The company was recognized for promoting employee well-being and performance.
SAN JUAN, PUERTO RICO – April 22, 2019 — The American Psychological Association (APA) recently awarded Liberty Puerto Rico with its 2019 Psychologically Healthy Workplace Award. One of only eight employers from across the United States and Canada to receive the distinction this year, Liberty won in the medium for-profit category, thanks to its efforts to create a healthy, high-performing work environment.
The Psychologically Healthy Workplace Award recognizes employers who implement workplace practices, backed by psychological science, that advance employee health and well-being while increasing performance and productivity.
“It is an honor for us to receive this award and to join past recipients that are long admired and respected,” said Jazmín Castro, human resources director at Liberty Puerto Rico. “The journey to promote employee health and well-being while supporting organizational performance, has not been an easy one. The key to our success has been our commitment to our people, caring about what they have to say and acting on it. We strongly believe that our employee experience impacts our customer experience and without a doubt our company’s growth is proof of that.”
Liberty implemented programs to foster employee involvement, health and safety, employee growth and development, work-life balance and employee recognition. These programs include Wise & Well with Liberty, a comprehensive wellness program dedicated to nutrition, health screenings, smoking cessation, fitness, mental health and community involvement.
Liberty’s psychologically healthy workplace practices have reaped rewards for both the organization and its employees. The retention rate for new hires is 85 percent after one year, turnover is less than 10 percent and employee referrals jumped 20 percent, as staff encourage other high-performing individuals to join the company.
“Employees notice when an organization legitimately cares about their well-being and are more likely to be satisfied with their jobs, committed to the organization and motivated to do their best,” says David W. Ballard, PsyD, MBA, head of APA’s Psychologically Healthy Workplaces program and its Office of Applied Psychology, which hosts the annual awards. “Organizations like Liberty Puerto Rico recognize the importance of creating a work environment where employees and the organization can thrive.”
Liberty received the APA Psychologically Healthy Workplace Honors in the fall of 2018, qualifying it for APA award consideration. The telecom company was among 23 companies, nonprofits and government agencies throughout the United States and Canada that implement workplace practices that encourage good organizational outcomes and employees’ own well-being. Out of that pool of 23 finalists, eight companies received the award. Liberty Puerto Rico was the only company in Puerto Rico recognized with this distinction.
Liberty Puerto Rico received the same distinction locally through the Puerto Rico Psychological Association, which was awarded during the organization’s annual convention held in November 2018. Liberty was also the only local company to receive this honor last year.
The APA’s Psychologically Healthy Workplace Honors is an annual award program for employers in the United States and Canada. Participating employers are evaluated on their efforts in employee involvement, work-life balance, employee growth and development, health and safety and employee recognition.
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About Liberty Puerto Rico:
Liberty Puerto Rico is a subsidiary of Liberty Latin America and has approximately 738,600 RGUs as of December 31, 2018 in 75 municipalities in the eastern, central, northern southern and western regions of Puerto Rico. For more information, please visit www.libertypr.com.
About Liberty Latin America
Liberty Latin America is a leading telecommunications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil, BTC and Cabletica. The communications and entertainment services that we offer to our residential and business customers in the region include digital video, broadband internet, telephony and mobile services. Our business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions with customers ranging from small and medium enterprises to international companies and governmental agencies. In addition, Liberty Latin America operates a sub-sea and terrestrial fiber optic cable network that connects over 40 markets in the region.
Liberty Latin America has three separate classes of common shares, which are traded on the NASDAQ Global Select Market under the symbols "LILA" (Class A) and "LILAK" (Class C), and on the OTC link under the symbol "LILAB" (Class B). For more information, please visit www.lla.com.
About the American Psychological Association:
The American Psychological Association, in Washington, D.C., is the largest scientific and professional organization representing psychology in the United States. APA's membership includes more than 118,400 researchers, educators, clinicians, consultants and students. Through its divisions in 54 subfields of psychology and affiliations with 60 state, territorial and Canadian provincial associations, APA works to promote the advancement, communication, and application of psychological science and knowledge to benefit society and improv
