RT Podcast 215So I'm a little bit behind and I'm listening to the wellness thing FitRTX that RT is doing. I think that this is awesome, I'd love to see the actuarial justification for the payback to the employees vs. the risk assessment for their insurance premiums. For the uninitiated, how much weight would the pool have to lose to reduce or maintain current insurance premiums, and will the payout to the employees benefit the company financially, or will it cost more to implement than the return?
It's a pipedream, I'm sure, but I'm going to tag @gus and @matt or @Kara to see if someone sees this.
The reason I'm curious is that I work in the industry (I don't sell insurance so don't worry, this isn't a sales pitch) and I'm always curious as to what other companies do in regard to employee engagement when it comes to wellness. There are so many schools of thought on this topic, and seeing where there are successes and failures helps me. Now, it is different being RT is a small company, and I'm dealing with over 100k employees; but small employers have their own challenges.
Some of the things I'd like to know are:
1) For a company of your size and young demographic, how much does the annual increase in premiums factor into your decision to drop a front end investment in wellness (financial incentives)
2) Do you know what the projected cost/benefit is, or put differently, for every dollar you invest in the front end, do you expect to make it back in lowering claims costs and premium rates?
3) Do you think that it is easier/harder to pull off a program like this because of your demographics?
I'm just curious; I've been on conference calls with a bunch of different employers and have heard what their justification is and what they're doing; but none of then are young companies like this.
Speaking of the PodcastSo...this last week's podcast was sponsored by GoDaddy.com. Is it just me, or a few months ago, didn't they talk crap on GoDaddy, and how there were better sites to use to register a domain. I could be talking out of my butt...but I distinctly remember something of the sort.
In the futureSomeday you may work in an office. Someday you may take a phonecall. Someday, during this phonecall you may get excited and start speaking really loud. Someday, this loud conversation may last for 20 minutes.
If this happens, do not be surprised when your co-worker hits you in the face with your own keyboard.
So when you breathe your 'ribs' don't move in and out. It is the diaphragm. I had to tell someone because it was annoying me that Jack was saying 'yes, that's how it works.' Your ribs DON'T move like that.