As Americans deal with COVID-19 and unrelenting calls for social and racial equality, in addition to everyday stress, company leaders are turning to third-party mediators to help ensure the well-being of their staff and businesses.
Nikki Silvestri, senior advisor at JumpScale, told Cheddar that good workplace morale and health are essential to a flourishing business.
"Well-being is no small thing. The U.S economy loses about $300 billion a year due to a lack of well-being," she said.
JumpScale works with investors and philanthropists to develop strategies and tools that help find balance for employees and successful business operations.
"We try to bridge that gap and make sure investors get that two times higher return if they look at the well-being of their businesses and their nonprofits," Silvestri explained.
While prosperity in the workplace has always been the focus for Silvestri and JumpScale, the coronavirus pandemic has allowed the company to expand its toolbox as the need for companies to assess their overall workplace health goes up, she told Cheddar.
"JumpScale has a Good Clean Well scorecard where we assess 50-plus points of what well-being looks like in a business, and if businesses can do that, then they can make sure that they can reach their customers, that they can pivot, and that they can adapt," Silvestri explained.
A number of factors, according to Silvestri, can affect workplace well-being which includes encouraging employees to take vacation time and providing a diverse work environment; and for investors and philanthropists unsure of why their businesses may be lacking, assessing those points is key.
"You have to cycle your people through. They have to have rest," she said. "It's just very nuanced around having a just, subtle approach to operations and relational approach to operations."
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
