Study Links Workplace Health to Productivity
A new study on Canadian workplaces reveals key factors for workplace health and happiness that can increase employee productivity and business growth. The report suggests that to address productivity stagnation, employers must actively support healthy workplace design, services, and culture. The findings aim to provide a roadmap for companies looking to improve both employee well-being and financial performance.
- The focus on productivity comes as Canadian business productivity fell by 0.6% over the five years leading into 2024, a stark contrast to the 10.1% increase seen in the United States over the same period. - Nearly 39% of Canadian employees report feeling burnt out, a situation that can cost a company of 500 employees over $3.4 million annually in lost productivity and salary costs. - For every dollar invested in wellness programs, companies can expect an average return of $3.27 in reduced medical costs and $2.73 in savings from reduced absenteeism, according to a meta-analysis by Harvard researchers. - Studies tracking the stock performance of publicly traded companies with award-winning wellness programs found they consistently outperform the S&P 500 index, suggesting a strong correlation between employee health and shareholder value. - Artificial intelligence is
