Chestnut Global Partners (CGP) Announces Joint Venture with Leader Prospects, Providing Employee Assistance and Wellness Services Across India

BLOOMINGTON, Ill, July 15, 2014 /PRNewswire/ -- Chestnut Global Partners (www.chestnutglobalpartners.org), a provider of culturally-aware employee assistance and wellness programs to companies worldwide, today announced that it has partnered with Leader Prospects, an HR and work/life consulting company based in India, to form CGP India (CGPI). The joint venture will provide the tools, infrastructure and support network needed to more effectively serve employees of Indian companies with culturally-aware employee assistance and wellness services.

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CGPI is based on Chestnut Global Partners' (CGP) successful "glocal" model, wherein CGP provides "global" coordination of networks of local providers who implement and manage culturally relevant programs. This approach lowers barriers and increases utilization in each of the over 130 countries where these services are provided.

"Corporate wellness is in its early stages in India, as business leaders are starting to understand the need for systematic, scientifically proven approaches in alleviating the behaviors and conditions that compromise employee performance," said Russ Hagen, CEO of Chestnut Global Partners. "Leader Prospects works with companies in promoting and sustaining leadership and implementing vibrant, team-oriented cultures that put them in position to be successful. We look forward to working with their team in supporting their clients during this difficult and critical period of social and cultural transition."

"Today, more companies see the connection between wellness and business leadership as well as its value as a recruitment and retention tool -- particularly as more people are moving away from their families to find work in the cities," said Nobby Nazareth, Managing Partner for Leader Prospects. "Managing the stress and the counterproductive behaviors that often result, is really critical. Our goal was to partner with a global player that could adapt their services to Indian culture, which is precisely what CGP does so well, in addition to bringing time-tested products and outcomes-based therapeutic approaches. Working with CGP gives us a significant advantage in the market, as we expect CGPI to emerge as the market leader in India in a relatively short space of time."

Headquartered in Bangalore, India, CGPI will now be able to provide expertise and resources to alleviate the mental and behavioral health issues that have emerged in recent years as a result of the rapid and broad changes sweeping Indian society, beginning with the breaking up of India's long-held "joint family" structure. As an entire generation of employees is leaving their "ancestral" small towns to take jobs in big cities, stress levels have increased, leading to problems with every day coping. This has made India's business leaders more aware of the correlation between mental and physical health and workforce productivity, and the value of culturally-aware programs that address diabetes, substance abuse, obesity, smoking, fatigue, among other issues.

About Chestnut Global Partners India (CGPI)
(a Subsidiary of Chestnut Global Partners, LLC)

Headquartered in Bangalore, India, Chestnut Global Partners India (CGPI) offers a full range of culturally aware employee assistance and related workplace services. CGPI combines traditional EAP with wellness, disability, high risk maternity, employees safety and compliance management programs, designed to promote employee well-being, improve performance and reduce absenteeism.

Chestnut Global Partners, headquartered in Bloomington, IL, provides employee assistance and wellness programs to companies in over 130 countries. Chestnut Global Partners' Division of Commercial Science develops and deploys scientific assessment technologies, outcome measures, and analytical methodologies so that EAPs, wellness companies, disease management entities and purchasers the world over can determine the effects and/or worth of their programs. For more, visit www.chestnutglobalpartners.org.

About Leader Prospects

Leader Prospects India is a leading HR consulting company, focused on the talent requirements of diverse industries. As growth partners for green field organization in India, our services and initiatives are geared towards offering clients cutting edge talent solutions, while building their businesses in India.

Leader Prospects is built on the experience and trust that we share across various industry verticals. Every innovation brings out new roles and responsibilities that need to be fulfilled and we believe that we can do just that for every one of our clients. Our client's profitability is proportional to the value addition that we provide through the best leadership talent in various specializations. For more, visit www.leaderprospects.com.

SOURCE Chestnut Global Partners