According to the US Department of Labor, Employee Assistance Programs, if used to their full advantage, can be a tremendous cost savings to employers…as much as $5 to $16 in health care savings for every $1 spent on EAP services.
The effects of a comprehensive EAP can be seen in reductions in employee turnover rates and the accompanying costs of recruiting, retraining and loss of intellectual capital and experience. In addition, EAPs serve as an important piece of absence management programs, not only by providing early intervention into employee problems with such issues as depression, stress and substance abuse, but in helping decrease the incidence of workplace accidents and the accompanying workers compensation claims. EAPs have proven effective in shortening disability durations and have resulted in higher productivity upon return to work. EAPs also have an impact on the incidence of violence in the workplace by training employers to recognize warning signs; it is much easier to detect and defuse a threat of violence before it escalates into a violent act.
The compiled statistics below provide an overview of the frequency of some of the issues commonly handled by Employee Assistance Programs and the associated costs.
STRESS & TURNOVER
STRESS & VIOLENCE
FIRSTCALL Employee Assistance Program partners with employers and human resources managers to work together on issues dealing with behavioral risk management, training and education, policy development, conflict in the workplace, and managerial support.
Contact us for more information on the benefits of an Employee Assistance Program for your organization. Call 484.337.4411 or Email the Director of Business Development.
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FIRSTCALL Employee Assistance Program 1-800-382-2377
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