Should companies care about the health and wellness of their employees?
Alere Wellbeing recently presented a webinar hosted by Dr. Ron Goetzel of Emory University and Thomson Reuters, discussing the cost of health and productivity-related expenditures that employers face, the role obesity plays in creating or exacerbating these conditions, and how employers can support obese and overweight employees.
Here are a few highlights:
U.S. Health Expenditure as a Percentage of GDP:
Projected annual growth for healthcare expense is 5.8% until 2020
*Keehan et al. Health Affairs. 30:8. August 2011
According to Ken Thorpe, while approximately 37% of the rise in annual healthcare expense can be attributed to innovation and advances in technology, 63% is attributed to increased disease prevalence. An estimated 27% of these costs are associated with obesity.
If you improve the health and well being of your employees:
Quality of life improves
Health care utilization is reduced
Disability is controlled
Productivity is enhanced through both attendance as well as presenteeism
In short, healthy people get more done. Without even factoring in reduced medical expense to the firm, employee morale, productivity, presenteeism, attendance and in turn, organizational effectiveness, all increase. It pays to care about the health of your employees.
Does your company invest in your health/well-being? If so, how?
Brene Brown studies human connection — our ability to empathize, belong, love. In a poignant, funny talk at TEDxHouston, she shares a deep insight from her research, one that sent her on a personal quest to know herself as well as to understand humanity.
Whether you are entering into a new job, a new role, or simply find yourself struggling to settle into your own skin in your present situation, this TED Talk can help you better lean into your vulnerability to emerge stronger.
Billed by Upworthy as “The Earth-Shatteringly Amazing Speech That’ll Change The Way You Think About Adulthood”, this 2006 Kenyon College commencement speech by David Foster Wallace provide a unique perspective for those now in or soon nearing a transition after graduation. Congratulations! Now, choose to think and acknowledge the water around you.
Supersized Labor: Detroit Sees Largest Fast-Food Strike in U.S. History
Today, workers are striking in Michigan once again, but the picket line isn’t in front of an automotive factory. Following surprise strikes in New York, Chicago and, earlier this week, St. Louis, fast-food workers across Detroit walked off the job today, demanding the right to form a union and a base-pay rate of $15 per hour.
Time to Scrap Performance Appraisals?
Something big is going on in business today. More and more companies have decided to radically change their performance appraisal process.
Follow the link for the whole story.
What do you think? Are performance appraisals a relic of the past or a necessary evil to track employee contributions?