According to a recent Gallup report, absenteeism among employees due to depression costs U.S. employers an estimated $23 billion annually, with more than 18 million full- and part-time employees having been diagnosed. Most employers are well aware that full-time staff members miss almost 10 days per year due to health-related issues. What they may not know is that employees with a history of depression miss almost double than those without. What can employers do to help remedy this growing problem?
Understand the costs associated with employee behavioral issues and how to best manage them.
Beyond depression, employees can have a range of personal and work-related problems that impact their performance. At Stellar, we work with our clients to identify and examine the impact of employee behavioral issues on the bottom-line. We guide clients through risk assessments and potential exposure they may face, and consult on the appropriate steps to avoid potential business-related problems. Moreover, we help companies improve employee performance and overall health.
Stellar supports a number of clients in implementing Preventative Behavioral Healthcare programs. Working with EAP (Employee Assistance Programs) providers, we assist clients in establishing their programs and driving employee utilization. Research shows that EAP programs are highly effective in improving employee well-being and performance. However, ROI on EAP programs can only be realized if employees utilize them. Stellar ensures that clients are implementing proper EAP communications to build awareness of care resources and assists in monitoring employee utilization to maximize the value of care.
From absenteeism to sub-par performance, employees’ personal problems can quickly become a costly problem for any company. Smart companies understand this and implement strategies to make employees more effective, reduce real and potential costs and, most important, offer care that employees may need to lead better, healthier lives.