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INSIGHTS Cotton On Leading the Way With Wellness
2015
Cotton On
Leading the Way
With Wellness
Cotton On has been
pursuing a wellness
strategy for the past six
years, demonstrating its
commitment to the health
and wellbeing of its sta.
Cotton On has been pursuing a wellness strategy for the past six years,
demonstrating its commitment to the health and wellbeing of its sta.
Health and Well Being Manager, Luke McLean, shared the Cotton On
wellness journey at the recent Marsh Workforce Strategies Forums, held
in Sydney and Melbourne.
According to the
Australian Financial Review
(AFR)
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, Cotton On Group
has announced plans to add 227 jobs in Australia and overseas this year
as the business pursues a strategy to better its five-year record of
20%-plus sales growth.
Group sales are expected to rise by 22.5% this year to $1.51 billion. It
expects 20% cent-plus growth in 2016. This will be on the back of more
than 100 store openings and beefed up online trading capabilities with
new online sites, improved digital content and click and collect options.
As outlined in the
AFR
article cited
above, Cotton On plans to open 570
stores internationally, with the total
number of stores likely to hit nearly 1900
over the next three years, while online
sales are expected to rise to $250 million.
“We can’t do that if we don’t look after
people. At Cotton On, we’re always on,
be that at work, at home or with the
kids. So we need to be in shape mentally,
physically and emotionally because the
business is moving so fast,” he said.
According to McLean, the company’s
vision is to create the best workplace in
the world. Citing Jim Loehr’s famous
workplace management book, The
Power of Full Engagement, he explained
Cotton On is focused on helping to
manage the team’s energy, rather than
its time, which is something that’s fixed
and unmanageable.
Importantly, he acknowledged the
company’s commitment to mental
wellbeing is rooted in its culture. This is
one of the reasons why it has established
the Cotton On Foundation. “This gives
sta the ability to be connected to their
job beyond just receiving a pay cheque,”
McLean explained.
However, he stressed the business’s
notion of wellbeing is flexible to allow
individual sta members to express what
health and wellness means to them.
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Mitchell, S. (2015), “Cotton On plans next stage of
global growth,
The Australian Financial Review
,
30/03/16, accessed 19/11/15, http://www.afr.com/
brand/cotton-on-plans-next-stage-of-global-
growth-20150328-1m9ztm.
The popular fashion brand takes the wellbeing of its
sta super seriously.
BOARD DISCUSSION