There’s a really interesting report out at the moment which says the supply of skilled workers will soon be under threat from non-communicable diseases, or NCDs.
The report, The Workplace Wellness Alliance – Investing in a Sustainable Workforce, is published by the World Economic Forum Workplace Wellness Alliance, which is an alliance of global companies who are committed to advancing wellness in the workplace. The Alliance is looking to develop standardised metrics to achieve a global standard of wellness, and to develop better ways to address chronic disease prevention in the workplace.
The report says NCDs are now so prevalent that they could cause a supply shortage of talented workers, as well as being a threat to capacity and productivity. Non-communicable diseases include things such as cancer, cardiovascular disease, chronic pulmonary disease, diabetes and mental illness.
Globally, due to both NCDs and ageing, it’s expected that demand for skilled human capital will soon start to outstrip supply.
“Demand is rising as economies grow and mature, and significant talent gaps of up to 45 million employees in Western Europe alone are forecast for 2030 (World Economic Forum, 2011). On the supply side, workforces are threatened by ageing and non-communicable diseases (NCDs) – mainly cancer, cardiovascular diseases, chronic pulmonary disease, diabetes and mental ill-health – two trends that form a vicious circle of dwindling workforce capacity and productivity.”“NCDs limit capacity by causing absenteeism and sometimes premature death, and impact productivity through presenteeism (underperformance on the job).”
The report provides strategic advice on ways to retain talented staff by investing in employee health, and gives some good tools and tips for establishing a strong case for change for your own organisation. Read more in the full report here [PDF].
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