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Author: Liz Hilton Segel, North America Managing Partner, McKinsey & Company
Businesses should treat wellbeing as a tangible skill, a critical business input and a measurable outcome.
Forward-thinking companies will embrace wellbeing as an index of learnable actions and daily behaviour.
By talking about wellbeing and backing it with action, leaders can eliminate a work culture that implies work should come before personal needs.
Moreover, the costs associated with not addressing employees’ mental health issues cumulate to a material impact of hundreds of billions of dollars — from lower motivation and work productivity, to increased calls to mental health services, to anxiety about unprecedented family needs. Mental health occurs along a continuum, with thriving and positive mental health on one end and serious mental illnesses or addictions at the other. In between, there are a range of conditions that vary in intensity and impact that employers need to understand and support.
To tackle these challenges,Transforming Markets is one of four focus areas at the World Economic Forum’s 2019 Sustainable Development Impact summit. A range of sessions will bring stakeholders together to take action that places human and environmental health at the core of market systems and value chains. These include building sustainable markets, responsible supply chains, moving beyond disposability, circularity and scaling solutions of the Fourth Industrial Revolution, among others.
Filed Under: Business, World Economic Forum Tagged With: Brussels magazine, Critical Magazine, Critical News, Critical Times, EU magazine, EU News, EU Sting, The European Sting, The Sting, wellbeing, workplaces
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