Attract new talent with EAPs
In 2017, the U.S. Department of Labor estimated that almost 3% of an average employer’s workforce was absent on any given workday. Of the employees who are at work, many are struggling to stay engaged and productive because of a wide range of personal issues, from challenges with finding childcare to grief over the loss of a loved one.
On top of those concerns, the pandemic has created a well-documented mental health crisis, with millions more people struggling with anxiety, depression, and other mental health concerns.
Especially during this turbulent time, to attract and retain top talent, and to help employees be less anxious and more productive while on the job, many businesses are offering generous employee assistance programs, or EAPs.
A smart way to attract and keep talent
Offering a wide range of resources to help employees through their life challenges can help restore employees’ health and well-being.
EAPs can also help businesses by reducing the employee’s stress and distractions, thereby increasing the number of days they’re able to work and their daily productivity. For businesses, additional benefits of EAPs include:
- Better retention rates, leading to lower hiring and training costs
- Fewer accidents and workers’ compensation claims
- Higher productivity
- Lower medical costs
How EAPs work
Most EAPs provide free and unlimited counseling for a variety of professional and personal life issues, including offering support for employees who are facing mental health challenges, as well as those struggling with issues related to relationships, financial and legal concerns, substance abuse, and more.
Employers usually fund EAPs, and costs can be fixed or by usage. Services can be provided in a variety of ways, including online, by telephone, on-site, or in offsite locations. In addition to offering counseling services, EAPs typically provide referrals to attorneys, therapists, and other professionals.
It’s important to select an experienced EAP provider, select the right plan for your business, and communicate to employees all the benefits available to them through the plan. Once implemented, you’ll also want to obtain a report on EAP usage through your provider, so you can verify whether you’re getting the best value possible with a fixed-fee or per-use option.
Get assistance with attracting new talent
Insero Talent Solutions can help you attract new talent as well as implement strategies like EAPs to retain that talent. We work with you to reach your immediate and long-term staffing goals. Our team is highly motivated, well networked, can recognize talent, and most importantly we deliver results.