Abstract:
This white paper proposes a new paradigm for business success: becoming a 'healthcare business'. It argues that prioritizing employee health, safety, and well-being is not just beneficial but essential for overall business success.
Key points:
- The current business landscape is marked by low employee engagement, job satisfaction, and organizational commitment, leading to numerous people-related problems and unnecessary costs.
- A 'healthcare business' is characterized by organizational policies, practices, and working conditions that promote employee health and effectiveness through a system of actions and accountability across business functions.
- The paper outlines how various business functions (HR, Organizational Development, Risk Management, Legal Counsel, Real Estate and Facilities Management, Occupational Safety and Health, Operations, and Finance) can contribute to creating a 'healthcare business'.
- The author proposes a cross-functional management structure where these functions collaborate to address work-related barriers to business success, such as job vacancies, weak culture, decision mistakes, and accidents/injuries.
- The paper argues that this approach creates a win-win situation, benefiting both employees and employers by reducing unnecessary costs, improving productivity, and fostering a healthier work environment.
Dr. Cristina Banks concludes that by becoming a 'healthcare business', organizations can create healthy workplaces that promote employee health, safety, and well-being, leading to improved business outcomes and long-term success.
Publication date:
January 11, 2023
Publication type:
White Paper