Synergy Coverage Solutions has been involved in the workers’ compensation industry for nearly a decade. Committed to innovative solutions, we are constantly looking at industry trends to stay ahead of the curve. One thing we have noticed throughout the past few years is the importance of health and wellness among a business’ employees. Hiring employees who are fit for duty makes sense, as it ensures your potential employee can perform their daily job functions without high risk to injury.
In the past, our company has focused on implementing proactive Loss Prevention programs. This is still a large focus of ours, but we have also realized a shift in the importance of employee health and wellness. Companies with an effective wellness culture can show cost savings in retention, recruitment, reputation, and employee engagement. Additionally, a 2007 Duke University study involving 11,700 individuals tied increased workers’ compensation claims costs as an individual’s body mass index, or BMI, increased. Comparing medical claims costs per 100 workers, an individual with a normal BMI had an average cost of $7500, whereas an individual with an overweight BMI had an average cost of $13,300. These costs increased for each level – $19,000 for mildly obese, $23,300 for moderately obese, and $51,000 for severely obese BMI classifications.
As more companies are investing in long-term solutions to improve employee health and wellness, the most important aspect is to have an effective wellness program – one that is enjoyable and challenges your employees to live a healthier lifestyle, without disengaging interest throughout the year.