Does physical health translate into long-term financial health?
Workers are significantly more likely to rate themselves as physically healthy (53%) than financially healthy (31%), according to The Principal Financial Well-Being Index, which surveys employees at growing businesses with 10 to 1,000 workers.
But that’s not to say they wouldn’t like to see it otherwise – 84% of workers view physical health as an investment in their financial future. Living healthy means living longer though, which comes with its own financial demands.
Which is why their employers should help where they can, suggests The Conference Board of Canada. Its latest report, Making the Business Case for Investments in Workplace Health and Wellness, provides organizations of all sizes with advice and tools to measure the return from health and wellness programs.
Investments in fitness, smoking cessation or weight loss programs can lead to higher productivity, as well as reduce benefit costs, absenteeism, and presenteeism (circumstances in which an employee is physically at work but not fully productive), the report suggests.