COYLE-JETRO to organise first-ever ‘Sri Lanka Corporate Health & Productivity Awards’
The Chamber of Young Lankan Entrepreneurs (COYLE), in collaboration with the Japan External Trade Organisation (JETRO), announced its plans to organise the very first ‘Sri Lanka Corporate Health & Productivity Awards’.
The two organisations launched this new award to raise public recognition of enterprises engaging in health and productivity management and to thereby further promote such management programmes. The groundbreaking event is scheduled to be held in February 2019.
All activities are based on the ‘Health & Productivity Stock Selection’ programme held in Japan by the Economy, Trade and Industry Ministry and Tokyo Stock Exchange. The project aims to promote the selected enterprises as an attractive investment option for investors who prioritize the improvement of corporate value from a long-term perspective.
Corporate health programmes are critical for maximizing performance, particularly in volatile economic times. Such programmes are proven to improve engagement, retention, productivity and performance, all of which result in a healthier and positive thinking workforce, which provides higher product quality and customer service. Today’s challenging global economic landscape continues to place significant pressures on organisations to continuously boost productivity and performance. For some organisations, improvements are critical to staying in business and as such incorporating or continuing wellness programmes are one such way they can sustain their competitive advantage.
Addressing the press briefing, COYLE Chairman Dinuk Hettiarachchi commented, “It is a globally-accepted fact that people are the greatest asset in any organisation. Health and well-being are elements that need to be at the heart of corporate strategy as they involve the allimportant asset of people. A healthy, happy and committed workforce will always play a crucial role in the success of an organisation. Therefore, this means that improving the health and well-being of employees is a definite win-win scenario for all parties concerned and it is something all organisations should aspire to.”
JETRO Colombo Resident Representative commented, “In recent years, highly competitive business situation in the global economy stresses many Sri Lankan employees out. But we know that no excellent staff members can provide wonderful contribution for their company without their good health of body and mind. Therefore, we suppose that the management and executive officials should be responsible for corporate performance as well as for their employees’ health management.”
All participant companies of the Sri Lanka Corporate Health & Productivity Awards will be categorized as Extra Large, Large, Medium and Small, based on the number of employees. The outstanding enterprises engaging in health and productivity management programmes that have successfully carried out efforts focusing on their employees’ health from a management perspective will be presented with awards and given due recognition for their achievements.
The selection process to pick the winning companies will consist of surveys and workshops and will be based on five key criteria provided by international standards such as ISO, PAS.
These criteria include 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.