Forty-Eight Percent of HR Chiefs Say Wellness Programs Are Ineffective, According to Consero Report

BETHESDA, Md- (Dec. 2, 2014) – Chief HR Officers have questioned the efficacy of corporate wellness programs in a new report by Consero Group, an international leader in creating high-level, invitation-only events for senior executives. Forty-eight percent of surveyed executives said they do not believe their corporate wellness programs are effective, according to the 2014 Chief HR Officer Report, compiled by Consero Group.

In addition, more than half (56%) of surveyed Chief HR Officers indicated that their wellness programs have not reduced costs significantly at their companies.

“One of the most significant challenges for today’s Chief HR Officer is corporate health care, which can be a costly pursuit with results that are difficult to justify,” said Paul Mandell, Founder & CEO of Consero. “The results of our new report suggest that companies should be taking a critical look at how they invest in wellness programs, as well as exploring new ways to optimize those efforts.”

Additional Findings Included:

  • Majority Do Not Have Sufficient Talent or Resources: Fifty-five percent of surveyed executives said they do not have enough resources to manage the HR function effectively, while the same number (55%) also said their department does not have the talent it needs to achieve its goals.
  • Most Have Identified Successor: A majority (56%) of Chief HR Officers say they have identified a successor for their role.
  • Senior Management Highly Supportive: An overwhelming majority (83%) of survey participants believe their senior management supports their HR agenda.

The 2014 Chief HR Officer Report was conducted in conjunction with an invitation-only event hosted by Consero Group in September 2014 for Chief Human Resources Officers from Fortune 1000 companies. A total of 42 responses were provided.

About Consero

Founded in 2010, Consero Group is an international leader in creating industry-specific events for senior-level executives in industries that include: Legal, Compliance, Shared Services, Customer Experience, Finance, IT, HR, Procurement, among others. With operations in the U.S. and in Europe, Consero is best known for transforming the executive experience through intimate, invitation-only programs in a sophisticated learning environment with high-level content. For more information on Consero, please visit www.consero.com.