8 Tips to Gain CFO’s Wellness Program Buy-In

1. Make CFO a partner-Invite your CFO to participate in health care benefits decisions.
2. Tie benefits, bottom line-Clarify the relationship between benefits and the organization’s financial well-being.
3. Quantify the link-The direct costs of poor employee health can be persuasive when making the financial case for improving employee health.
4. Measure everything-Collect every possible kind of numerical evidence. Compile claims costs. Conduct employee surveys.
5. Go beyond the obvious-While It’s important to tally costs of paying an absent employee or overtime or temps it’s equally important to understand the opportunity costs of each lost day of work.
6. Package the numbers-Make your stats and other information readily available to the CFO.
7. Get to know your CFO-If you can put your goals for the wellness initiative into a context that resonates with the executive’s own views, you’re more likely to get the money you need.
8. Learn CFO-speak-Likewise, if you present your case using the same accurate financial terms your CFO relies on for precision and clarity, he or she will find you and your data more credible.

Source: Business Management Daily
Source URL: http://www.businessmanagementdaily.com/30426/8-tips-to-gain-...

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