News from the Noteworthy

Workforce Wellbeing Impacts
Business Bottom Line

The cost of doing business and staying in business is rising these days. It’s not just inflation, supply chain, COVID fallout and keeping the lights on. For most business owners and managers, that would be more than enough to contend with. We also know that it’s about the workforce and the overall wellbeing of the people we work with and work for. We are emerging from a dual pandemic (COVID and overdose deaths). Together, they have taken a significant toll on working adults and their families.

In a recent pilot study of central New York businesses (https://doi.org/10.1177/08901171221112488c), we found many hidden costs related to the wellbeing of people in the workforce. I identify them as hidden because they don’t typically show up by name in the usual metrics that are tracked by businesses.