Subject(s)
Health Care Sector/organization & administration , Health Personnel , Occupational Health , Patient Safety , Program Development , Biomedical Research , Efficiency, Organizational , Health Personnel/organization & administration , Humans , Leadership , Needs Assessment , Organizational Culture , Power, Psychological , Program Development/methods , Program Evaluation/methods , United States , Work EngagementABSTRACT
OBJECTIVE: The aim of this study was to assess the hypothesis that stock market performance of companies achieving high scores on either health or safety in the Corporate Health Achievement Award (CHAA) process will be superior to average index performance. METHODS: The stock market performance of portfolios of CHAA winners was examined under six different scenarios using simulation and past market performance in tests of association framed to inform the investor community. RESULTS: CHAA portfolios out-performed the S&P average on all tests. CONCLUSIONS: This study adds to the growing evidence that a healthy and safe workforce correlates with a company's performance and its ability to provide positive returns to shareholders. It advances the idea that a proven set of health and safety metrics based on the CHAA evaluation process merits inclusion with existing measures for market valuation.
Subject(s)
Industry/economics , Investments , Occupational Health/economics , Organizational Culture , Safety Management/economics , Awards and Prizes , Economic Competition , Humans , Industry/organization & administration , Industry/standards , Occupational Health/standards , Safety Management/standardsABSTRACT
OBJECTIVE: To better understand how integrating health and safety strategies in the workplace has evolved and establish a replicable, scalable framework for advancing the concept with a system of health and safety metrics, modeled after the Dow Jones Sustainability Index. METHODS: Seven leading national and international programs aimed at creating a culture of health and safety in the workplace were compared and contrasted. RESULTS: A list of forty variables was selected, making it clear there is a wide variety of approaches to integration of health and safety in the workplace. CONCLUSION: Depending on how well developed the culture of health and safety is within a company, there are unique routes to operationalize and institutionalize the integration of health and safety strategies to achieve measurable benefits to enhance the overall health and well-being of workers, their families, and the community.
