How many of you reading own a car? I'm guessing most of you do or will at some point in your life. So then you know the rules for automative insurance, right? To become an insured individual you must past a mandated drive and written test, and if you keep a clean record your insurance cost stays low. Well healthcare insurance works in a similar way. At a corporate level an unhealthy employee is more likely to be lethargic and unmotivated, ultimately costing the company more in healthcare than a healthy employee. According to Paul Roshch, MD, president of the American Institue of Stress, job stress is estimated to cost the U.S. industry more than $300 billion a year. That is enough to purchase a BMW X3 2016 model, 7,702 times.
Similar to the way you keep your car healthy by routine check ups and proper maintenance, you keep your body healthy by eating right and exercising regularly. What is astonishing is that according to Corporate Health Partners, 75 percent of health care costs and diseases are preventable.
Why should this matter to you? As a soon to be graduate you will be entering the 121.4 million workers in the United States. According to a survey done by Forbes recently, when workers were asked if they were stressed 83 percent said yes while only 17 percent said no. This issue is overwhelmingly epidemic and this percentage is not slowing down anytime soon researchers project.
This is especially key for employers to understand: a healthy employee drives profits. According to the Wall Street Journal, 70 percent of U.S. employees are disengaged. By increasing employee engagement investments by just 10 percent they can increase profits by $2,400 per employee, per year.
Employers are rapidly catching onto the positive ROI of investing in their employee engagement efforts. As a future member of the workforce you can expect to be facing the issue of stress in the workplace but hopefully it is something we can conquer by leading healthier, more productive lives.