The Connection Magazine A.I.M. Mutual Fall 2016 | Page 25

WELLNESS IN WORKERS’ COMPENSATION IS WELLNESS WORKING? Palmer Foundry Says Yes! SINCE A.I.M. Mutual Insurance Companies launched its wellness initiative in 2013, a number of policyholders have built wellness into their workers’ compensation management programs. One such policyholder is Palmer Foundry in Palmer, Massachusetts, which is participating in A.I.M. Works: The Wellness Advantage. This program is designed to help employers establish, sustain, and expand wellness programs at the workplace. Here’s what Palmer Foundry has to report so far. Background Palmer Foundry had some experience with wellness prior to signing up for A.I.M. Works. But after hearing directly from 69 percent of its employees via the A.I.M. Works: Wellbeing Assessment, the Palmer Foundry Wellness Committee worked in conjunction with A.I.M. Mutual to identify three areas where wellness interventions were both needed and wanted. In addition, A.I.M. Mutual provided support to ensure that Palmer Foundry successfully qualified for the Massachusetts Wellness Tax Credit. Goals and Results At the outset, 44 percent of Palmer Foundry employees reported they were smokers, 27 percent higher than the state average. The company introduced tobacco cessation guidance and programming along with incentives which led to a 14 percent decrease in tobacco use among employees. Financial education and stress management were other areas of concern for employees. In 2015, 22 percent of the company’s respondents to the wellbeing assessment had low confidence in managing their finances, and nearly half felt they didn’t have enough FALL 2016 money to do what they wanted to do in life. Palmer Foundry began to offer on-site financial management budgeting classes during work hours, which are being well received. A follow-up assessment showed improvement in both areas. Finally, the company was looking to promote a culture of wellne