Impact of Employee Health on Business Success

A healthy, resilient workforce is often described as a business’s most valuable asset, yet, many employers witness the deterioration of this asset while shouldering the aggregate economic burden of employee illnesses. Whether calculated in the form of absenteeism, excess employee turnover, workflow disruption, lost productivity, increased health insurance premiums, and the enduring impact of permanent disabilities – all are significant threats to profitability. This presentation will explore how the status of corporate and employee health are inextricably bound with emphasis on proactive measures business owners can implement to remedy the enormous challenges employee health expenditures create. The rationale for establishment of workplace health programs is then discussed. Beyond reducing expenditures, the effective application of comprehensive wellness strategies generates dual rewards: moderation of total health care costs while significantly boosting productivity, employee satisfaction, and business profitability - regardless of the size of the workforce.

At the end of this presentation attendees should be able to:

• Identify two rewards businesses achieve by elevating workplace wellness
• Discuss the impact of multiple chronic health conditions on employees and employers
• Explain why lifestyle management initiatives can be hard to track financially
• Discuss the benefits and limitations of incentives in creating effective workplace wellness programs

Bill Lloyd, MD, FACS

Health Director, Transamerica Advanced Markets          

Registered Representative, FINRA Series 6 & 63

Doctor Bill Lloyd is a board certified surgeon and pathologist with expertise in anticancer companion diagnostics and precision medicine. He was appointed Transamerica Advanced Markets’ inaugural Health Director in 2018. He is an award-winning medical educator and prolific author. Doctor Lloyd has extensive experience in health communications, online content development, and medical broadcasting. At Transamerica he advances the Wealth+Health initiative through authoritative health and wellness content creation and inspirational delivery of live presentations to financial professionals and the lay public.

The statements and materials presented at WP&BC Phoenix Chapter events are solely the opinions of the speakers and do not represent the opinions or positions of WP&BC Phoenix Chapter. In addition, WP&BC Phoenix Chapter assumes no responsibility for the content or accuracy of the statements and materials presented by speakers at WP&BC Phoenix Chapter event

When:

Thursday, November 12, 2020

12:00pm to 1:00pm

Where:

Virtual