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The current economic crisis impacts businesses in many ways. Some companies have made difficult decisions to lay-off employees, others have cut back employee hours, and still others have been forced to shut down operations. These decisions, although necessary at times, impact the morale of employees. One way to help employees cope with employment-related concerns is to offer them an Employee Assistance Program (EAP), a relatively inexpensive employee benefit.
Penn Foundation's EAP program, established in 1981, helps employers and employees manage the workplace experience with customized coaching, counseling, and training. As companies across the region continue to deal with the general economic downturn, now is a good time to review your EAP program and consider how it might help your employees deal with these uncertain times. For more information on Penn Foundation and the EAP program, please contact Karen Williamson at
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or 1-800-245-7366
Here is an article from Meritain Health (http://www.meritain.com) with some very interesting statistics about the increase in EAP use since the economic downturn.
EAPs in an Uncertain Economy
In 2008, the Employee Assistance Society of North America conducted a survey to determine the impact of the current uncertain economy on personal issues affecting employee performance. The results of the survey are striking. Companies with Employee Assistance Programs (EAPs) reported a significant increase in the numbers of employees who needed and were actively seeking EAP services, including:
These and similar issues contribute to increased absenteeism, declining work quality and productivity, employee conflicts, turnover and, ultimately, rising healthcare costs.
EAP Services and Programs
Through EAPs, specialists in mental health and behavioral health provide confidential services to help employees prevent, identify and resolve personal issues affecting their health, quality of life and job performance. A typical EAP would include such programs as:
- Managing stress
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Working through relationship issues
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Balancing work and life
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Quitting tobacco, alcohol or drug use
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Caring for children
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Caring for aging parents
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Dealing with violence
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Working through grief and loss
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Controlling depression and anxiety
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Resolving workplace conflicts
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Dealing with personal financial crises
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Resolving legal issues
Return on Investment
A U.S. Federal Occupational Health study of nearly 60,000 EAP participants demonstrated thatemployers can expect a significant return on their investment in EAPs. Study participants reported an average of 2.37 days of absences or tardiness in the 30 days preceding their participation in an EAP, compared with a decrease to less than 1 day following participation.
Now is the Time
If your company has been delaying implementation or expansion of an EAP, now is the time to take action. As personal distress stemming from unstable financial markets and an uncertain economy affects growing numbers of people, employers without EAPs are missing opportunities to prevent drains on the bottom line and earn positive returns on investment.
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