The Stress Test Every Business Needs
by Jeffrey R. Greene
2020-07-16 04:13:42
The Stress Test Every Business Needs
by Jeffrey R. Greene
2020-07-16 04:13:42
Organizations face a growing employee health cost crisis that threatens to swallow profits and drain the vitality of their workforce--unless we adopt a radically different approach to workplace health and well-being. Companies spend an average of $12...
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Organizations face a growing employee health cost crisis that threatens to swallow profits and drain the vitality of their workforce--unless we adopt a radically different approach to workplace health and well-being. Companies spend an average of $12,000 per employee on health benefits, a sum estimated by the Cleveland Clinic to double by 2025. But the hidden costs of absenteeism, disengagement and turnover costs businesses an estimated $1.2 trillion a year. In "The Healthy Workplace Nudge," author Rex Miller explains the findings of research and interviews with more than 100 corporate leaders and experts over a two-year project. This first ever multi-disciplinary research initiative led to several dramatic surprises, which challenge conventional business assumptions about how to improve workplace health and well-being:
- 95% of traditional wellness programs fail to improve health or lower costs
- If leaders don’t work toward a culture of employee “well-being” (more happiness and less stress) wellness programs are futile
- Shifting group behavioral using behavior economics proves more effective than incentivizing individual behavior
- Healthy buildings and environments deliver your strongest ROI for improving health
- Healthy culture is ultimately the most effective and sustainable health strategy
- Tying health and wellness strategy to employee experience and culture is essential to effective implementation
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