WHY AN EAP?
Because it shows your employees that you care about them and want them to enjoy a benefit common to larger organizations.
Does your business have 2-50 employees? Visit ThriveWithBalance.com to learn more about our EAP product for small businesses.
Fast Facts
- 90% of Fortune 500 companies participate in an EAP.
- Only 9% of companies with less than 50 participate in an EAP.
- The U.S. Dept. of Health and Human Services found that companies with EAPs have a 21% lower absenteeism rate and a 14% higher productivity rate.
- According to a Federal Occupational Health study of more than 60,000 workers, people who reported a great amount of difficulty completing their daily work because of emotional problems showed a 73% productivity improvement rate after using EAP services.
- A Virgin Healthmiles/Workforce survey found that about 87% of employees said they consider health and wellness offerings when choosing an employer.
What our small business owners say
- Mike: We can continue to throw money at our people but the opportunity to offer a benefit that larger groups have, makes us competitive for talent.
- Jack: People walk in my door with their problems and now I have someone they can call.
- Karen: It’s a challenge to provide employee benefits when you’re a small business owner.
It is estimated that twenty percent of a workforce at any one time is experiencing personal problems. In fact two-thirds of U.S. workers who call in sick at the last minute do so for reasons other than physical illness…taking time off to deal with personal or family issues (2007 CCH Unscheduled Absence Survey).
By providing resources for employees to better manage their personal lives and stay focused on their jobs you can positively impact your business’s bottom line. EAPs have been proven to increase productivity and reduce employee related expenses. After all, if you have four employees and one is disengaged, that’s 25% of your workforce.