Personal Finance
How Workplace Wellness Programs Save Employers Money
By ValueChampion  •  April 7, 2021
You've probably heard of a friend or co-worker talk about the different wellness programs they have in their office. We tend to have two schools of thought: We can't stop talking about Yoga Fridays A nice perk, but not a strategic priority Businesses in Singapore have adopted employee wellness programs as early as the 1990s. Do these programs save employers money? Growing Health Care Costs Although not required by law, it is standard practice in Singapore to provide basic health insurance. Although Singapore's health care system is exemplary and efficient, the cost to provide healthcare is one of the highest in South-East Asia and has one of the fastest aging populations in the world. Ultimately, this sharp rise makes health care a growing cost of doing business, where the inflation rate for healthcare grows 10% every year. Unfortunately, chronic diseases, stroke and heart diseases...
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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