EAP Services

EAP Facts

Opportunities For Savings/Return On Investment

Horizon understands that today’s organizations face a variety of challenges. Corporate downsizing, tight budgets and rising healthcare and prescription drug costs are concerns for all organizations in this current economic climate. Many organizations struggle with how to maximize allocated budgets to ensure they greatest return on money invested. As an indispensable resource, employees are a priority when deciding where to spend money to realize the greatest possible return on organizational commitments.

To understand where EAP services can save you money, consider the following: employees and their families who use their EAP benefits have lower average healthcare costs than non-users.

In today’s work environment, implementing an EAP solution is a wise investment. According to Business Insurance, the benefits of EAPs are many:

  • 44% reduction in absenteeism
  • 35% reduction in substance abuse healthcare costs
  • 30% lower employee turnover rate
  • A reduction in the amount of days lost due to disability and a lower incident of long-term disability

An effective Employee Assistance Program, complemented by WorkLife services, improves an organization’s workforce value over six specific areas:

  • Increased productivity
  • Improved employee recruitment and retention
  • Decreased absenteeism and turnover
  • Decreased incidents/accidents in the workplace
  • Decreased psychiatric disability costs
  • Decreased medical plan premiums

Money distributed to Employee Assistance Program services can be considered money well spent in view of the returns.