By Jessica Bartlett
Announced today at the World Economic Forum in Davos, Switzerland, the initiative comes courtesy of the Vitality Institute, which brought together representatives from more than a dozen companies and a handful of universities for over a year to discuss if and how the health of a companys workforce should be made available to the public.
Vitality, a member of Discovery Ltd., has some skin in the game here. The company offers incentive-based health and wellbeing programs to employers.
The American Heart Association, Humana, and Novo Nordisk have also signed on to the initiative.
The bottom line is increased transparency behind a companys greatest asset and biggest liability its workforce.
According to three studies published in this months Journal of Occupational and Environmental Medicine, companies with high-performing employee wellness programs outperformed the Standard & Poors index by 7 to 16 percent each year.
Though a number of academics and companies are calling for increased transparency, Vitality said work will continue to nail down how to incorporate health metrics into corporate reporting.
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