Why commit to an Employee Assistance Program?
The wellbeing of an employee is the key factor for the success of your company. We offer a complex support for your employees.
The EAP (Employee Assistance Program) designed by our expert team addresses the conditions that hinder the wellbeing and work performance of your employee. We discovered some of the most common factors that decrease the work performance such as: indefinite stress that leads to burnout, personal or family issues that cannot be shared or lack of appreciation and self-confidence. The EAP helps solve all these issues and more through detailed counselling, effective support and positive methods. Enrolling your employees, regardless of company hierarchy, in an EAP gives you a powerful boost that creates a stress-free working environment, increases work performance and therefore improves the profit of your business.
What does EAP for your business?
- Provides confidential support;
- Reduces absenteeism and low performance scores;
- Decreases turnover among employees;
- Creates a productive and pleasant environment;
Even though EAPs focus on the wellbeing of the employee, the results are beneficial for the employer, as well. There are clear ways in which a company profits by providing employees access to an EAP.
How can employers benefit from EAPs?
In general, Employee Assistance Programs are a cost-effective solution to a health insurance plan. An EAP minimizes the costs of health insurance since it provides the immediate health attention to employees dealing with stress-related illnesses such as: liver conditions, improper sleeping patterns, anxiety or depression. Moreover, the growth and success of a business highly depends on the performance of employees. Most employees cannot deliver a high work performance because of ill conditions sourcing from mental health. Anxiety and depression are the most common issues of employees; they are also the main reasons why an employee quits the job, goes on multiple absence leaves, cannot respect deadlines or makes multiple mistakes. Moreover, when we think about the old saying “Healthy mind, healthy body”, we realize that mental instability (anxiety, depression, insomnia) generate body illnesses that require a long-time rest, intensive therapy or hospitalization. A prolonged rest from work ultimately costs your company.
However, companies are reluctant to invest in an EAP complaining about a low ROI Delivery. Studies show the contrary. An EAP program scores a positive Return on Investment delivery because it improves more than one branches of a business.
EAP’s Positive ROI Delivery
The Employee Assistance Program has three main financial benefits for a company.
1. Health Care Extensive Solution
When it comes to illnesses or conditions that create stigma among personnel, the majority of employees are embarrassed or too troubled to look for health. The EAP doesn’t only address common issues such as anxiety, depression or insomnia; it also deals with personal issues such as abuses, critical incidents, illegal substance dependency or alcoholism. The EAP for Australian employers includes workers’ compensation and salary continuity, hence important insurance savings.
2. Human Resource Improvement
The EAP brings a positive ROI because it reduces turnover and absenteeism by improving the morale and therefore physical health of the employee. A happy employee means a better performance and increase in business profit – this is a universal known fact in the business world. An employee with peace of mind and a stress-free control gets more involved in the business processes and engages successfully in delivering a high-quality work.
3. Increased Company Savings
Studies show a clear ROI of 5 to 10 more times return on investment because the EAP offers saved costs that are usually required by safety risks, legal claims and employee’s complaints. Proving employee concern and care with the help of a professional EAP brings the company an important financial benefit. The EAP ensures the wellbeing and optimal functioning of the employee; therefore, it guarantees a positive business process within the company.
Positive Employee Statistics
Business studies ran in the recent years to prove the benefits of an EAP show significant improvement in the personal wellbeing of the employee, as well as in work performance. Employees attending an EAP showed an over 80% improvement in emotional stability which influenced a 50% work improvement and a 45% growth in life management. Also, their physical health increased with over 25%.
Outcomes and Precedents of EAPs
In the recent years, the business sector was confronted with the need to revolutionize processes because it began to decrease in revenue or worse, stagnate. A driving factor for change was the shift in customer service from product quality/quantity to customer-employee relationship. Companies started to invest in mass trainings without paying attention to the employee’s wellbeing; this resulted in wasted investment and poor work performance. On top of this required shift in customer service, the global economic crisis shook the business sector one more time. It became even clearer that the success of a company depends on the employee’s wellbeing.
Over 60% of employees working in Australia are concerned about paying their bills and the decrease in their retirement investment. This added stress for the employees creates a weak immune system (here, referring to both the human immune system and a company’s evolution). Governments ask the business sector to pay more attention to the quality of life they offer employees to support the health and educational systems. The International Associations of business partners encourage companies, regardless of size to invest more in the wellbeing of their employees to secure a long-term economic growth.
Therefore, companies have started to invest more and more in EAPs to help employees endure stressful times, reduce turnover and decrease absenteeism. When looking at the personal and work problems an employee must withstand daily from a family crisis to work bullying or seasonal sickness, it is common sense that companies are obliged to care for their employees and support a positive work performance.
The right decision for a company that targets success is to enrol employees in an EAP as soon as possible. This is the new cost-effective solution for a strong business environment and a healthy community.