How can I use the Business HealthCheck tool to evaluate the financial benefits of a health/well-being programme?
After a robust evaluation has been carried out on the impact of the health/well-being programme, you can use the Business HealthCheck tool to evaluate the financial benefits of a health/well-being programme. You need to complete the ‘base data’ and ‘projections’ worksheets. On the ‘projections’ worksheet, you are required to enter the actual impact the health/well-being programme had on the different business metrics such as sickness absenteeism and labour turnover for your organisation. Then view the ‘summary’ and ‘business case’ reports. These include summaries of base costs and actual costs and benefits of the health/well-being programme for your organisation as well as financial/investment appraisal data such as net present value, internal rate of return and benefit to cost ratio to help you evaluate if the investment you made was financially beneficial. If you want to compare forecasts/estimates of the impact of the health/well-being programme that you made prior to commencement o
