The economics of exercise

Title
The economics of exercise

Research Area
Health; Economy   

Author
PJM Economics Ltd, UK

Summary of Findings
This study, by PJM Economics, draws on a number of previously published research articles and other sources of data. The researchers found that improved health could improve productivity/quality of work, reduced time off due to sickness and increased business profitability. Overall there is agreement that the investment made by companies would provide measurable improved outputs along with wider benefits such as "strengthening of a culture of care, attraction and retention of talent, avoidance of associated recruitment costs and the perception of an increased market value of a business as a result". They estimate that "the benefits to UK employers associated with allowing employees one hour per week during work hours to exercise is £6.568 billion per year" and a "potential benefit of £5.465 billion for UK employers per year associated with exercise-related mental health benefits and a subsequent reduction in productivity losses". This is caveated with concerns that much of previous research used qualitative data which is based on self reporting which could lead to misleading results. Additionally there is little research on the long term impacts of these interventions or their effect on those already active. The report recommends that future studies are needed and could look at more quantitative measures to strengthen the existing findings.

Implications
The activity levels of an organisation's workforce can impact on their productivity and can even positively impact on profitability. This is an important argument to develop, particularly post-Covid as people have started to develop new relationships with exercise that a typical working day could look to accommodate.