COYLE fosters business excellence through ‘Sri Lanka Corporate Health & Productivity Awards’

The Chamber of Young Lankan Entrepreneurs (COYLE) in collaboration with Japan External Trade Organization (JETRO) is pleased to announce its pioneer project; the organising of the forthcoming ‘Sri Lanka Corporate Health & Productivity Awards’ which would be held in the similar lines of the Health & Productivity Stock Selection program held in Japan by Ministry of Economy, Trade and Industry (METI) and Tokyo Stock Exchange, (TSE)

Companies categorised under Extra Large, Large, Medium and Small, based on number of employees will be selected for eligibility. Outstanding enterprises engaging in health and productivity management programs that focus on and strategically carry out efforts with regard to their employees’ health from a management perspective will be selected.

The project seeks to promote the selected enterprises as an attractive investment option for investors who prioritise the improvement of corporate value from a long-term perspective. Through this effort, COYLE together with JETRO aims to raise public recognition of enterprises engaging in health and productivity management and to thereby further promote such management programs.

Prior to the selection, surveys and workshops would be conducted and assessed. Selection would be made based on five criteria provided by international standards such as ISO, PAS:  the positioning of health and productivity management in management philosophy and policies,  organised 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. 

Corporate Health Programs are critical for maximising performance, particularly in volatile economic times. It is proven to improve engagement, retention, productivity and performance – the ripple effect of which contributes to a healthier and positive thinking workforce resulting in higher product quality and customer service.

The ongoing volatility of the world economy continues to place significant pressures on organisations to drive productivity and performance. For some organisations improvements are critical to staying in business and as such incorporating/continuing wellness programs are one such way you can stay in the game and maintain your competitive advantage. 

COYLE Chairman Dinuk Hettiarachchi commented, “We are striving to embed health and well-being at the heart of corporate strategy because our people are our greatest asset, and we recognise that a healthy, happy and committed workforce is vital to our business success.”     He added, “Improving the health and well-being of our employees offers a ‘win-win’ all around. Employees benefit from better support for their health. Companies benefit from less absence and improved productivity and society benefits from improved public health and better services.”

COYLE is a business chamber with 120 members comprising of business owners and entrepreneurs having an extensive national and international business network, offering a broad spectrum of activities and services. Chamber members collaborate with Government officials, policy makers 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 or the Japan External Trade Organization is a Government-related organisation that works to promote mutual trade and investment between Japan and the rest of the world. Originally established in 1958 to promote Japanese exports, JETRO’s core focus in the 21st century has shifted toward promoting foreign direct investment into Japan and helping small to medium size Japanese firms maximise their global export potential.