We have 69 KPIs on Health and Wellness in our database. KPIs in Health and Wellness within the Human Resources framework are critical for measuring the effectiveness of workplace initiatives aimed at improving employee well-being. By tracking specific metrics such as absenteeism rates, employee engagement scores, or health care costs, employers can assess the impact of their health and wellness programs, identifying areas that need improvement and acknowledging successful strategies.
These indicators also help HR professionals to make data-driven decisions that can lead to increased productivity, reduced healthcare expenditures, and a more satisfied workforce. Ultimately, KPIs serve as a valuable tool in aligning health and wellness initiatives with the organization's overall strategic goals, fostering a supportive work environment that promotes the physical and mental health of employees.
KPI | Definition | Business Insights [?] | Measurement Approach | Standard Formula |
---|---|---|---|---|
Absenteeism Rate | The percentage of employees who are absent due to illness or injury. | Helps to identify trends in employee absenteeism, which could indicate workplace issues or employee dissatisfaction. | Number of workdays lost due to absence divided by the total number of available workdays. | (Total Number of Absent Days / Total Number of Available Workdays) * 100 |
Alcohol and Substance Abuse Recovery Rate | The success rate of recovery programs for employees dealing with alcohol and substance abuse. | Provides insights into the effectiveness of substance abuse support and recovery programs offered by the employer. | Number of employees who have successfully recovered from substance abuse divided by the total number of employees participating in recovery programs. | (Number of Employees Recovered / Number of Employees in Recovery Programs) * 100 |
Average Sick Days Per Employee | The average number of sick days taken per employee, indicating overall health levels. | Sheds light on overall employee health and potentially identifies the need for wellness initiatives. | Total number of sick days taken by employees divided by the total number of employees. | Total Number of Sick Days Taken / Total Number of Employees |
KPI Depot
$199/year
Drive performance excellence with instance access to 20,780 KPIs. CORE BENEFITS
| ||||
Back Injury Rate | The incidence rate of back injuries among employees, which can be influenced by workplace ergonomics and safety practices. | Indicates the effectiveness of workplace ergonomics and safety measures related to preventing back injuries. | Number of reported back injuries divided by the total number of employees, typically per 100 employees. | (Number of Back Injuries / Total Number of Employees) * 100 |
Behavioral Health Claim Rate | The frequency of behavioral health claims submitted to the employer-sponsored health insurance. | Reveals the prevalence of behavioral health issues within the organization and the possible need for enhanced mental health support. | Number of behavioral health claims filed divided by the total number of employees. | (Number of Behavioral Health Claims / Total Number of Employees) * 100 |
Biometric Screening Compliance Rate | The percentage of employees who participate in biometric screenings offered by the employer. | Assesses the level of employee engagement in preventative health practices. | Number of employees who completed biometric screenings divided by the number of employees required to do so. | (Number of Completed Biometric Screenings / Number of Required Biometric Screenings) * 100 |
KPIs for managing Health and Wellness can be categorized into various KPI types.
Physical Health KPIs measure the overall physical well-being of employees, including metrics related to fitness, medical conditions, and preventive care. These KPIs are essential for understanding how physical health impacts productivity and absenteeism. When selecting these KPIs, consider the diversity of your workforce and the specific health challenges they may face. Examples include the number of sick days taken, frequency of health screenings, and participation rates in fitness programs.
Mental Health KPIs focus on the psychological well-being of employees, capturing data on stress levels, mental health conditions, and the effectiveness of mental health programs. These KPIs are crucial for identifying areas where mental health support is needed and for evaluating the impact of mental health initiatives. Choose KPIs that can provide actionable insights and are sensitive to privacy concerns. Examples include employee stress surveys, utilization rates of mental health resources, and employee assistance program (EAP) engagement.
Engagement and Participation KPIs track employee involvement in health and wellness programs, indicating the level of interest and commitment to these initiatives. High engagement levels often correlate with better health outcomes and higher productivity. When selecting these KPIs, ensure they reflect both the quantity and quality of participation. Examples include attendance at wellness workshops, participation in health challenges, and completion rates of wellness assessments.
Financial Wellness KPIs measure the financial health of employees, including their ability to manage personal finances, save for the future, and reduce financial stress. Financial wellness is a critical component of overall well-being and can impact employee performance and retention. Select KPIs that provide a comprehensive view of financial health and are relevant to your workforce demographics. Examples include participation in financial education programs, employee debt levels, and retirement savings rates.
Work-Life Balance KPIs assess how well employees are managing the demands of their work and personal lives, which can significantly affect their overall well-being and job satisfaction. These KPIs help identify areas where work-life balance initiatives can be improved. Choose KPIs that reflect both objective measures and employee perceptions. Examples include average weekly working hours, employee satisfaction with work-life balance, and usage rates of flexible working arrangements.
Organizations typically rely on a mix of internal and external sources to gather data for Health and Wellness KPIs. Internal sources include employee surveys, HR records, and participation data from wellness programs. External sources can be industry benchmarks, health insurance claims data, and reports from wellness program vendors. According to a McKinsey report, companies that effectively use health and wellness data can reduce healthcare costs by up to 25%.
Analyzing this data involves both quantitative and qualitative methods. Quantitative analysis includes statistical techniques to identify trends, correlations, and outliers. For instance, regression analysis can help determine the impact of physical health programs on absenteeism rates. Qualitative analysis, such as focus groups and interviews, provides deeper insights into employee experiences and perceptions, which are critical for understanding the context behind the numbers.
