Workplace Wellness Programs as a Cost Saving Strategy:

• In Event: Reception: ELS and Research Presentations, plus CTLA Hands-On with Tech Tools
  In Poster Session: Research Interaction Forum

Abstract

This paper will make clear in analysis that positive financial returns on investment in a wellness center facility are possible. The exploration will also demonstrate decisions that go beyond ROI. To gain insight into probable outcomes, decision tree methods, Bayes’ Theorem, utility analysis, and analytical hierarchy process methods are used. Analysis from multiple perspectives, using various approaches, results in a more informed decision maker.

The key to successful wellness programs starts with planning. Return on investment can occur if the project is well-planned, well-implemented, and is considered as part of a long-term strategy. It is vital to understand that financial return on investment is but one way to measure feasibility and success of a wellness program. Wellness programs increase productivity, reduce absenteeism, and create a happier work environment. Taking care of employees and encouraging wellness in our companies is the right thing to do.

Authors

• James Eugene Powers, University of Southern Indiana

• Mehmet C Kocakulah, University of Southern Indiana