Study Overview
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.
Study Results
The modern workplace struggles with low engagement, job satisfaction, and commitment, leading to costly people-related issues. This paper introduces the 'healthcare business' model, where organizations embed health, safety, and well-being into their policies and practices across functions like HR, Risk Management, Facilities, and Finance. A cross-functional management structure is proposed to tackle barriers such as job vacancies, weak culture, and workplace injuries, creating a win-win for employees and employers by reducing costs, boosting productivity, and fostering well-being. Dr. Cristina Banks concludes that prioritizing employee health leads to stronger business performance and long-term success.
Populations: US businesses and their employees
Working Paper: Banks, Cristina.2023. Blueprint for Building Business Success by Becoming a 'Healthcare Business'