Trident University Impact Of Wellness Programs Research Paper

TOTAL REWARDS IN PRACTICENameAffiliationCourse Code: Course NameProfessorDue DateIntroductionIn this project, we have analyzed the possible impact of wellness programs like; changing employees health behaviors, reducing the number of smokers, and reducing the number of obese employees at the projected healthcare costs related to General Healthcare, Absenteeism & Presenteeism. Below is an individual analysis of each of the healthcare costs separately.Healthcare Costs:As per Appendix-1, we have estimated the Healthcare cost for the current year 2019 as $1,000,000 for the total number of 250 employees. The cost is supposed to be increased by 5% per annum. Out of total employees, 40% are estimated as obese, and 20% are estimated as smokers. Remember, both these factors (obesity & smoking) have significant adverse effects on employee's health, which in turn affect the productivity level, i.e., loss of productivity and increase the healthcare costs. Now, we will calculate the impact of Wellness Programs on the General Healthcare cost by implementing a health wellness program for changing the general health behavior of employees and setting a target for the reduction of obese and smoker employees at 20% and