EMPLOYEE WELLNESS PROGRAM: ITS BENEFITS SURPASS ITS COST
The Management Accountant|February 2021
When a person falls ill, it costs a lot not only in monetary terms but also in terms of his mental well-being. Not only the person who has fallen ill suffers, his family, friends also have to suffer because of his illness. The same logic applies to an organization also. When an employee falls ill, the whole organization suffers. In order to avoid such damages and disturbances, precautions are to be taken. For that, employee wellness program is a great panacea. Employee Wellness Program is the program run by an employer in order to improve employee health and also to help an individual employee to overcome any specific health related issue. So, the organizations should implement such Employee Wellness Programs to reap the benefits of the same. In this article, how Employee Wellness Programs can be executed, types of wellness programs and their benefits are discussed.
Dr. Ashish B. Gorvadiya, Dr. Manish B. Raval

Introduction:

We are passing through the unprecedented health crisis over the whole world in the form of COVID-19. The pandemic has taught us several newer aspects of life which we could not learn before this pandemic. The outbreak of this pandemic has made us more health and safety-conscious. The meaning of the proverb “Precautions are better than cure” is now really understood by us in its true sense. The people with foolhardy attitude have suffered a lot and this pandemic has taught them real lessons. They also started focusing more towards precautions than to cure. When a person falls ill, it costs a lot not only in monetary terms but also in terms of his mental well-being. Not only the person who has fallen ill suffers, his family, friends also have to suffer because of his illness. The same logic applies to an organization also. When an employee falls ill, the whole organization suffers. The ill health of an important employee and his absence from the organization that follows results in a great damage to the organization. Because of the absence of an employee, so many projects get pending and so many tasks and processes get disturbed.

In order to avoid such damages and disturbances, precautions are to be taken. For that, employee wellness program is a great panacea.

In this article, how Employee Wellness Programs can be executed, types of wellness programs and their benefits are discussed.

Employee Wellness Program: What Is It?

Employee Wellness Program is the program run by an employer in order to improve employee health and also to help an individual employee to overcome any specific health-related issue.

Under this Employee Wellness Programs, an employer can offer compulsory employee training, organize health seminars or can execute health program with the third party providing such wellness services or can offer any such programs for the benefit of employees’ health. An organization without physically and mentally fit employees is like a body without soul.

In some cases, Employee Wellness Programs can extend up to spouse and dependents of the employees.

Dimensions of Employee Wellness Programs:

The notion of wellness is generally associated with the physical well-being only. But, in reality, it is associated with the quality of life of the employees. It is not associated with only going to gym or exercise for weight loss, but in a holistic view, employee wellness can take several dimensions.

1. Physical Wellness:

Physical wellness actually includes smooth running of physical bodily functions. Physical wellness is the easiest dimension of employee wellness because it is the most common and the most familiar among the employees. Initiatives such as exercise, yoga, pranayama, pranik healing, nutrition, sleep, etc. fall under the dimension of physical wellness. Many organizations arrange such yoga sessions or sessions for physical exercises at regular interval.

2. Emotional Wellness:

Another dimension of employee wellness is emotional wellness. Emotional wellness is the ability to manage one’s own emotions at the same time taking care of the emotions of one’s counterparts. Emotional wellness includes being attentive to one’s own thoughts, feelings and behavior. Emotional wellness of the employees is very crucial for the organization to grow.

3. Financial Wellness:

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