Trust is probably the most valuable currency in the healthcare industry and it doesn’t come easy. In order for the company to earn employees trust and loyalty, they need to go beyond healthcare services and create an emotional bond with the employee through ethical business practices. Employee loyalty goes a long way in contributing towards sustainable business growth of a company.
Investors no more only rely on financial data but also look at how a company deals with the relevant social and environmental issues. If a company is not prudent enough to pay any attention to these issues, with time it will lose credibility and no investor wants to invest in a company that has no credibility or stakeholder trust. In order for a healthcare service provider to attract investors who can fund their expansion, they need to focus on social, environmental and economic performance in addition to financial performance.
When competitors adopt less costly but not socially responsible and ethically sound healthcare solutions, a company should take advantage of this challenge and explore new innovative and green solutions. This raises the barriers to entry and will make CSR as the industry norm with our company being the pioneer.
There is clear evidence linking the employee morale and loyalty to the soda performance of the company.
All the above factors inevitably translate into better financial performance over the years.
Karl Spark Inc.
Business Registration No : LL13597
Head Office : Central Plaza, Level 28, 34 Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia
Tel No : 03 2149 0805