The $100,000 Question

How much does addiction cost your company?

MATERIAL IMPACT OF ADDICTION

  • Termination, Recruiting, Rehire and Training
  • Production Loss and Workers' Compensation
  • Safety, Litigation and Exposure

TERMINATION, RECRUITING, REHIRE AND TRAINING

  • According to SHRM (Society for HR Management) it takes 42 days to fill open position
    • 1.75x/hr Cost of Open Position
      • Overtime for Coverage
      • Recruiting
      • Interviewing, Selecting, BG check, Two-Week Notice
      • Training
      • Ramp Up

SAMHSA AND CDC ADDICTION DATA

25%

of your workforce are dealing with addiction in some capacity.

15%

of people struggling with addiction will self-report or take FMLA to get treatment.

10%

of your workforce will experience issues with addiction but will not seek help or self-report.

PRACTICAL IMPACT

  • 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

EMPLOYMENT IN RECOVERY

Recovery can significantly improve employees’ performance, attitude, reliability and enthusiasm.

EMPLOYMENT IN ADDICTION RECOVERY

ADDICTION & LEGAL TROUBLES

Addiction-related legal issues can seriously impact candidates’ search for quality employment

ADDICTION & LEGAL TROUBLES