For Employers
Why Your Company Should Provide an EAP
All employees experience problems in their lives. It is a fact of nature. Even getting a promotion, having a baby, getting married and adult children leaving home can cause unexpected stress. Personal problems are not always left at home.
Employees often shoulder invisible burdens that threaten both their well-being and the organization they represent. Employees who are not working at their top effectiveness are affecting your company's bottom line.
The Hidden Costs of Mental Health issues in the Workplace
According to the Forbes article, “The Cost of Ignoring Mental Health in the Workplace,” mental health and substance abuse cost U.S. businesses between $80 and $100 billion annually. Another study showed that serious mental illness costs America up to $193.2 billion in lost earnings per year.
Depression is thought to count for up to 400 million lost work days annually.
Providing an EAP for your employees can help your company mitigate the costs to your organization and contribute to a caring atmosphere for your employees.
How Your Company Benefits from an EAP
An EAP service helps managers and supervisors effectively address employee productivity and job performance issues. An EAPservice positively impacts the company's bottom line by helping to reduce:
- Workplace violence
- Use of medical and behavioral health benefits
- On-the-job accidents
- Workers compensation and disability claims
- Disciplinary action
- Exposure to litigation
- Turnover and retraining costs
In addition, an EAP:
- Provides for both mandatory and non-mandatory training
- Assists Human Resources in dealing with employee problems
- Improves employee morale
- Helps manage unexpected events and crises
- Provides management consultations
