Employee Assistance Program Benefits
An Employee Assistance Program is an employer-sponsered employee benefit that offers a range of beneficial services to employees, including:
- Mental Health and Substance Abuse Counseling – These types of programs provide an assessment of an employee’s personal circumstances and can deliver short-term counseling. If more is needed, the employee can be referred to an outside provider. Help can be provided for marital problems, divorce, family issues, depression, work stress, substance abuse and more.
- Child-Care Resources – Many employees need a day-care backup plan for when kids are sick or out of school. Child-care referrals can be provided to parents by an Employee Assistance Program.
- Elder Care Assistance – This type of referral service can point employees to resources and services for older adults, including finding in-home caregivers and help navigating Medicare and Medicaid services.
- Financial Counseling – While this type of program does not provide strategic advice about investments, it does provide education to help increase financial literacy.
These are just a few of the benefits you and your employees can gain access to when you offer an Employee Assistance Program.
Why Aren’t Employee Assistance Programs Utilized More?
Although these great services are widely available to many employees, it is estimated that just 4 to 6 percent of people with access actually take advantage of them. That is most likely because employees do not know what programs are offered. There can also be a stigma associated with using programs through an Employee Assistance Program. Some employees feel that the Employee Assistance Program is where you go when you have done something wrong. However, statistics show that these types of programs offer many benefits. Research conducted reveals that such programs can reduce employee absenteeism from work by half by increasing employee well-being. As a result, employers save money.
Another major concern for employees is confidentiality. Few workers want to share their problems with their boss or co-workers. As a result, many may choose not to seek help. Some employees fear that their personal information will fall into the wrong hands and it could hurt their chances for a raise or a promotion. While employers can request reports from Employee Assistance Programs, they can only receive information on how much the service is being used and for what purpose. They will not receive information that identifies the individuals who use the services.
Optimum Employer Solutions’ Employee Assistance Program
Optimum Employer Solutions is a human resources outsourcing company that offers small to midsize businesses help with managing their employer obligations. Our company offers many benefits to employees and the employer. We work one-on-one with employers to evaluate all business needs and customize an HR program to meet these requirements. By taking advantage of our services, employers can reduce overhead, focus on core business tasks, and ensure compliance.
Our buying power also allows employers to offer employees better benefits, which really benefits everyone. This is achieved through co-employment. When an employer signs on with Optimum, we as the PEO are responsible for handling IRS, Social Security, unemployment requirements, and more. Optimum will essentially become the administrative employer of record as it relates to W-2s, payroll taxes, compliance and regulatory matters. By being a part of the Optimum network, the business’ employees are counted as our employees, offering them access to benefits that are normally reserved for large companies with many employees.
For further assistance,
When you sign on with Optimum, you will receive many benefits, from cost savings to expertise on taxes, workers’ compensation, and payroll. Our services are sure to keep you and your employees happy. Reach out to us today at 949-650-7800 to speak to a representative about partnering with us.