“There are two things people want more than sex and money… recognition and praise.” ~Mary Kay Ash
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For years companies have widened their nets to capture new talent. New BMWs, country club memberships, travel perks and other benefits have been used as incentives to attract new talent. However, well-being benefits are becoming a “higher-value” to many young “millenniums”. So what does “well-being” mean to business? That varies to the needs of each corporation, its perception of the value for new talent and their contribution to the organization. It also addresses the needs of existing employees, as well.
The Stiglitz-Sen-Fitoussi Commission found the following objective measures necessary in measuring human well-being along the lines of the “eight key dimensions”: 1) personal income, consumption and wealth; 2) mortality and morbidity; 3) educational enrollment, graduation rates, years completed, standardized test scores and expenditure on education; 4) time spent on personal activities including paid and unpaid work, commuting, and leisure time; 5) measures of housing; 6) political voice (freedom of speech, dissent, and association) and governance (corruption, accountability, democracy, universal suffrage, and non-citizen rights); 7) social connections (volunteer work, civic engagement, and the amount, nature, and breadth of connections generally); 8) environment (econsystems health, access to environmental resources, individual exposure to pollutants); 9) personal insecurity (crime, accidents, natural disasters); and 10) economic insecurity (job security, illness and health issues, and global economic trends).1
Mark Kinver is an environmental reporter for BBC News. He recently wrote a thought provoking article about well being and discussed often overlooked employee well-being is not commonly considered a company benefit. I encourage you to read his recent article by following this link: http://www.bbc.co.uk/news/science-environment-25682368
Footnote: 1 Sen, A., Stiglitz, J. E., & Fitoussi, J.-P. (2009). Report by the Commission on the Measurement of Economic Performance and Social Progress. Paris, France: The Commission on the Measurement of Economic Performance and Social Progress.(pgs 41-44)
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Owners, Executive and other Leaders are investigating a global world concerned about Sustainability, that type of understanding can be difficult to obtain. In early December 2013, I published my second book entitled “Building a Bridge to Benefits”. If you are interested in reading about the book or want to purchase copies today, here is the link to CreateSpace, an Amazon company, go to: https://www.createspace.com/4532590
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