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Investing in employee wellness can help increase productivity, profit and employee retention; however, when it comes to deciding where to spend wellness dollars, many companies simply take a shot in the dark.
My AI data analytics firm once partnered with a large hospital network that had spent millions of dollars on a subscription to a meditation app for nurses, assuming it would help reduce stress and improve retention. Their plan turned out to be a complete waste of money.
After analyzing the hospital’s workforce data, it became clear that the meditation app had no impact on nurse stress levels or turnover rates.
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