The corporate wellness industry is predicted to be worth circa £5billion, with companies, on average, spending somewhere between £35 and £110 per employee, per year, on wellbeing offerings– Bloomberg & Gallup report.
However, RAND Corp. has found, through multiple studies, that these programmes are rarely good value for money for employers – even if employees are using them regularly, which they don’t appear to be.
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According to a Gallup survey, under a quarter (24%) of employees at a company that offer a wellness programme actually participate in one, whilst only 12% of employees believe that they have higher wellbeing because of their employer.
In fact, a RAND Corp. researcher said that employers will rarely see a return on investment for their wellbeing investments. In a statement to Bloomberg, they explained that huge-scale operations – incorporating gym, food, healthcare and assessments – will “never, ever” see a return.
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