Wednesday, February 14, 2007

CEOs Take on Wellness as Corporate Strategy; Rising Costs of Chronic Diseases Hurting Corporate Profits and Productivity


Survey Finds Over Half of Multinational Companies Surveyed to Invest in Workplace Wellness

Washington DC, 5 FEB, 2007 – As work becomes more sedentary, the global workforce is becoming fatter, sicker and less productive due to chronic conditions such as heart disease and diabetes, according to a new report prepared by PricewaterhouseCoopers Health Research Institute in conjunction with the World Economic Forum.

Publicly released today, the report, entitled “Working Towards Wellness: Accelerating the Prevention of Chronic Disease,” identified chronic disease as a growing and costly threat to corporations and their workers. It calls on global CEOs to make wellness central to their corporate business strategy, suggesting that multinational employers have the greatest stake in and best opportunity to prevent chronic disease. For corporations adopting wellness programs, PwC provides a framework to ensure the effectiveness of those initiatives.

According to PwC, too little attention is being paid to preventing chronic diseases, as only 3 percent of spending in industrialized nations goes toward prevention.

See full Article.