Impact of Employee Health on Business Success
Dr. Bill Lloyd, MD FACS, Health Director, Advance Markets, Transamerica
September 30, 2021
A healthy, resilient workforce is often described as a company’s most valuable asset, yet many employers witness the deterioration of this asset while shouldering the aggregate economic burden of employee illnesses. Whether calculated in the form of absenteeism, excess employee turnover, workflow disruption, lost productivity, increased health insurance premiums, or the enduring impact of permanent disabilities — all are significant threats to profitability. This presentation explores how corporate status and employee health are inextricably bound and emphasizes proactive measures business owners can take to ease employee health expense challenges. Beyond reducing expenditures, we’ll discuss comprehensive wellness strategies to moderate total healthcare costs while significantly boosting productivity, employee satisfaction, and business profitability — regardless of the size of the workforce.