What are the costs associated with employee wellbeing programs?

What are the costs associated with employee wellbeing programs?

The costs can vary widely depending on the type of program, but they typically include expenses for resources, training, and ongoing support.

Can you give me examples of specific programs and their costs?

Sure! For instance, mental health support programs can range from $5,000 to $50,000 annually, while fitness initiatives might cost around $10,000 to $30,000.

Are there any hidden costs I should be aware of?

Yes, hidden costs can include employee time away from work, potential program inefficiencies, and the need for ongoing evaluation and adjustments.

How do these costs compare to the benefits of such programs?

While the upfront costs can be significant, studies show that effective wellbeing programs can lead to increased productivity and reduced turnover, often outweighing the initial investment.