An EAP is a proven, cost effective solution to many of the problems employers face today. Research shows that each dollar invested in an EAP saves the employer $5.00-$16.00.
At any given time, 20% of the workforce has personal problems that impact their job. According to the National Institute of Mental Health, 30% of all absenteeism and 66% of all terminations are related to employee’s personal problems. Troubled employees are 25% less productive than the average worker.
EAPs can reduce sick leave usage by 33%, work related accidents by 65%, workers’ compensation claims by 30%, lost time by 40%, grievances by 50%, and time spent on supervisor reprimands by 74%.
Offering EAP services not only demonstrates that the employer is concerned about the well-being of its employees, plus it increases workplace productivity. As well a Cornell University study involving the “100 Best” companies found that generous EAP benefits were linked with happier, hard-working employees, customers who received better quality products and enhanced services, and an improved bottom line.
*According to the Fortune 500 list, more than half of the largest industries have Employee Assistance Programs.