Adoption of corporate wellness programme can save India Inc income up to USD 20 billion by 2018 through a reduction in absenteeism rate by 1 per cent, the survey conducted across sectors such as FMCG, media, IT/ITeS and real estate, among others, said.
About 52 per cent of corporate employees revealed that their company does not run any wellness program for them, while 62 per cent of the remaining said the present wellness programme run by their organisation needs improvement, the survey report said.
"On an average for every rupee being spent on employee wellness programme, employers get Rs 132.33 as a saving on absenteeism cost and Rs 6.62 back as reduced health care costs," the report said.
It further said while 83 per cent of sample population were willing to contribute part of their salary in company sponsored wellness programme, 17 per cent do not intend to participate.
The paper noted that among IT/ITeS employees, 93 per cent feel that company sponsored wellness programme act as motivating factor.
However, the chamber noticed that despite availability of preventive health care benefits through medical plans, most of the respondents do not take advantage for getting routine health care examination as some are not aware about benefits that exist and some hesitate to ask.
In its earlier survey, Assocham said a workplace wellness programme increases employees loyalty, improves work performance, boosts productivity and reduces attrition rate.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
