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What’s the question for employers: “what does illness cost us” or “what does health buy us?”
Integrated Benefits Institute
The Problem: Human resources and benefits managers could make a stronger case for the value of health and wellness benefits by making senior leaders’ key business performance metrics – measures of what their organizations actually do, rather than simply the costs of doing it – a central outcome when reporting the results of their health-related initiatives. However, these professionals typically do not:
- Understand what business performance metrics resonate with senior leaders.
- Have a clear idea of what metrics to focus on and how to relate health data to business performance.
- Know who within their organization to consult for guidance.
The Solution:
- Make the business case for workforce health in terms of the impact on core business processes, not just on cost savings.
- Communicate with senior leaders and operations personnel to understand the metrics they use to evaluate how well different people or units with revenue-generating functions are performing. The earlier this is done when planning an initiative or evaluation, the better.
- Learn how leaders generally connect human capital to business results when the process is not straightforward.
- Determine whether to link health to individuals or to business unit performance and plan your program evaluations accordingly.
- Incorporate critical business metrics into reporting on an ongoing basis.
Mar 1, 2013
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Author
- Admin
- Brian Gifford
- Brian Gifford Ph.D. Director, Research and Analytics, IBI
- Candace Nelson
- Carole Bonner
- Carolyn Ho
- Carolyn Ho, IBI Communications Lead
- Erin Peterson
- Erin Peterson, Researcher
- Gia Harris
- IBI
- IBI Member
- IBI Research Team
- Integrated Benefits Institute
- Jennifer Santisi
- Kelly McDevitt, IBI President
- Marshall Riddle
- Nicole Nicksic, PhD, MPH Research Lead
- Sera-Leigh Ghouralal
- Thomas Parry, PhD Senior Advisor, Integrated Benefits Institute
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