Advanced analytics tools, including machine learning and predictive modeling, can further enhance the analysis of health and wellness data. These tools can predict future health trends and identify at-risk employee groups, allowing for proactive interventions. For example, predictive models can forecast the likelihood of chronic disease development based on current health metrics, enabling targeted wellness initiatives.
Data visualization tools are also essential for presenting health and wellness KPIs in a clear and actionable manner. Dashboards and interactive reports can help HR executives quickly grasp key insights and make informed decisions. According to Gartner, organizations that leverage data visualization tools are 30% more likely to identify actionable insights from their data.
Drive performance excellence with instance access to 20,780 KPIs.
CORE BENEFITS
The most important KPIs for measuring employee health and wellness include absenteeism rates, employee stress levels, participation in wellness programs, and healthcare costs. These KPIs provide a comprehensive view of the overall health and well-being of your workforce.
To measure the effectiveness of mental health programs, track KPIs such as employee stress survey results, utilization rates of mental health resources, and engagement with employee assistance programs (EAPs). These metrics will help you assess the impact of your mental health initiatives.
Internal data sources such as employee surveys, HR records, and wellness program participation data are invaluable. External sources like industry benchmarks, health insurance claims data, and vendor reports can provide additional context and comparison points.
Effective analysis involves using both quantitative and qualitative methods. Statistical techniques can identify trends and correlations, while qualitative methods like focus groups provide deeper insights. Advanced analytics tools and data visualization can further enhance your analysis.
Common challenges include data privacy concerns, inconsistent data collection methods, and lack of employee engagement in wellness programs. Addressing these issues requires clear communication, robust data governance, and targeted engagement strategies.
Review Health and Wellness KPIs on a quarterly basis to ensure timely identification of trends and issues. However, some KPIs, such as those related to acute health incidents, may require more frequent monitoring.
Yes, effective health and wellness programs, as measured by relevant KPIs, can significantly impact employee retention. Employees who feel supported in their health and wellness are more likely to stay with the organization.
External benchmarks provide a valuable point of comparison, helping organizations understand how their health and wellness initiatives stack up against industry standards. They can also highlight areas for improvement and best practices.
Drive performance excellence with instance access to 20,780 KPIs.
CORE BENEFITS
These best practice documents below are available for individual purchase from Flevy , the largest knowledge base of business frameworks, templates, and financial models available online.
KPI Depot (formerly the Flevy KPI Library) is a comprehensive, fully searchable database of over 18,000+ Key Performance Indicators. Each KPI is documented with 12 practical attributes that take you from definition to real-world application (definition, business insights, measurement approach, formula, trend analysis, diagnostics, tips, visualization ideas, risk warnings, tools & tech, integration points, and change impact).
KPI categories span every major corporate function and more than 100+ industries, giving executives, analysts, and consultants an instant, plug-and-play reference for building scorecards, dashboards, and data-driven strategies.
Our team is constantly expanding our KPI database.
Got a question? Email us at support@kpidepot.com.
Each KPI in our knowledge base includes 12 attributes.
The typical business insights we expect to gain through the tracking of this KPI
An outline of the approach or process followed to measure this KPI
The standard formula organizations use to calculate this KPI
Insights into how the KPI tends to evolve over time and what trends could indicate positive or negative performance shifts
Questions to ask to better understand your current position is for the KPI and how it can improve
Practical, actionable tips for improving the KPI, which might involve operational changes, strategic shifts, or tactical actions
Recommended charts or graphs that best represent the trends and patterns around the KPI for more effective reporting and decision-making
Potential risks or warnings signs that could indicate underlying issues that require immediate attention
Suggested tools, technologies, and software that can help in tracking and analyzing the KPI more effectively
How the KPI can be integrated with other business systems and processes for holistic strategic performance management
Explanation of how changes in the KPI can impact other KPIs and what kind of changes can be expected
What does unlimited web access mean?
Our complete KPI database is viewable online. Unlimited web access means you can browse as much of our online KPI database as you'd like, with no limitations or restrictions (e.g. certain number of views per month). You are only restricted on the quantity of CSV downloads (see question below).
Can I download a KPI group (e.g. Competitive Benchmarking KPIs)?
Yes. You can download a complete KPI group as a CSV file. Basic plan subscribers receive 5 downloads a month; Pro plan subscribers receive 20 downloads a month.
Can I can cancel at any time?
Yes. You can cancel your subscription at any time. After cancellation, your KPI Depot subscription will remain active until the end of the current billing period.
Do you offer a free trial?
We allow you to preview all of our KPI groups. If you are not a KPI Depot subscriber, you can only see the first 3 KPIs in each group.
What if I can't find a particular set of KPIs?
Please email us at support@kpidepot.com if you can't find what you need. Since our database is so vast, sometimes it may be difficult to find what you need. If we discover we don't have what you need, our research team will work on incorporating the missing KPIs. Turnaround time for these situations is typically 1 business week.
What payment methods do you accept?
We accept a comprehensive range of payment methods, including Visa, Mastercard, American Express, Apple Pay, Google Pay, and various region-specific options, all through Stripe's secure platform. Stripe is our payment processor and is also used by Amazon, Walmart, Target, Apple, and Samsung, reflecting its reliability and widespread trust in the industry.
Are multi-user corporate plans available?
Yes. Please contact us at support@kpidepot.com with your specific needs.