Corporate Wellness Programs (CWP) in Singapore:
CWP have seen growing recognition throughout the years as organisations have begun to emphasise lifestyle and health campaigns within their internal environment. Singapore has started to offer these programs in order to “reap the benefits” of CWP investments. Findings in studies indicate a generally greater positive attitude towards their work ethic, business and other employees – including higher job satisfaction and lower absenteeism. However, in terms of working conditions and co-worker relations, there seems to lack a focus on stress management and sense of accomplishment facilitated by leadership roles and qualities.
Singapore noted a 6.8% annual increase in medical costs
In 1992, only 9% of organisations implemented a corporate wellness initiative
Programs like the “Live for Life” program saw positive net returns – with returns amounting to double or triple the initial investment made into CWP
Fitness classes and educational seminars focused on de-stressing were most effective (Mobley, 1982)
From the sampled size, there was a positive correlation between stress, absenteeism and satisfaction
Higher level of satisfaction towards fringe benefits
Greater productivity and motivation
Multiple component wellness programs are most successful in high-risk groups or the entire workforce – because several factors are key to success and long term results
“Healthy people make healthy companies, and healthy companies… make healthy profits and healthy returns on their investments” (Pritchard et al)
KRONOS OPTIMAL HEALTH COMPANY; CORPORATE WELLNESS
(Aug 25, 2008): 167
NewsRX – Obesity and Diabetes Week (USA)
“Of the 15 leading causes of death, seven are directly associated with lifestyle choices – nutrition habits, lack of exercise, smoking and so on” (Susan Kaib, MD, FAAFP).
Education is seen as the best defense and prevention against serious conditions such as diabetes, obesity and hypertension. Finding the motivation to address and tackle such conditions is next best defense.
Addressing people in a “pre disease” state can prevent and halt its progression
A great majority of people are not motivated to take the time or initiative to seek health education themselves – employer sponsored programs are evidenced as huge motivators
Ultimately reduce soaring health care costs
On companies across America, the costs amount to billions (Kaib).
To make it a part of their culture is to ensure a greater sense of stability and corporate wellness in the long run.
Researcher: Qin Lin Business Development Consultant (Intern) Australian Corporate Wellness.
Contact Us: www.australiancorporatewellness.com.au