What You Need to Know About the Employee Assistance Program?

What You Need to Know About the Employee Assistance Program

Research in the field of Industrial and Organizational Psychology shows that the sustainability of organizations’ profitability largely depends on employees’ performance and productivity.

The most important factors affecting employee performance and productivity include presenteeism, absenteeism, work-related stress, job engagement, and life satisfaction.

According to reports, when a single employee performs below their capacity, it can result in a financial loss equivalent to 400% of that employee’s annual salary for the organization (CVCheck Report, 2017). The Employee Assistance Program helps organizations minimize financial losses caused by reduced employee performance through the services it provides.

Presenteeism: Presenteeism refers to a situation in which an employee is physically present at work but performs below capacity due to health or personal problems. In organizations offering Employee Assistance Programs, presenteeism is reduced by 50%.

Absenteeism: Absenteeism refers to frequent absence from work, late arrivals, or inability to attend work due to personal or physical difficulties. In organizations offering Employee Assistance Programs, absenteeism is reduced by 58%.

Workplace Stress

Workplace stress refers to reactions such as stress, depression, and burnout arising from workplace conditions or job demands. In organizations offering Employee Assistance Programs, workplace stress is reduced by 41%.

Job Engagement

Job engagement refers to employees’ motivation, passion, and energetic commitment to their responsibilities. In organizations offering Employee Assistance Programs, job engagement increases by 28%.

Life Satisfaction

Life satisfaction refers to maintaining a healthy balance between work and personal life, ensuring that an employee’s private life is also going well. In organizations offering Employee Assistance Programs, life satisfaction increases by 57%.