An award ceremony was recently held by the American Psychological Association to recognize five organizations for their success in promoting employee health and improving overall business performance.
According to APA, psychologically healthy employee environment practices comprise of employee involvement, health and safety, work-life balance, employee recognition and growth and development
The five winning organizations promote health and safety and have demonstrated turnover rates lower than that of the national average, which was estimated at 41 percent in 2009 by the U.S. Department of Labor. Companies that were recognized reported a lower percentage of employees who experienced chronic work stress, and a higher percentage of employees who were satisfied with their jobs and were not seeking employment elsewhere.
The various programs employed by these companies also show a strong commitment to engaging, encouraging, and rewarding employees. In addition, the winners have seen a climb in employee morale, job satisfaction and work efficiency.
According to APA, since the American Cast Iron Pipe Company has implemented programs and policies that “reap rewards” more than 320 employees have quit smoking, approximately 1,200 have begun an exercise program, and more than 600 have lowered their blood pressure.
David W. Ballard, PsyD, MBA, APA's assistant executive director for marketing and business development said: "Employers that maintain a strong commitment to employee well-being even under difficult circumstances will have a distinct competitive advantage in their ability to attract and retain the very best staff."