What does the acronym PEPY stand for in workplace wellness?

The acronym PEPY stands for "Per Employee Per Year." This metric is commonly used in workplace wellness programs to calculate the average cost or investment made in employee wellness initiatives on an annual basis for each employee. By using PEPY, organizations can better understand the financial commitment they are making toward fostering a healthier workforce and can effectively compare their wellness expenditures with other companies or evaluate the program's impact over time. This approach allows for clearer budgeting and resource allocation within corporate health strategies.

In the context of workplace wellness, focusing on the cost per employee helps organizations analyze the return on investment (ROI) of their wellness programs and adjust strategies as needed to improve employee engagement and health outcomes.