CMG Technologies was remotely announced as the winners of the Wellbeing Award in December for its adoption of an innovative four-day working week which encourages the positive health and wellbeing of its employees.
The company, which specialises in producing intricate and often tiny components using metal injection moulding technology, received the accolade just weeks after winning the ‘Innovation in Business’ award at the 2020 Suffolk Business Awards.
The Wellbeing Award is described by FSB as recognising businesses that are creating an environment for their employees to succeed by demonstrating commitment to the health and wellbeing of their workforces.
CMG managing director Rachel Garrett commented: “We are very pleased to have won this award to cap what has been a fantastic year for CMG. “The challenges this year has posed have led to many businesses making changes to their operations to benefit the health of staff, so we feel proud to already have healthy practices in place.
“Our staff are at the core of everything we do, so we aim to prevent issues such as overwork, stress and depression by providing them with a better work-life balance. We’re really seeing the benefits as our staff have the mental clarity to perform to the best of their abilities.”
In 2015, CMG consulted staff and it was unanimously agreed to change from five 7.5 hour days a week to four 9.5 hour days a week.
The business then went one step further in improving staff wellbeing by reducing full-time contracts to 36 hours a week with salaries unchanged.
The introduction of a four-day working week in such a highly specialised workplace allows the business to retain vital staff. Sick leave at CMG is at an all-time low and employee retention is high.
The company remained in business during the UK’s two national lockdowns as it produced critical parts for ventilators during the Covid-19 pandemic.
The company supplies 40,000 scalpels to the NHS every month and has also produced intricate components for robotic prosthetic hands and devices used to test for cervical cancer.
The metal injection moulding process involves mixing metal powders with polymer binders to manipulate the metal into behaving like a plastic. This new mixture is then injected into net shaped, precision components.
CMG Technologies www.cmgtechnologies.co.uk