How EAP Can Help Your Business Succeed?
Firstly, let’s take a look at what EAP is and what it means; EAP is short for Employee Assistance Program, and allows employees, businesses, corporations and SMEs to award their workforce for a job well done. In the old days it was a case of “a little extra” in the wage packet at the end of the week, but in modern-times with payroll dealt digitally and automatically this is now a thing of the past. Where EAP comes into effect is the fact you can instantly allocate gifts and rewards to your employees, and you can even gift to potential clients, existing clients and third-parties as a way of saying thank you. As well as the rewards portion of an EAP this goes much further with the ability to offer additional help to employees, this can be in the form of 24/7 medical consultation, discounted health insurance, even providing online therapy and counselling for your employees to help them deal with such issues as stress or anxiety. In fact, there are many benefits to aligning your business with an EAP for your staff and teams, and these additional benefits not only add value, but worth to your workforce.
How To Use an Employee Assistance Program.
One of the key ways of using an Employee Assistance Program (EAP) is to ensure you are providing additional benefits that your employees will use and are of value. For instance, access to online therapy can ensure that your employees well-being and mindfulness are taken care of, the result of this in the long-term is the reduction of absence and sick leave, ensuring that your business is not losing money through people taking time off. Employees can access a wide variety of employee benefits as well as access to extended rewards such as exclusive deals for holidays and breaks, at a price normally only accessed by paying a small fortune to be in a holiday club and not available to the general public. When integrating an EAP into your business, it is important to see what value and worth your employees can gain from it and maximise the potential of the awards and assistance they can gain.
So How Can an EAP Add Success to Your Business?
Using an Employee Awards Program effectively will see a reduction of time-off and sickness, it will also give your employees a feeling of self-worth, both these factors will have a direct impact on their productivity which in turn equates to more profitability. Taking care of your employee’s needs as well as delivering a program that offers multiple benefits will increase your productivity, help your business reach its goals and become more successful over the long-term.
What are Key Benefits of an EAP?
To summarise, Employee Assistance Program Benefits include, but not limited to online therapy and well-being mentoring which reduces work disruption, enhanced productivity and increased attendance therefore improving productivity, cost reductions in healthcare benefits, improved employee retention leading to a more positive supportive work environment, and these all lead to an overall better and experienced workforce that will drive your business forward.