Wellness Benefits
The Lincoln Industries Wellness Program was never implemented in order to receive a business return on investment. It arose simply because our leadership firmly believes in the value of physical fitness towards overall employee wellbeing. However, the program has resulted in a number of benefits including lower turnover, lower absenteeism, higher quality, and lower healthcare costs. In addition, employees have reported they are better able to care for themselves and their families and significant cost savings.
Some of the other benefits of the Lincoln Industries Wellness Program:
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Since 2000, tobacco use has gone from 77% to 23%.
Chart: Lincoln Industries Tobacco Usage
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In 2003, workers compensation costs were over $500,000. In 2006, these costs were less than $50,000.
Chart: Worker’s Compensation, Incurred Medical/Indemnity
Chart: Worker’s Compensation, Experience Modification Rate
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The industry average of health care costs per person is almost $10,000. For Lincoln Industries, it is just over $3,500 per person.
Chart: Average Health Care Cost in United States
Other benefits:
- There are over 60 people who are certified in first aid with CPR certifications. That number continues to climb.
- In 2006, there was an increase of over 25% of people who received flu shots.
- Over 35% of our people increased their flexibility by over one inch from 2005 to 2006
All of these improvements reduce absenteeism because of healthier people and increased manufacturing uptime.