Employee Assistance Program- Key Benefits
EAP is a program that is provided to the employee of a company for free. it is meant to address different personal issues that can distract the performance of the work. Financial problem, marital affairs, children who are out of control, health issues, and drug abuse are some of the most common problems that affect the employee. The following are the main benefit of the employee assistance program.
The most significant benefit of the employee assistance program is increased productivity. When the employees are stressed by personal issues, they tend to be distracted. Their creativity will also be low. You are going to realize that your staffs will start to utilize their sick days more than usual. For your company, absentees will have adverse effects. Research shows that companies that do not have the EAP tend to lose millions of dollars in years. The productivity of the company will significantly increase due to the employee assistance program. Consequently, there will be a reduction of the time wastage and reduction in the sick leave.
Another significant benefits of the employee assistance program is that is cheap for the company to implement. Approximately, you are going to spend between 40 and 60 dollars on every employee. That will be affordable as it less than what the company pay for the health insurance. Make sure that your staffs understand the existence and importance of the employee assistance program. Otherwise, the program will rarely be used by the employees.
The company is going to save a lot of money. Many companies in the world spend a substantial amount of money on the health of the employees. If you are not addressing the mental issues of your staffs, you are going to spend a lot of money on their health. You will see an increase in the investment upon the implementation of the EAP. Low usage of medical insurance, low healthcare cost, and less absenteeism are the main benefits of the EAP program.
One more benefits of the employee assistance program are that it helps in creating a positive work environment. Poor performance and absenteeism from work are the most common effect of stress. It is not only a single employee that will be affected but the entire workforce. A stressed person will be argumentative, less talkative, and defensive at the place of work. All the personal concerns of the employees will be address when you implement the employee assistance program. When there is an improvement of the employee, a positive working environment will be seen.
EAP service is provided by many companies. internet is an excellent place where you can find an EAP provider. It is essential to make sure that you have studied your preferred service provider. click here to learn more about the lifeworks EAP.