Keeping An Eye On Health
Employee wellbeing is a critical success factor for
the modern organisation. Concepts such as human
capital development, health risk management, disease
management, and population health management come
together as coherent strategies when companies seek
to improve their competitive edge and profitability by
investing in their people.
The central business fundamental of achieving a return
on investment is more and more the way in which
these initiatives must be, and are measured. Employee
wellbeing has left behind its image of “nice to have”
and “the right thing to do” - it has moved from being a
welfare initiative to being a central business strategy,
from being seen as a cost centre to being viewed as an
investment.
OSA Group, through its Health OnLine Programme
has responded to this organisational health need by
delivering a broad range of innovative products that
focus on cost-effectiveness and measurable health
outcomes.
These outcomes provide the business case for
investment in employee wellbeing. Employee wellbeing
programmes have been shown to be effective in bringing
about healthy behaviour change and consequently
improved presenteeism, and reduced healthcare costs.
There are very few studies that examine multiple cost
benefit variables (i.e. absenteeism, presenteeism, health
costs, disability, and employee retention) and so it is
quite possible that current estimates of cost benefit are
understated. Recent Meta analyses suggest a cost benefit
ratio of 3.0-5.0 to 1.0 (that is, for each $1 invested a return
of $3 to $5).
OSA Health OnLine will assist your organisation in:
• Reducing absenteeism
• Increasing productivity through greater presenteeism
• Targeting specific at risk health behaviours
• Implementing prevention strategies to reduce future at
risk behaviour
Measure the health of your workforce today and track
its improvements over time.