Corporate health and wellness solutions are gaining momentum. As Deloitte states, well-being has become at the heart of the employee experience for social enterprises this year, and the number of initiatives aimed at improving corporate well-being is about to grow too.
However, companies are still cautious about investing in new corporate wellness programs. As interest in wellness strengthens, organizations are considering digital tools to maintain this parameter in an expansive way.
But they don’t want to dedicate too much attention to it and sacrifice effectiveness and productivity for corporate happiness.
However, this preoccupation is not accurate. On the contrary, McKinsey shows that the wide application of corporate wellness solutions can save the global economy up to $1 trillion per year in lost productivity due to mental health conditions.
As employees are the most valuable asset, companies should do everything possible to help them stay healthy and productive. That’s where corporate wellness software becomes useful.
It can help companies improve employee health, reduce costly healthcare expenses, and boost productivity. In this article, you’ll learn how it works, why it’s so important, and what features to look for when choosing the right wellness software for your company.
What is Corporate Wellness Software?
Software for corporate well-being is part of a new generation of the corporate wellness program, providing employers with advanced tools that can help make keep up with one’s health goals.
With the help of Internet of Things (IoT) devices, corporate wellness solutions let businesses track the health condition of workers and take timely action on possible problems.
Corporate health and wellness solutions are gaining momentum. As Deloitte states, well-being has become at the heart of the employee experience for social enterprises this year, and the number of initiatives aimed at improving corporate well-being is about to grow too.
However, companies are still cautious about investing in new corporate wellness programs. As interest in wellness strengthens, organizations are considering digital tools to maintain this parameter in an expansive way.
But they don’t want to dedicate too much attention to it and sacrifice effectiveness and productivity for corporate happiness.
However, this preoccupation is not accurate. On the contrary, McKinsey shows that the wide application of corporate wellness solutions can save the global economy up to $1 trillion per year in lost productivity due to mental health conditions.
As employees are the most valuable asset, companies should do everything possible to help them stay healthy and productive. That’s where corporate wellness software becomes useful.
It can help companies improve employee health, reduce costly healthcare expenses, and boost productivity. In this article, you’ll learn how it works, why it’s so important, and what features to look for when choosing the right wellness software for your company.
What is Corporate Wellness Software?
Software for corporate well-being is part of a new generation of the corporate wellness program, providing employers with advanced tools that can help make keep up with one’s health goals.
With the help of Internet of Things (IoT) devices, corporate wellness solutions let businesses track the health condition of workers and take timely action on possible problems.
For companies, wellness software is a specific tool that automatically uploads data collected by fitness trackers into customized dashboards for employers and employees alike to view.
Therefore, the technology facilitates the task of acting upon the data, without forcing anyone to log their progress manually to track information in spreadsheets or handwritten journals.
Why Does It Matter?
For business owners:
The software for corporate wellness is beneficial to various businesses, including SMBs, large companies, and mid-sized enterprises as it saves time and effort to keep an eye on the well-being of the employees.
The technology provides visibility to the factors that could be negatively impacting workplace health, helping managers build a healthier and happier working environment in their companies.
In addition, corporate wellness software often allows employers to see how successful their company’s wellness program is; without detailed statistics, it’s harder to tell if programs are working or not.
For workers:
Corporate wellness software that has a goal-tracking component allows employees to track their progress, see how close they are to achieving it, and keep them motivated.
In addition to better self-control, the tool lets employees connect with other open-minded individuals and achieve common goals, like losing weight, improving cardiovascular health, or becoming more concentrated and motivated to work. This way, corporate wellness solutions contribute to personal well-being, too.
3 Main Benefits of Corporate Wellness Software
- Better engagement of employees. The software for corporate wellness is the tool to help your workers take better care of themselves. Effective workplace wellness programs combine measurement, feedback, coaching, and incentives to help employees adopt healthy behaviors that lead to improvements in their overall well-being.
- Fewer healthcare costs for your organizations. By providing an ability to timely detect and address well-being problems at the workplace, a corporate wellness solution reduces the number of severe health-related disorders. As a result, your company spends less on insurance programs or urgent handling of issues.
- More accurate wellness programs. The software is valuable as it empowers employers to offer the best-suited options in healthy lifestyle packages for workers. The advantage lets you save money and don’t overspend on useless offerings. For example, it can justify it’s unreasonable to pay more than $100/month per employee for gym memberships, as workers may have little motivation to go more often anyway.
Core Features of Corporate Wellness Software
The goal of integrating employee health management into your benefits strategy is threefold: helping employees make healthier choices, decreasing healthcare spending as a whole, and managing chronic conditions through early detection and intervention. That’s why the basic functionality of corporate wellness software should let you achieve these aims.
Must-Have Features of Corporate Wellness Software
- Dashboard. The solution should serve your company as an all-in-one well-being hub, offering customizable options that make it easy to track and achieve personal and corporate goals. Thus, an understandable and easy-to-use interface is a must-have.
- Wellness content integration. Corporate wellness software should have access to health-related data collected from all the sources available in your organization. The more accurate data the platform collects and processes, the better insights into employees’ well-being you can get.
- Personal profile. Each employee should have a place to see personal progress and analyze key metrics for self-evaluation. The employer should also be able to aggregate the actionable data among this personalized information set to improve health programs.
- Integration with a healthcare institution. Employees should have instant access to healthcare providers to schedule health-check procedures and visit a doctor in case of health-related problems. With corporate wellness software, communication on these issues between employers and employees will become more accurate and effective.
- Communication tools. Health and wellness solutions should let people communicate on a platform, be that messages, emails, or newsletters.
- Analytics and reports. The dashboard should be intuitive to show qualitative and quantitative data on employees’ well-being and present the insights as reports.
