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Why is corporate health management so important?
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Written by Joachim Willms [Managing Director]   

I recommend the following article!

Why is corporate health management so important?

Social trends are creating new and increased health risks in the work environment. This topic has powerful ethical considerations and includes a term that barely existed a decade ago: “presenteeism” – the practice of working while unwell or persistently working longer hours and/or taking fewer holidays than the terms of one’s employment allow, especially as a result of fear of losing one’s position or even employment. Employers that proactively use corporate health management to address potential issues can create significant competitive advantage.

Edited by Prof. Edward Yagi, from a speech made by Dr. Axel Baur, Senior Partner, McKinsey and Company, Tokyo Office

Key studies demonstrate a worrying trend in the relationship between employee healthcare and negative financial impact. Indeed, healthcare costs are shown to be increasing faster than other cost factors with presenteeism currently representing the biggest cost driver in many industries. Statistics show that just the top three problem classifications (psychiatric conditions, respiratory conditions, and musculoskeletal conditions) cause annual presenteeism costs of roughly US$8.4 billion for the German car manufacturing industry alone. Furthermore, compound annual growth rates of German employer healthcare costs were 4% between 2005 and 2010, while during the same period the comparable growth of wages and GDP was only 1%. In parallel, it has been estimated that UK employer failure to adequately invest in the health and wellbeing of their employees, costs the UK economy £57 billion a year in lost productivity.

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THAT makes East Frisia GREAT again!
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Written by Joachim Willms [Managing Director]   

 
Research Symposium: Tourism, Hospitality & Events; Sunderland, GB, 24.05.2017
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Written by Joachim Willms [Managing Director]   
University of Sunderland
Ενσωματωμένη εικόνα
Research Symposium
24th May 2017
Tourism, Hospitality & Events: Border crossings and inter-connections
More analytical information about the Research Symposium can be found in: https://thesymposium2017.wordpress.com
 
Call for Papers
In recent years, the growth of tourism, hospitality, and events (T.H.E.) has been faster than the growth of the wider economy and other significant sectors including financial services, health care, and automotive businesses (WTTC, 2015). The micro and macro environments within which the T.H.E. sectors operate are increasingly complex, fluid and dynamic, requiring a more holistic approach to their operations, research and education.  Indeed, tourism, hospitality and events are recognised to be fields that can be studied from different perspectives including economics, sociology, anthropology, psychology, marketing, management, and geography.  Within T.H.E. we have undoubtedly witnessed a more flexible approach to research, scholarship, and education that, on the one hand can sufficiently address the challenges of the new era and, on the other hand, can help businesses to adapt to remain competitive. It is only through innovation and new ways of thinking that organisations can survive and develop (Sok & O’Cass, 2011). Thus, perspectives and research from different academic fields and disciplines are considerably important for understanding the evolution of T.H.E.   Further, the recent critical turn in T.H.E. has celebrated interdisciplinary research and scholarship recognising the ability of such border crossings to enrich our knowledge and understanding of these fields of study, thereby transforming education and practice.
 

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