COYLE fosters business excellence through ‘Sri Lanka Corporate Health & Productivity Awards’

The Chamber of Young Lankan Entrepreneurs (COYLE) in collaboration with Japan External Trade Organization (JETRO) is pleased to announce its pioneer project; the organizing of the forthcoming "Sri Lanka Corporate Health & Productivity Awards" which would be held in the similar lines of the Health & Productivity Stock Selection program held in Japan by Ministry of Economy, Trade and Industry (METI) and Tokyo Stock Exchange, (TSE)

Companies categorized under Extra Large, Large, Medium and Small, based on number of employees will be selected for eligibility. Outstanding enterprises engaging in health and productivity management programs that focus on and strategically carry out efforts with regard to their employees’ health from a management perspective will be selected.

The project seeks to promote the selected enterprises as an attractive investment option for investors who prioritize the improvement of corporate value from a long-term perspective. Through this effort, COYLE together with JETRO aims to raise public recognition of enterprises engaging in health and productivity management and to thereby further promote such management programs.

Prior to the selection, surveys and workshops would be conducted and assessed. Selection would be made based on five criteria provided by international standards such as ISO, PAS: the positioning of health and productivity management in management philosophy and policies, organized 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.

Corporate Health Programs are critical for maximizing performance, particularly in volatile economic times. It is proven to improve engagement, retention, productivity and performance – the ripple effect of which contributes to a healthier and positive thinking workforce resulting in higher product quality and customer service.

The ongoing volatility of the world economy continues to place significant pressures on organizations to drive productivity and performance. For some organizations improvements are critical to staying in business and as such incorporating/continuing wellness programs are one such way you can stay in the game and maintain your competitive advantage.

Chairman of COYLE Dinuk Hettiarachchi commented, "We are striving to embed health and well-being at the heart of corporate strategy because our people are our greatest asset, and we recognize that a healthy, happy and committed workforce is vital to our business success." He added, "Improving the health and well-being of our employees offers a"win-win" all around. Employees benefit from better support for their health. Companies benefit from less absence and improved productivity and society benefits from improved public health and better services."

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