The Chamber of Young Lankan Entrepreneurs (COYLE) in collaboration with Japan External Trade Organization (JETRO) have launched ‘Sri Lanka Corporate Health & Productivity Awards’ which will be held on similar lines of the Health & Productivity Stock Selection program held in Japan by the Ministry of Economy, Trade and Industry and Tokyo Stock Exchange.
Companies categorised under Extra Large, Large, Medium and Small, based on number of employees will be selected for eligibility. Outstanding enterprises engaging in health and productivity management programs that focus on and strategically carry out efforts with regard to their employees’ health from a management perspective will be selected.
Chairman of COYLE, Dinuk Hettiarachchi said, “We are striving to embed health and well-being at the heart of corporate strategy because our people are our greatest asset, and we recognize that a healthy, happy and committed workforce is vital to our business success.”
The project seeks to promote the winners as an attractive investment option for investors who prioritise the improvement of corporate value from a long-term perspective.
COYLE with JETRO aim to raise public recognition of enterprises engaged in health and productivity management and to thereby further promote such management programs.
Prior to the selection, surveys and workshops will be conducted and assessed. Selection would be made based on five criteria provided by international standards such as ISO, PAS: the positioning of health and productivity management in management philosophy and policies, organised frameworks established for tackling health and productivity management issues, specific systems established for ensuring health-conscious management as well as measures introduced for implementing them, measures established for assessing and improving health and productivity management, and adherence to laws and regulations and risk management.
Corporate Health Programs are critical for maximising performance, particularly in volatile economic times.
It helps to improve engagement, retention, productivity and performance – the ripple effect of which contributes to a healthier and positive thinking workforce resulting in higher product quality and customer service.
The ongoing volatility of the world economy continues to place significant pressures on organisations to drive productivity and performance. For some organisations improvements are critical to staying in business and as such incorporating/continuing wellness programs are one such way you can stay in the game and maintain your competitive advantage.