Should You Offer Your Employees An EAP?

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Should You Offer Your Employees An EAP?
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• Employee Assistance Programs, or EAPs, are
  confidential workplace services paid for by
  employers that help their staff deal with a
  variety of stressors that may affect their daily
  performance and/or physical and mental wellbeing.
  Problems within the family, worries about money
  or relationship struggles can all have a
  detrimental effect upon employees and their
  ability to perform in a productive manner within
  the workplace, and over time, such concerns can
  have a very real impact upon a company.

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• How could an EAP help your employees?
• When you give your employees a confidential place
  to go to if theyre experiencing issues in their
  life that theyre struggling to deal with, youre
  not only helping them as individuals, but youre
  helping them to become better workers for you and
  your company. A productive employee is a
  contented one, and the minute they become
  discontented, productivity levels can quickly
  plummet.

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• How do EAPs work?
• Counselors from outside of the company are
  provided for employees as part of an EAP, along
  with resources and referrals to help both them
  and their family members. While the employer pays
  for this service for their workers, they are
  never made privy to any of the conversations that
  occur between employee and counsellor.
• If an employee is experiencing an issue that is
  affecting them in any area of their life, they
  can call a helpline and receive help right away
  from a professional counsellor. Some issues that
  an employee might be struggling to cope with
  include conflicts with a co-worker, addiction
  (whether it be drugs, alcohol, gambling etc),
  mental illness, marital problems and so on.

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• Most EAPs offer up to 3 counselling sessions
  that are free for the employee, so that the
  counsellor can thoroughly assess the individual
  and make an appropriate referral.
• Do many companies offer EAPs?
• In general, those companies who employ 25 people
  or less wont offer EAPs due to cost
  limitations, and some smaller companies who dont
  outsource HR may not even have heard of EAPs.
  However, of medium and large sized businesses, up
  to 77 currently offer an EAP.

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• What is the average cost of an EAP?
• While prices may vary depending upon where your
  business is located, and whether its a
  pay-per-use or fixed rate program, offering an
  EAP should cost around 35 per employee. As an
  employer you could be looking to spend anything
  from 10 to 100 per year, per employee.
• Should you be offering your employees an EAP?
• The statistics have repeatedly shown that
  offering an EAP to employees is a sound
  investment for any business, irrespective of
  size for every dollar spent on an EAP, the
  business stands to make around 3.

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• Your business could be at risk of losing
  thousands of dollars a year from poor
  productivity and turnover, if you dont offer
  your employees an EAP, so if youd like to know
  more about boosting your businesses bottom line,
  consult with your local HR specialists today.
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