarios at both the home and workplace.

Financial wellness  should cover the different aspects related to financial health such as:

  • Setting up of financial goals
  • Budgeting for household and personal expenses
  • Emergency fund and short-term savings
  • Credit building Debt reduction
  • Management techniques for a financial crisis
  • Spending pattern and behaviour
  • Smart shopping tactics

Mental health and Mindfulness

Mental Health assessments typically involve asking employees questions about modifiable risks, such as smoking behaviour, physical inactivity, poor diet, and high stress levels. 

Around 1-in-7 people globally have one or more mental or substance use disorders. 28% of work-from-home employees reported burnout with 48% feeling stressed due to task deadlines, and 35% of employees working from home were worried about self/ family’s mental health.

It is crucial for every company to promote a culture that values every employee and understands that it's normal to suffer from mental health conditions. Mental health training for employees can help them recognise the signs of someone who may be struggling with a mental health challenge and connect them to support resources. Through plays and other activities, they can offer guidance on how to listen non-judgmentally, offer reassurance, and assess the risk of suicide or self-harm

Doctor Tele-consultation 

In the corporate sector, employers have been eyeing the benefits of using tele consultation services as a part of their wellness program for quite some time. It is the next big thing that can have a tremendous impact on employee health and productivity, and reduce healthcare costs.

37% Employees reported that their behavioural and physical symptoms were due to work stress. Technology has changed the game for health care services and solutions because of the ongoing COVID-19 pandemic, virtual health care, popularly known as telehealth, is the talk of the town. Although tele consultation services were in use even before COVID-19 arrived on the scene, there has been a steep rise in the use of the same post-pandemic.

Tele consultation includes many features such as:

  • Online patient portal
  • Virtual appointments
  • Remote patient monitoring
  • Virtual consultations among primary caregivers and specialists
  • Electronic Personal Health Record System
  • Personal Health Applications

Health Checkups

Annual Health Checkups is the most cost-effective strategy for companies whose rising health spending is affecting their business results and competitiveness. 82% of organisations agree that employee annual health checkup increases an organisation’s productivity and profitability. 91% of employees want employers to offer annual health checks & wellness benefits to them.

In India, where lifestyle disease is common and awareness about preventive healthcare is low, Indian corporates are taking steps to make sure that their employees & healthy & productive

In Conclusion

Setting up a wellness program isn’t always easy. But the rewards can be huge, both for your company and for your employees for years to come. To help facilitate an increase in your employees’ overall wellness, you can reach out to Insure My Team, where we offer health benefits along with affordable health insurance plans..

Written By:
Insure My Team
Insure My Team provides accessible and affordable group healthcare to Startups, SME's and Corporate organizations.