VOI & VOE rather than ROI _ One difference of ours
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Description
Just one of our differences is how we get Business owners to focus on Value of Investment (VOI) and Value-of Expectations (VOE). On a global level, employers now understand the need to offer Wellbeing (WB) prog’s with their employees in mind. LAMBERT tries not to deploy WB prog’s as a cost control tactic for fear of missing the much greater potential benefit of improving organisational performance. LAMBERT approaches health promotion differently, and as such educates employers on how to be truly dedicated to creating a healthy, high-performing workforce rather than just being bent on cost control. With ROI there are too many variables that we should consider instead. As suggested by the Institute for Health and Productivity Studies (2015), many benefits of workplace health promotion prog’s cannot be quantified, and therefore may not show up in ROI estimates. Galbreath, (2011), cited by Harder et al (2014) agree and claim org’s that take a cost-analysis approach to worksite health promotion are at risk of entering an inescapable cycle of ill-health within the workplace. If you haven’t done so already: start getting your whole workplace to subscribe and hit the notification bell on our YouTube channel/ Follow us on FB & IG / and get them to engage wherever they can on any of our platforms - LAMBERT Wellbeing.
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