Rising healthcare costs are a concern for businesses globally. As chronic diseases become more common companies feel the financial strain.

Direct costs such as insurance premiums and medical treatments are substantial. But the indirect costs like absenteeism, lower productivity, and employee turnover can be more detrimental.

Corporate wellness programs are vital for companies aiming to decrease healthcare costs. Medical costs decrease by approximately INR 271.15 for every INR 82.92 invested in wellness programs. Absenteeism costs drop by around INR 226.37 for every INR 82.92 spent.

But that’s not all.

Corporate wellness programs can help identify dangerous illnesses early. This empowers employees to take adequate precautions, while encouraging healthier lifestyle choices among staff.

The result?

Businesses can tackle health issues effectively and encourage healthier habits in the workforce. This in turn helps them cultivate a more productive and committed workforce. This translates to superior employee morale and loyalty, and lower healthcare expenses.

In today’s complex business landscape, a focus on employee well-being through corporate wellness schemes is a strategic investment that leads to cost savings for businesses.

Contact Yira today to begin your corporate wellness journey.