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The Healthy Workplace as Competitive Advantage

Human resources as our most important asset. Consider the purchase order for this assetLife expectancy of 40-45 yearsAnnual operating costs > $60k/yrWill be the main source of revenueWill be the greatest exposure to liabilityCan enhance or destroy all other assets of the firmMay end up runnin

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The Healthy Workplace as Competitive Advantage

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    1. The Healthy Workplace as Competitive Advantage E. Kevin Kelloway, PhD Saint Mary’s University

    2. Human resources as our most important asset Consider the purchase order for this asset Life expectancy of 40-45 years Annual operating costs > $60k/yr Will be the main source of revenue Will be the greatest exposure to liability Can enhance or destroy all other assets of the firm May end up running the firm… and you

    3. Operating Instructions

    4. Problem #1 The assets are in increasingly short supply (but demand increases)

    5. Problem #2: The assets might be changing Generational change in values (Boomers, Gen X, Gen Y etc) Changes in position power

    6. Some Solutions Recruit/train new employees Abolish retirement Retain employees

    7. Why can’t we retain employees? Work Sucks

    8. What makes a healthy workplace Challenge Control Climate Leadership

    9. Some data – why do they leave Survey of 1400 NS workers – selected to represent the province by gender, geographical distribution, industry

    10. Some data – why do they leave Demographics – Age, gender (males), salary, union member, managers Stress – role conflict, work-family conflict, lack of recognition Healthy Workplace –availability of safety program; wellness programs Effects of Safety and Wellness programs were 6 times larger than the effects of benefits (medical, dental etc)

    11. The psychologically healthy workplace If you build it, they will come

    12. THANK YOU!

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