EMPLOYEE ASSISTANCE PROGRAM (EAP)

Why it matters to invest in EAP ?

In 2022, Deloitte Touche Tohmatsu India LLP (DTTILLP) published a report titled “Mental health and well-being in the workplace”. It estimated that poor mental health amongst employees costs Indian employers around US$14 billion yearly, says Deloitte’s Mental Health Survey (Link). The report suggested that the costs of poor mental health can be broken down into: 

  • Absenteeism: Around Rs 14,000 crore (~$1.9 billion) 
  • Presenteeism: Around Rs 51,000 crore (~$6.6 billion) 
  • Employee turnover: Around Rs 45,000 crore (~$5.9 billion) 

Growth is a necessity, but it comes at the expense of increased workplace stress which affects leaders’ and teams’ & slows them down with burnout.  We at Catalyst Psyche Inc, can assist you and your team in managing the employee mental health so that your organization can actively stay on growth trajectory.