New Report Examines Wellness Initiatives in CRE
- Nov 23, 2015
By Keith Loria, Contributing Editor
CoreNet Global has released “How Well Do You Know Wellness?” a new report on commercial real estate and wellness initiatives, which predicted wellness programs will be a corporate mandate for many organizations as the competition for talent continues to intensify.
“Armed with the knowledge of the impact of wellness on all aspects of the corporation, corporate real estate professionals are ideally suited to have a positive impact,” Craig Van Pelt, CoreNet Global’s director of knowledge community research and author of the report, said in a prepared statement. “Fostering an engaged workforce through encouragement and support will be an essential part of a holistic approach that creates a productive and fulfilled workforce.”
The report predicts that wellness programs will be manifested in both the built environment and the associated physical amenities, along with preventative health monitoring and treatment. Additionally, as corporate wellness initiatives take root globally, corporate real estate executives are in a unique position to demonstrate leadership and serve as a strategic resource for the organization.
“Fostering an engaged workforce through encouragement and support (both personally and professionally) will be an essential part of a holistic approach that creates a productive and fulfilled workforce,” the report said. “Corporate real estate leaders can use this opportunity to be proactive—instead of reactive—and deliver strategic value to their organizations.”
Wellness is tied to the workplace in corporate real estate through many initiatives including but not limited to air quality, cleaning materials, healthy food options, lighting, physical space design and dedicated physical activity spaces.
Real world examples cited in the report provide evidence that wellness programs positively impact the corporate bottom line. For example, Johnson & Johnson implemented a wellness program in the mid-1990s, and estimated that wellness programs saved the company $250 million on health care costs over a decade, with a return of $2.71 for every dollar spent between 2002 and 2008.
The report shows that effective wellness programs can also increase morale, reduce health care costs and increase productivity through decreasing both absenteeism and “presenteeism,” defined as what occurs when employees come to work but underperform due to illness or stress.
The World Economic Forum has identified the growing importance of health in the economy as one of the Top Ten Megatrends for 2015. And, The National Wellness Institute has recognized six dimensions of wellness: occupational, physical, social, intellectual, spiritual and emotional.
Photo courtesy of wellness.georgetown.edu