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What’s the value of improved productivity? Your
employees are not just a job description and a benefits package. They are your
most valuable assets.
The human resource is the one resource in business whose value actually increases
over time. Every year, employers spend millions to recruit, train and retain employees.
The business goal in all of this is to increase the productivity of the human resource
investment.
So why is it that business has not considered the need to invest in maintaining its
most valuable resources proactively? Disease requiring ongoing “maintenance” such
as heart disease, diabetes, cancer,
and respiratory
disease can lead to significant lost productivity for employers. |
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A conscientious business conducts regular preventative,
proactive maintenance of its physical resources. Likewise, the goal of disease
management and prevention programs is to help individuals to better “maintain” their
health, which in turn allows them to be more productive at work.
While the business benefit of improved productivity may seem obvious, it cannot be measured
with a one-size-fits-all algorithm. Rather, each company must determine for itself the
value of productivity by factoring in a multitude of variables unique to each business
environment.
- What does it cost to recruit, train and retain valued employees?
- What is the expense of an experienced worker who misses five days a month because
of diabetes complications?
- How much time and money is lost to preventable accidents in the workplace because
an
employee is distracted from his or her work by concerns about the health of a spouse
or child with asthma?
- How much does it cost your company in lost time and healthcare expenses to have even
a small percent of employees smoking?
- What percent of your long-term disability costs for chronic back pain could have
been
averted through early intervention?
- What would be the productivity impact of increased morale thanks to employees who
come
to work well rested and feeling good?
- How much is it worth to the bottom line of the business to foster a “culture of
health”?
These are just a few of the incalculable benefits of disease
management and prevention
programs. Sure, Cardium Health can demonstrate meaningful
results in clinical outcomes
and financial ROI. But it’s up to each individual business to determine the real
value of increased productivity.
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