The ROI on Workforce Mental Health

The ROI on Workforce Mental Health: Seven Ways Employee Assistance Programs Can Improve Your Organization’s Bottom Line

In today’s fast-paced and taxing work environments, employees often face a myriad of stressors and challenges that can affect their mental health. Left unaddressed, these issues can be costly to an organization, resulting in higher turnover rates, increased healthcare costs and legal liabilities.

One resourceful way organizations are managing these issues is through adding direct mental health resources, such as Employee Assistance Programs (EAPs), counseling services and mental health awareness training, to their organization’s channel of benefits.

Moreover, EAPs serve as a comprehensive care option, providing employees with resources to address personal challenges, mental health issues, and work-related stressors, fostering a supportive environment that prioritizes employee well-being.

To further validate the economic benefit of EAPs, The National Safety Council found that for every $1 invested in employee mental health support, organizations saw a return of $4 through reduced absenteeism and increased productivity. With this investment, organizations are seeing a significant benefit through the following workforce objectives:

1. Reduced Absenteeism

EAPs provide employees with resources to address both personal and professional issues such as mental health concerns, substance abuse, and financial or family problems. By addressing this early on, EAPs can help reduce absenteeism related to these issues, leading to increased productivity.

2. Increased Productivity

When employees have access to support services through an EAP, they are better equipped to manage stress and address personal challenges that may affect their work performance. As a result, productivity levels may increase, contributing to the organization’s bottom line.

3. Lower Turnover Rates

Employees are more likely to stay with an employer that demonstrates care for their well-being and provides resources to support them through difficult times. Utilizing assistance programs can help improve employee satisfaction and retention, reducing the costs associated with recruiting, hiring, and training new employees.

4. Healthcare Cost Savings

By addressing mental health issues and providing early intervention through an EAP, organizations may reduce healthcare costs associated with untreated mental health conditions, substance abuse, and other health-related issues.

5. Improved Employee Morale and Engagement

Offering support services like an EAP can improve employee morale and foster a positive work environment. When employees feel supported and valued, they are more likely to be engaged in their work, leading to higher levels of productivity and performance.

6. Risk Mitigation

EAPs can help organizations mitigate risks related to workplace conflicts, harassment, and legal issues by providing resources and support for employees facing challenges in these areas. Addressing these issues proactively can help prevent costly legal disputes and damage to the organization’s reputation.

7. Enhanced Organizational Reputation

Organizations that prioritize employee well-being and offer comprehensive support services often gain a positive reputation among candidates and stakeholders. This can attract top talent, improve customer perception, and positively contribute to the organization’s bottom line.

Overall, investing in an EAP can provide significant returns for organizations by improving employee well-being, productivity, and retention, while also reducing costs associated with absenteeism, turnover, and healthcare expenses.

At Uprise Health we are driven to providing essential resources to ensure a mentally healthy workforce. Our industry-leading solution is designed to improve your employees’ wellbeing, engagement, and workplace productivity. To request a demo, please click the following link: https://uprisehealth.com/request-a-demo/.