How Employee Assistance Programs Are Beneficial to Your Business

It’s no surprise that ensuring employees are happy at work is one of the most important jobs for any employer. Happy, fulfilled and engaged employees create positive and productive work environments that allow for everyone to thrive while working together toward a common goal.

However, there are times when personal problems may prevent employees from doing their best work. This may lead to a reduction in productivity and focus, and can negatively impact the rest of the team. To properly address this, many employers have recognized the benefits of Employee Assistance Programs in helping keep their teams healthy and happy.

An EAP is a workplace wellness program designed to boost your employees’ performance by proactively helping them resolve personal issues. This program offers confidential and short-term support that assists with a variety of issues, including financial, legal, physical and mental health.

Although EAPs are often used for mental health counselling, they can also support your employees in a variety of other ways, such as helping them with:

  • Childcare
  • Elder care
  • Pet sitting
  • Buying a home for the first time

These benefits and services are also often available for each employee’s dependents, spouse, and extended family.

Studies on workplaces have shown that job stress is increasing at an alarming rate. Ongoing stress leads to exhaustion and apathy, often resulting in a lack of productivity and psychological burnout. EAPs can help prevent this, by providing employees critical support before their stress snowballs into a crisis.

Let’s take a look at some key employee assistance program benefits.

5 Essential Benefits of Workplace EAPs

  1. Lead to Increased Productivity

When employees are distracted by personal problems, they become less motivated and creative at work. They may also start to use more sick days in an effort to cope. Needless to say, these absences can have serious consequences. EAP’s can help increase productivity, reduce sick leave usage and reduce the number of work-related incidents.

  1. Affordable for Employers to Implement

One of the major benefits of employee assistance programs is that they are surprisingly affordable and cost less to employers than health insurance!

It is important for all employees and HR departments to keep communicating regarding the availability of EAP programs to keep it top of mind for employees. If you don’t, the likelihood that they will use it decreases significantly.

  1. Help Businesses Save Money 

Did you know that mental health issues alone can be costly to an employer? Investing in an EAP leads to reduced healthcare costs, lower medical insurance usage, fewer disability claims and fewer absences.

  1. Encourage a positive work environment

Stress-caused issues such as absenteeism, decreased performance and health problems affect not only one person but the overall work force.

An EAP can help a troubled employee by providing support as well as an outlet to discuss their issues.  As a result, the employee experiences an improvement in stress-levels, which will positively affect co-workers.

  1. Lead to Increased Employee Retention

A positive work environment is a key factor in employee retention. An EAP helps keep employees productive, present and happier while on the job.

Furthermore, this program is especially useful in attracting and retaining millennial employees.

In general, millennials are less hesitant to reach out for help regarding mental health issues, and are therefore more likely to appreciate and make use of an employee assistance program.

The Bottom Line?

The psychological and financial costs of stress and mental health issues can have a significant impact on businesses. Now, more than ever, employers have a responsibility to support employees and contribute to their wellbeing.

Don’t hesitate to include an EAP in your employee benefits offering.

It costs little to implement, and provides significant gains for your employees while helping to boost your bottom line. This vital program can go a long way in creating a happy, strong, and productive team.

An EAP can be an integral part of a complete employee wellness program. Ready to learn more about how employee wellness is good for business? Give us a call at 303-721-1145 today to see how we can help.