By Leslie Nolen, Radial
Isnt it odd that publicly-traded companies dont report on employee wellness in their annual reports?
The precedent for reporting this kind of information is strong, and it offers numerous benefits:
1) Better-informed investors
If you own or youre thinking about buying shares in that high-flying tech start-up, wouldnt you want to know that the CEO or another key employee, like the head of product development, has a slew of health issues?
If youre an investor in a large manufacturer, wouldnt you like to know the details behind the health cost increases that management keeps blaming for poor bottom-line performance? And the actions that managements taking to mitigate this business risk? After all, health costs are one of the single largest items on most P&Ls these days.
2) Greater corporate wellness accountability
3) Strategic alignment of employer goals and actions
4) Better alignment of corporate wellness with best practices
5) Greater comparability
Who will lead?
Theres a wonderful opportunity here for corporate wellness providers to jointly develop and propose model language and the model report elements appropriate for inclusion in an annual report.
The need is real. The Vitality Institute has proposed just this action, and theyre spot-on. Who else among our industry will rise to the challenge of leading this effort?