Happiness Matters, LLC industry sector is employee health, wellness and enrichment. We offer holistic health, wellness and enrichment workshops and seminars to corporations and businesses to improve the overall mind, body and spirit health and wellness of their employees which improve the overall company culture.
Health and wellness promotion by businesses is a trend that is continuing to grow. Employee wellness is over a $6 billion dollar industry each year. Employers are trying to find ways to cut down on medical costs and absenteeism along with increasing productivity.
“Researchers from Harvard University found that medical costs fall by about $3.27 for every dollar spent on wellness programs and that absenteeism costs fall by about $2.73 for every dollar spent” (Wellsource, 2011, p.1).
“Moreover, employers on average are spending nearly 2 percent of their total health care claim dollars annually on wellness programs. The 2 percent figure was calculated by dividing the amount of money an employer spends on health improvement programs per employee annually by the total amount of money it spends for claims for doctors’ office visits, medications and hospital stays per employee annually. The figure excludes costs associated with employee incentives, on-site health centers and HR staff dedicated to wellness programs” (Miller, 2010).
“The latest survey on wellness programs from Fidelity Investments and the National Business Group on Health (NBGH) reveals employers will spend an average of $693 per employee on wellness-based incentives in 2015, up from $594 in 2014 and $430 five years ago” (BusinessWire, 2015).
“Corporate employers plan to spend an average of $594 per employee on wellness-based incentives within their health care programs this year, according to a new employer survey1 conducted by Fidelity Investments® and the National Business Group on Health (NBGH). This marks an increase of 15 percent from the average of $521 reported for 2013, and is more than double the average of $260 reported five years ago” (Fidelity, 2014).
There are many corporations that offer employer/employee wellness programs. Many of these programs are weight loss, exercise, smoking cessation and health screenings along with wellness workshops on stress reduction. Companies provide online programs and in person programs. These are all great programs, however, there is a root cause of general unhappiness that isn’t being addressed along with creating a better employee and workplace culture overall.
Many corporations are in great need of overall improvement of employee happiness and improved workplace culture. Workplace culture is the personality and character of the business and its workplace environment. It is the total of the values and beliefs of the company and those who work there managing the business in alignment with those values and beliefs. Poor workplace culture could be a result of many factors such as poor management, short staffed, high work loads and general unhappiness of all who work there from other areas of their lives.
“7 out of 10 employees are not working to their full potential and are disengaged. This cost the US businesses $450-$550 billion each year in productivity. 86% of the new hire failures (46%) are due to unhappiness with company culture. 80% of employees who are dissatisfied with their direct manager are disengaged at their jobs” (Good.co, 2013).
“Engaged employees are 20% more productive and companies with those engaged employees outperform other companies by 202%. Happy employees have 31% Higher Productivity, 37% Higher Sales and are 3 times more creative than their unhappy counterparts. Happiness leads to innovation. Companies with higher engaged, happy employees have 50% fewer accidents and 41% less quality defects along with far less health care costs”(Good.co, 2013).
Happiness Matters, LLC’s focus is increasing employee happiness and wellness through the holistic viewpoint of mind, body and spirit. Happiness Matters, LLC has a unique set of employee workshops and seminars to teach employees how to live happier lives by changing their thoughts, words, behaviors, communication skills and habits along with challenging them to grow outside their own limits to become limitless and self-accepting leading to greater happiness at work and throughout their lives. Greater self-acceptance leads to greater acceptance of others and situations.
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Businesswire (2015) Companies Are Spending More on Corporate Wellness Programs but Employees Are Leaving Millions on the Table,
Retrieved from: http://www.businesswire.com/news/home/20150326005585/en/Companies-Spending-Corporate-Wellness-Programs-Employees-Leaving#.VUrGZpF0zIU
Fidelity (February 2014) Health Care Survey Finds Spending on Corporate Wellness Incentives to Increase 15 Percent in 2014,
Retrieved from: http://www.fidelity.com/inside-fidelity/employer-services/health-care-survey-finds-spending
Good.co (Nov.13, 2013) Workplace Happiness: The High Cost of Unhappy Employees
Retrieved from: http://www.good.co/blog/2013/11/13/workplace-happiness/
Wellsource (2011) How Much Does a Good Wellness Program Cost?
Retrieved from: www.wellsource.com/site/…/16/…/9c6cca390aa04a5ce31f40247cc5b864
Miller, S. (2/1/2010) U.S. Employers Spend Nearly 2% of Health Budget on Wellness
Retrieved from: http://www.shrm.org/hrdisciplines/benefits/articles/pages/wellnessbudgets.aspx#sthash.GLdW6hG6.dpuf