Every organization wants to foster the growth and value of its assets. That’s just good business. But many companies overlook the importance of nurturing their most valuable resource—the men and women who work in their organizations.
Today’s workforce is feeling more pressure and stress than ever before. And it shows—in escalating problems like substance abuse, depression and family violence.
The facts speak for themselves:
- 68 percent of Americans don’t know how to find the help they need.
- 84 percent worry about the cost.
- Absenteeism costs up to $668 per employee per year.
- A company spends from $10,000 to $30,000 to replace an employee.
- Substance abuse and mental illness cost society more than cancer, heart disease, respiratory disease and AIDS combined.
Nationwide, these problems cost companies billions of dollars—in medical expenses and lost productivity. But there is an answer: Our Employee Assistance Program addresses this critical need with a solution that can result in drastic improvements in employee satisfaction and cost savings.
The EAP concept
An Employee Assistance Program, or EAP, is an employer-sponsored, workplace-based program for both employees and managers. EAP services are designed to help identify and resolve behavioral health issues that may adversely affect employee well-being, performance and productivity. ETMC Behavioral Health offers one of the most comprehensive EAPs available, one that’s backed by the resources of our respected mental healthcare system.
Savings through satisfaction
Our EAP is a low-cost, employer-sponsored program with potentially enormous impact. In fact, the program could easily pay for itself in the first year. The key to the success of our EAP is simple: Employee health and well-being is directly tied to job performance and productivity. For every dollar invested in an EAP, studies have shown that employers generally save anywhere from $7 to $13.
Employees who get help solving personal, work and family problems tend to feel better about their employer—and themselves. They are more motivated, dedicated and effective, by as much as 68 percent, according to some studies. Employees also feel greater loyalty to companies that are willing to help them with personal problems.
Employees experiencing conflict between work and family demands are three times more likely to consider quitting. In fact, top performers rate a balance between work and family life as the second most important factor in their decision to stay with or leave a company. Our EAP can help employees establish the needed balance in their lives. The result is a reduction in both turnover and absenteeism. EAPs have been shown to decrease turnover by as much as 35 percent and absenteeism by 59 percent.