The $100,000 Question
How much does addiction cost your company?
Addiction may be costing your company more than you realize, but investing in your employees’ recovery generally makes much smarter financial sense compared to outright termination. Do the math below to see how much your company can save by sending your employee to treatment.
Rehire cost is $5k in lost production (Based on $74k avg salary)
1.75x/hr Cost of Open Position
Loyal Employee, Increased Production, Fewer Missed Days, Increased Customer Satisfaction
Annual cost is $.25M per five thousand employees
Employee Termination
Replacing staff is at a cost of $22,638 (Based on $74k avg salary)
1.75x factor of overtime, lost production and training over 42 days
50% of those individuals re-enter in same industry
Annual Cost is $1.1M per five thousand employees