Why Companies are Losing $21.8 Billion Today

Jim Clifton

Jim Clifton

Here’s a brief article (with video) by Jim Clifton, Chairman and CEO of the Gallup Organization, and Ben Leedle, CEO of Healthways. It is featured by LinkedIn. To check out all the articles posted by the website’s Influentials, please click here.

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Ten cities in America stand out when it comes to high well-being – with Boulder, Colo.; Barnstable Town, Mass.; and San Luis Obispo-Paso Robles, Calif.; as examples of cities in the top 10. Residents in these places – compared with the rest of the country – are better connected to their community, have better financial stability and physical health, and have a higher sense of purpose.

These high well-being cities tend to exhibit many shared characteristics, including lower chronic disease rates, lower incidence of obesity, more frequent exercise, less smoking, and a more positive outlook on their community. These commonalities demonstrate a consistent, mutual foundation upon which the top well-being cities attain and maintain their status as standard bearers of well-being in America.

Now, imagine how different the nation would be if the well-being of the average American worker was just as good as that of the people in the top 10 cities – an attainable and measurable goal that can be achieved with the appropriate focus by business owners and their leadership.

If every one of America’s biggest companies – those with 10,000 employees or more – got serious about the well-being of their employees and matched the well-being of our nation’s top 10 cities in just two areas (obesity and smoking), we would collectively net $21.8 billion in reduced healthcare costs and improved productivity.

That figure gets even bigger by accounting for other health conditions and all the aspects of well-being that affect an employee’s life – like strong social relationships, engagement at work, and a sense of financial security.

And every uptick in well-being would pay off for those companies in not just cost savings and improved worker productivity, but also in increased loyalty, safety, and a better customer experience. Those companies could invest their capital in growth, not healthcare costs. Their employees would put their energy into their jobs, not their illnesses, sources of stress, and struggles.

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To learn more about Jim, please click here,

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