Companies honored for psychologically healthy workplace practices

October 12th, 2003 by Julie Ferguson

In its 3rd Annual Health and Productivity Management Awards. the American Psychological Association (APA) last week honored companies for demonstrating innovative best practices aimed at to creating better places for their employees to work. Learn more about this program at the APA site.

“Studies show companies not only benefit from their psychologically healthy workplace practices, they pay a very real price for inaction. A report from the Journal of Occupational Health and Medicine shows that health care expenditures are nearly 50% greater for workers who report high levels of stress. These expenditures are even more significant given the fact that corporate healthcare costs continue to accelerate with no slowdown in sight. According to a recent survey by Mercer, there was a 14.7% increase overall in 2002 in corporate healthcare costs.”