New Study Shows That Employees That Exercise Earn 9% More

employees that exercise earn 9% more than those that do not exerciseAustin, Texas: A new study published in the June issue of the Journal of Labor Research shows that workers who exercise regularly earn 9% higher pay on average than those who don’t.

According to the study, There are three potential explanations for the correlation between exercise and earnings:

  1. 1) Exercise leads to higher wages

  2. 2) Wage changes affect individuals’ level of physical activity

  3. 3) Other, unobserved factors cause differences in both exercise frequency and earnings.

The study, published in the Journal of Labor Research, suggests that regular exercise can have an impact on the productivity and well-being of an employee. “It is widely acknowledged that regular exercise has a beneficial impact on well-being. In addition to the positive impact on heart health, weight and on a variety of other medical issues, studies in the literature show that exercise leads to improved mental function, psychological condition and higher energy level, ” Kosteas notes.

He adds, “All three of these traits can be translated into higher earnings by increasing productivity. Besides the direct effect, exercise can have indirect positive impacts on labor market outcome by serving as a signal to potential employers that the individual is dedicated and disciplined.” Since the employer benefits from these attributes, Kosteas recommends that employers embrace sponsored exercise programs and gym memberships not only for the good of employees, but also for the bottom line.

Any firm that is not seriously promoting exercise and fitness programs are basically costing themselves money, according to this study.

Not only will you be saving money on your insurance premiums, but you will get more output from your employees, as well.  Looks like a win-win.

Start a wellness program right away to maximize the impact you can have on your employees.

A good place to start is WELCOA, the Wellness Council of America— which is chock full of resources on wellness programs.

At Wellness Incentives Plus, we have also published many articles on the Do’s and Don’ts of creating and implementing a corporate wellness program for you to read.

Do the research and start developing your own wellness program as soon as possible.

Here’s to a Healthier Workforce!

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Robert Piller is President of WellnessIncentivesPlus.com, a leading provider of custom-printed promotional items geared exclusively for wellness programs and wellness incentives. These branded gifts are ideal for wellness incentive rewards, wellness kickoff or announcement gifts or as wellness reminders. Visit WellnessIncentivesPlus.com to view thousands of wellness rewards and reminders in all price points.

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5 Tips for Getting C-Level Approval for Your Company’s Wellness Program

5 tips for getting your CEO to approve your corporate wellness programAustin, Texas: We have written extensively on the importance of getting yur CEO or other C-Level executives to buy into your wellness program in order to ensure its success.

Now, WELCOA, the Wellness Council of America,  has put together a free download that highlights five key ways to get your CEO involved:

1) Make The Business Case For Workplace Wellness Programs.

Provide data showing ROI from similar programs, get facts and figures from your insurance providers and discuss in simple math how a wellness program can lead to significant savings.  This program is not supposed to be a charity or handout.  If it makes economic sense, your executives should appreciate the program..and your efforts.

2)Enroll Your CEO In An Executive Health Program.

Once the executive has gone through the extensive testing, and has gotten the results back, he/she will be much better suited to understand the intricacies of the program..and its benefits to their employees. This process will show the executive that wellness is more than just numbers and charts.

3) Present Your CEO With Employee Testimonials.

By showing your CEO that your employees are enthused about a wellness program and explaining how a program can improve not just the fitness of the employees, but of their family, as well, your chances of persuasion for the program should increase exponentially.

4) Connect Your CEO With Other CEO’s Who Get It.

No CEO wants to fee that they “just don’t get it” when it comes to most issues – especially healthcare.  Once they see like-minded executives that have implemented wellness programs, they will be more likely to get behind the program– and endorse it with the strength of their convictions

5) Show Your CEO How Other Small Businesses Have Done It.

Executives love results — and if you can show them real world examples of success, the program becomes less abstract.  Instead of being a matter of “if”, it becomes a matter of “how soon”.

These ideas are simple ways to get the conversation rolling.  Other ideas are available online at WELCOA’s website–most of which are free with membership.

There is no excuse about putting off a wellness program for your employees.  These tips can provide the needed first step–management support.

Here’s to a more healthy workplace.

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Robert Piller is President of WellnessIncentivesPlus.com, a leading provider of custom-printed promotional items geared exclusively for wellness programs and wellness incentives. These branded gifts are ideal for wellness incentive rewards, wellness kickoff or announcement gifts or as wellness reminders. Visit WellnessIncentivesPlus.com to view thousands of wellness rewards and reminders in all price points.

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Is Trying to Measure Your Wellness Program’s ROI Keeping You From Moving Forward?

what is keeping your company back from offering a wellness program?Austin, Texas:  An recent article in USA Today, entitled More Firms Using Incentives to Prod Employees to Fitness, took a positive look at the success of corporate wellness programs.

It cited a survey of 335 employers that found that the share of companies that used financial rewards in health management programs increased to 54% in 2011 from 36% in 2009. In 2012, about 80% of companies plan to offer financial rewards.

Most employers are quickly learning about the need to incorporate wellness and fitness programs into their corporate structure as a way of reducing health care costs.

However the most difficult stumbling block that most Human Resource Directors are finding is justifying expenses for the wellness program without hard data and stats proving its effectiveness.

Many ratios have been bandied about, the latest being a 6:1 ROI ratio for return vs. cost of a wellness program. I have seen this ratio show anywhere from a 3:1 ratio to 6:1 – depending on the source.

The USA Today article describes a program from Health Care Service Corp, where with incentives such as cheap gym memberships and “prizes” for hitting goals, HCSC’s fitness program has saved the an average of $17 a month in medical costs, while those not enrolled have raised its health costs by 5%. And that is over nearly 5,000 participants – a savings of over a million dollars per year.

Debbi Brooks, divisional vice president of the wellness program at HCSC, said some of the changes have been too substantial to be coincidental.

Employees who work out one to two times a week have 8% lower medical costs than those who don’t work out; those who work out two to three times a week have 28% lower medical costs; and those who work out more than three times a week have 44% lower medical costs.

Can you determine the return on investment of your wellness program?

If you haven’t already done so, now is the time, so you can justify your programs success and keep it funded.

If you are still in the planning stages, there are plenty of industry statistics you can use, most available free from WELCOA, the Wellness Councils of America.

2012 is just around the corner.  Are you going to be the 80% of the companies running wellness incentive and programs for your employees, or are you going to be the 20% sitting on the sidelines, waiting for more specific results, while the non-action continues to cost your company significant money?

Be proactive.  Take the time to gather your wellness results so you can foster a healthy workforce.

As Debbi Brooks mentions in the USA article, “It’s good business to have a healthy population. It really is the right thing to do.”

Here’s to a healthier and fitter workforce!

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Robert Piller is President of WellnessIncentivesPlus.com, a leading provider of custom-printed promotional items geared exclusively for wellness programs and wellness incentives. These branded gifts are ideal for wellness incentive rewards, wellness kickoff or announcement gifts or as wellness reminders. Visit WellnessIncentivesPlus.com to view thousands of wellness rewards and reminders in all price points.

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