{"id":412,"date":"2022-06-08T09:47:00","date_gmt":"2022-06-08T12:47:00","guid":{"rendered":"https:\/\/wellcastroi.com\/?p=412"},"modified":"2022-05-26T11:05:55","modified_gmt":"2022-05-26T14:05:55","slug":"quantifying-the-costs-of-physical-and-behavioral-conditions","status":"publish","type":"post","link":"https:\/\/wellcastroi.com\/en\/quantifying-the-costs-of-physical-and-behavioral-conditions\/","title":{"rendered":"Steps to Calculate ROI: Quantifying the costs of physical and behavioral conditions"},"content":{"rendered":"\n

Why are the costs of physical and behavioral conditions called indirect when they are quite direct? From now on, I’ll bring some insights to help you understand why this is a misconception.<\/p>\n\n\n\n

Have you ever had to deal with getting work done when some of your staff is missing, and you run the danger of not delivering work? Most likely yes. So, you think that lack of output is an indirect cost?<\/p>\n\n\n\n

Another example: if an employee who has been drinking causes an accident, is the cost indirect? Are the costs of hiring a new employee to replace someone who leaves the company because of stress or back pain indirect? Yet we call these costs indirect and medical costs direct. Give me a break!<\/p>\n\n\n\n

Also read: Common Doubts when Converting Wellbeing Benefits into Investments<\/a><\/p>\n\n\n\n

What do \u201ceconomic costs\u201d encompass?<\/h2>\n\n\n\n

Let\u00b4s re-define indirect costs. Instead of calling the costs associated with physical and behavioral conditions indirect, let\u00b4s call them economic costs<\/strong> (to differentiate them from medical costs or health plan premiums).<\/p>\n\n\n\n

Economic costs include:<\/p>\n\n\n\n