Employers need to amass a talent management strategy that includes worker retention and development, and we can help.
With 70 percent of the workforce at some stage of a pre-crisis, the amount of lost revenue to a company is shocking. This is an area that has been untouched by companies for no other reason than not realizing how much money is being left on the table, the lack of available research, or sufficiently trained providers.
Insurance companies offer Employee Assistance Programs, but those are reactive instead of proactive. Said differently, EAPs are helpful once an employer has a drinking problem or has attempted suicide. By that time, the company suffers maximum losses. We need our insurance companies, but another issue is they recognize standard treatment approaches like counselors and the like. That is not a problem as a whole, but these specialists work on individual behaviors and change rather than collective or issue based problems.
Consider these ideas and costs as an example:
- Divorce is a seven-year event, with 70 percent of your workforce at one stage or another at any given time. The divorce of a 60,000 dollar employee is estimated to cost the employer more than 85,000 dollars in lost productivity. This does not include the cost of mistakes.
- Depression is on the rise for adults and teens. The signs show up in activities like sleeplessness, trouble concentrating, and poor appetite. Prescriptions for depression has doubled since the 80s. All this illustrates a breakdown in performance and gain.
- A single suicide will cost approximately $1.1 million in medical expenses. That means the U.S. saves 1.1 million for each person saved from suicide.
- The workplace is losing their skilled workforce at crisis level. The up and coming digital natives have evolved socially, from a distance, making work hardening training essential for everyone to win.
- One in 10 women, or 10 percent of women, between the ages of 45 to 64 provide significant parental care to an aging parent (financial, housing, physical care). A significant percentage are caring for both children in the home and aging parents – outside of work hours.
- 44 percent of homeless people are employed, but the don’t have enough to be self sustaining.
Other ways production and revenue are impacted:
- Teenage runaways
- Working multiple jobs
- Family emergencies
- Relationship confusions
We can help you find the evaporated earnings.
The Karleen Andresen organization offers a company the training alternative that has been lacking in the business arena. Our methods have a high success rate for change that impacts performance that touch both work and home results.
We offer half day or full day immersion simulation programs that walks leaders through the natural evolution of how crisis reveals itself inside their organizations and what they can do about it. From there, you can create the changes you need.
Your next step is to hit the homepage and schedule a phone conference/discovery call at no cost to you.