The American Psychological Association will recognize seven employers for their efforts to promote employee well-being and organizational performance at its ninth annual Psychologically Healthy Workplace Awards in Washington, D.C., on Saturday, March 8.
The four employers who will receive APA’s Psychologically Healthy Workplace Award (PHWA) are Tasty Catering (Illinois), Certified Angus Beef (Ohio), St. Luke’s (Minnesota) and the University of Southern California.
These organizations reported an average turnover rate of just 7 percent in 2013 – significantly less than the national average of 38 percent, as estimated by the U.S. Department of Labor. Additionally, only 15 percent of their employees say they intend to seek employment elsewhere within the next year, compared to almost double that number (27 percent) nationally.
More than six out of ten employees of the winning companies say their employer promotes and supports a healthy lifestyle (66 percent) and values work-life balance (67 percent) and employee recognition (61 percent). Emotional well-being also plays a central role in these organizations, with around seven in ten employees reporting that the organization provides adequate resources to address their mental health needs (71 percent) and help them manage stress (69 percent), compared to just 45 percent and 36 percent, respectively, in the general working population. In the award-winning organizations, almost three-quarters (74 percent) say they would recommend their organization to others as a good place to work compared to just 57 percent in the U.S. workforce.
“Creating a healthy, high-performing organization requires more than simply offering wellness activities or desirable benefits. Done well, psychologically healthy workplace principles become ingrained in the very norms, values and beliefs that are part of an organization’s culture,†says David W. Ballard, PsyD, MBA, head of APA’s Center for Organizational Excellence. “Our 2014 award winners not only support employee well-being, they also link their workplace practices to strategic goals in a way that supports the organization’s mission and drives performance.â€
Tasty Catering will be recognized for its comprehensive programs including its culture-based leadership model, financial transparency and in-house training opportunities that include courses in business, English, sales, food science and professional development. For Tasty Catering, the benefits of such a culture go well beyond job satisfaction. In addition to high staff morale, the company has seen an increase in both sales and profits.