The corporate wellness market could grow from around $57.4 billion to $100 billion, according to Precedence Research.
For one, such programs look to help improve employees’ mental, financial, and physical health. Did you know that around 12 billion workdays could be lost annually between 2016 and 2030 due to mental health issues? Or that it could cost the global economy about $900 billion?
Even a report from the Harvard Business School claims that medical expenses for American-based companies fell by nearly $3.27 for every dollar spent on wellness programs. Employee absenteeism also declined by approximately $2.73. In addition, The RAND Corporation further claims that more than approximately 80% of U.S. companies with more than 50 employees appear to offer some sort of wellness program.