NEWTOWN SQUARE, Pa., Nov. 30, 2016
NEWTOWN SQUARE, Pa., Nov. 30, 2016 /PRNewswire/ -- SAP SE (NYSE: SAP) announced it is a founding partner and customer of Thrive Global, a corporate and consumer well-being platform launched today by Arianna Huffington. SAP's North American employees and the 45 million users of SAP® SuccessFactors® solutions will have access to Thrive Global content to help improve their overall health, well-being and productivity.
By teaming with Thrive Global to offer new resources and solutions to lower stress and burnout, SAP believes it will drive greater job satisfaction, engagement and productivity. The integration of content from Thrive Global and SAP SuccessFactors solutions will allow organizations to draw upon complementary resources to create a balanced, supportive work environment primed for positive business outcomes.
"Nothing is more valuable to a business than having a healthy, happy and inspired workforce," said Jennifer Morgan, president of SAP North America. "SAP puts people first, and we are committed to providing wellness resources to help achieve and maintain optimal health. In Thrive Global we have found a kindred spirit, and we're proud to unite with Arianna and her team to enrich well-being across the SAP community."
Thrive Global was created by Huffington, the co-founder of The Huffington Post, to revolutionize the way people work and live by offering science-based solutions to lower stress and burnout. Core offerings include corporate training, health and wellness content, and a retail platform with top technology and well-being products.
"High stress and burnout in today's culture have reached epidemic levels," said Huffington, founder and CEO of Thrive Global. "SAP is an organization that recognizes that for people to perform their best at work they need to take care of themselves, and it has a track record of action to address that — both within SAP and across its customer base. I'm thrilled to count SAP as an important founding partner to Thrive Global in our movement to empower people to thrive at work."
Organizational investments in employee health and wellness initiatives have grown significantly in the past decade, with many studies linking improved workforce health to higher levels of employee engagement, retention and productivity. Despite the increased spend on wellness initiatives, healthcare and absenteeism costs are on the rise. In the United States alone, it's estimated that absenteeism represents more than $225 billion in annual costs.1
The integration of Thrive Global content complements existing SAP SuccessFactors offerings that already support employee engagement, development, recognition and rewards. New capabilities are under development that will connect with wearable devices to incorporate health data, add competition and gamification concepts to drive participation, and combine integrated content and advisory services within SAP SuccessFactors solutions to make a positive impact on people's lives.
"At SAP SuccessFactors2 we're committed to helping clients find and support all-in people. Addressing employee well-being is an extension of that commitment," said Mike Ettling, president of SAP SuccessFactors. "Today's HR leaders understand the value of looking after not just the employee but the person. This partnership with Thrive Global simplifies the ability to do that."
1. PwC, "The rising cost of absence," 2013.
2. SAP SuccessFactors is a new brand name launched in January 2016 and is used here to mean the offerings, employees, and business of acquired company SuccessFactors, which continues to be our legal entity until integration with SAP is complete.
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