Word: nonprofitability
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...payoff for employers? Virgin HealthMiles CEO Chris Boyce says he has seen his company's programs, at about $2.50 a month per employee, cut health-care claims to as much as one-sixth their cost. On average, according to a nonprofit research group called the Wellness Councils of America, for every dollar that a company spends on helping employees get healthier, it can expect to save $3 in health-care expenses. On top of that, an article in last month's Journal of Occupational and Environmental Medicine says every dollar in medical and pharmacy expenses that companies pay is dwarfed...
...least, that's one finding of a new study by human-resources consultant Watson Wyatt and a nonprofit outfit called the National Business Group on Health (NBGH). Bent on slashing costs left and right these days, a growing number of big companies are nonetheless investing serious money in bribing, er, encouraging employees to get healthier. Nearly 6 in 10 (58%) now offer wellness programs, up from fewer than half (43%) in 2007. And the percentage of companies paying people to ditch bad habits (especially eating junk food and not exercising enough) has gone from 53% in 2008 to 61% this...
...many ways, has been good for his art. Moving off-Broadway - which he did with Sunday in the Park with George, his groundbreaking work on painter Georges Seurat - proved something of a relief to Sondheim. "I remember being very exhilarated," he says. "I found it liberating. It was nonprofit, so I could indulge myself. We were less worried about the commercial aspects of the piece...
...option University of Pennsylvania Law School graduate Susan Wilker took when her job at Boston law firm Ropes and Gray deferred until at least January. Wilker will have her health benefits paid and receive $60,000 for working at Massachusetts Appleseed Center for Law and Justice, a nonprofit that focuses on education discipline and juvenile justice. "Because I know I can go back to Ropes in 2010, I am really excited to do something entirely different," Wilker says. And as one of only three staffers at the nonprofit, she adds, "I know I can make an impact...
...such clientele, such as the Legal Aid Society, now have their pick of top law school graduates - most of whom will arrive with a paid salary and health benefits attached. But the public-interest groups still have to finance the infrastructure required for an extra person on staff. Many nonprofits have seen their own revenues fall in recent months and undertaken layoffs themselves. Just finding the money for another computer can be hard, says Esther Lardent, president of the Washington-based nonprofit Pro Bono Institute, never mind the cost of training and supervising of a brand-new lawyer. "Morale...