Japan and Sri Lanka collaborate to launch Sri Lanka Corporate Health and Productivity Awards next year
Sri Lanka’s Chamber of Young Lankan Entrepreneurs (COYLE) and the Japan External Trade Organization is reportedly planning on launching the Sri Lanka Corporate Health and Productivity Awards in 2019 in a bid to recognize business practices that promote employee physical and mental well-being.
“People are the greatest asset in any organization,” COYLE Chairman Dinuk Hettiarachchi has been quoted as saying in the local media.
“A healthy, happy and committed workforce will always play a crucial role in the success of an organization”
According to reports, the Sri Lankan awards are an adaptation of a similar event held in Japan.
JETRO Standards and Regulations Division Director Kei Kawano has been quoted as saying that in Japan the awards have helped create a system of innovative healthcare practices within companies.
In Japan, the winners of awards winners attract more applicants for jobs and enjoy lower borrowing costs from financial institutions.
Hettiarachchi has noted that in Sri Lanka, companies who win might be able to negotiate lower prices for their employee insurance plans in the long run, if they can prove better health levels of their employees.
Meanwhile, Kawano has reportedly said that that according to research, one US dollar spent on employee health and wellbeing gives a return of 3 US dollars.
The collaboration between Sri Lanka and Japan to promote corporate health and productivity would create good business practices in the country. This would have an overall impact on the country’s economic growth. A healthy and productive workforce would also add the ease of doing business in Sri Lanka environment. Foreign businesses looking at doing business with the Sri Lanka could therefore be guaranteed of a strong workforce in the country.
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