Your organization's most valuable assets are your employees. When your employees have personal problems it affects job performance, which affects your business in many ways. Troubled employees cost U.S. companies over $150 billion dollars each year in direct and hidden costs.
Problems such as:
• Low morale
• Poor work quality
• Employee Grievances & Conflicts
Depression is the number one cause of lost productivity in the work place. Studies have found that one in 20 employees (5%) are clinically depressed at a cost of $3,000 per employee per year.
Workplace Performance Facts:
One million employees in the U.S. are absent daily due to stress and stress–related conditions.
Substance abuse costs over $100 billion in lost productivity annually.
Up to 68% of all workers will, at some time, experience workplace problems severe enough to prevent them from coping with day–to–day duties.
Unmanaged stress can result in customer service problems, errors in judgement, diminished productivity, employee turnover, and direct medical, legal and insurance fees.
EAP's Proven Cost Effectiveness
Today over 25,000 companies (including most Fortune 500 companies) have implemented EAP's. These companies report their EAP has lowered the cost of doing business while helping and keeping their most valuable asset – employees. Highly respected studies indicate that EAP's are extremely cost–effective. The average cost of an EAP is under $3 per employee per month. For every dollar invested, companies can expect
a $5 to $16 return.
Increase Your Productivity & Employee Performance With Cascade EAP Services!