Aug 08, 2018

COYLE - JETRO to organize maiden “Sri Lanka Corporate Health & Productivity Awards”

The Chamber of Young Lankan Entrepreneurs (COYLE), in collaboration with Japan External Trade Organization (JETRO), announced its plans to organize the very first "Sri Lanka Corporate Health & Productivity Awards".

The two organizations launched this new award to raise public recognition of enterprises engaging in health and productivity management and to thereby further promote such management programs.The ground-breaking event,scheduled to be held in February 2019.

All activities are based on the “Health & Productivity Stock Selection” program held in Japan by the Ministry of Economy, Trade and Industry (METI) and Tokyo Stock Exchange (TSE). The project aims to promote the selected enterprises as an attractive investment option for investors who prioritize the improvement of corporate value from a long-term perspective.

Corporate Health Programs are critical for maximizing performance, particularly in volatile economic times. Such programs are proven to improve engagement, retention, productivity and performance, all of which results in a healthier and positive thinking workforce which provides higher product quality and customer service. Today’s challenging global economic landscape continues to place significant pressures on organizations to continuously boost productivity and performance. For some organizations, improvements are critical to staying in business and as such incorporating or continuing wellness programs are one such way they can sustain their competitive advantage.

Addressing the press briefing, Chairman of COYLE Dinuk Hettiarachchi commented, “It is a globally-accepted fact that people are the greatest asset in any organization. Health and well-being are elements that need to be at the heart of corporate strategy as they involve the all-important asset of people. A healthy, happy and committed workforce will always play a crucial role in the success of an organisation. Therefore, this means that improving the health and well-being of employees is a definite win-win scenario for all parties concerned and it is something all organizations should aspire to”.

Resident Representative of JETRO Colombo commented, “In recent Years, highly competitive business situation in global economy stresses many Sri Lankan employees out. But we know that no excellent staff members can provide wonderful contribution for their company without their good health of body and mind. Therefore, we suppose that the management and executive officials should be responsible for corporate performance as well as for their employees’ health management".

All participant companies of the Sri Lanka Corporate Health & Productivity Awards will be categorized as Extra Large, Large, Medium and Small, based on the number of employees. Outstanding enterprises engaging in health and productivity management programs that have successfully carried out efforts focusing on their employees’ health from a management perspective will be presented with awards and given due recognition for their achievements.The selection process to pick the winning companies will consist of surveys and workshops and will be based on five key criteria provided by international standards such as ISO, PAS. These criteria include the positioning of health and productivity management in management philosophy and policies, organized frameworks established for tackling health and productivity management issues, specific systems established for ensuring health-conscious management as well as measures introduced for implementing them, measures established for assessing and improving health and productivity management, and adherence to laws and regulations and risk management.

Established in 1999, COYLE is a business chamber with 120 top Sri Lankan young entrepreneurs who comprise of business owners and entrepreneurs having an extensive national and international business network.COYLE members collaborate with Government officials, policymakers and community organisations to support the community and each other with the mission of building businesses and community through its motto “Recognition through Excellence.”JETRO is a government-related organization that works towards promoting mutual trade and investment between Japan and the rest of the world. Originally established in 1958 to promote Japanese exports abroad, JETRO's core focus in the 21st century has shifted toward promoting foreign direct investment into Japan and helping small to medium-sized Japanese firms maximize their global export potential.