EMPLOYEE ASSISTANCE PROGRAMS
An Employee Assistance Program provides employees with a multitude of counseling services and resources to help relieve stress from work, family, legal or financial related issues. There a number of considerable benefits to offering an Employee Assistance Program for your staff:
| Competitive Advantage |
The reduction of stress will enable your staff to be more courteous, creative, and focused on the job at hand. This will give your company a significant advantage in today's competitive and rapidly changing market. |
| Absenteeism |
Studies have shown that 15% of the work-force causes 90% of absenteeism. Emotional factors account for 61% of time lost through absenteeism. Statistics Canada reports that the typical employee is absent 8 days per year, and that companies spend 5.6% of their payroll on absenteeism. |
| Productivity |
The Canadian Mental Health Association estimates that 10% to 15% of employees have severe personal problems. The work performance of these employees is at least 35% below normal.
The reduced productivity of troubled employees costs companies 3.5% to 5% of payroll. Moreover, an employee with problems disrupts the working environment of others. |
| Turnover |
Only 15% of terminations are the result of an employee’s inability to perform their job function. Personal and interpersonal factors account for 65% to 80% of all terminations. The EAP helps employees resolve personal and interpersonal problems before termination is necessary. |
| Disability |
Stress contributes to 85% of accidents. An EAP will reduce the stress of your work-force, resulting in decreased disability claims and rates of group benefits plan. |
