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Generous Health Perks Benefit Employees, and Employer
By
Jennifer Stacy
Story Created:
Jun 10, 2009 at 5:23 PM EDT
Story Updated:
Jun 12, 2009 at 10:27 AM EDT
(Naples) A troubled economy has many employers cutting back when it comes to health care. A recent national survey by the benefits consulting firm Hewitt Associates shows nearly two-thirds of employers are transferring more health care costs to their employees.
But one Naples company is doing just the opposite, and is finding their example is paying off.
Arthrex, which designs and manufactures medical devices, employs more than 700 people. In an effort to improve their health and well being, the company offers a variety of perks.
One of the biggest benefits are free healthy lunches offered every day. Employees can choose options from an extensive salad bar, a variety of soups, or low-fat entrees.
"When we try and keep our employees happy and allow them to feel healthy and secure, its not only going to boost their moral and sense of well being, but it's going to give them the opportunity to be more creative and do a better job." Explains Kathy Sparrow, HR Director of Arthrex.
Arthrex employees also get free gym memberships to the NCH Wellness Center or the facility of their choice. They are encouraged to take part in walking programs and community events, like those sponsored by the American Heart Association. Employees also enjoy 100% health care coverage.
"During these times when the economy is really tough and employees and their spouses are losing jobs, we believe more than ever that it's our time to help take care of our employees and try and do the best we can to not cut some of those critical benefits." Explains Sparrow.
While perks are expensive, so is poor health. According to the American Heart Association, Health problems cost corporate America $225.8 billion annually. An unhealthy employee can cost up to $2,500 in additional medical expenditures and absenteeism each year.
Arthrex says their health initiatives have led to lower insurance premium increases, less than 2% turnover in staff, and increased productivity.
"We do see the benefits, but it's a long range thing," Explains Sparrow. "I think the important thing to keep in mind is that when you look at a wellness benefit or program it is a lot of small changes that can add up and make a big difference over time."
Such generous health benefits may be harder for smaller companies to grant, however, there are some free options.
One---a walking and diet program-- is offered by the American Heart Association.
For more information click here:
http://www.mystartonline.org/
or call 239-498-9288.