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.

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Photo by Rodeo Project Management Software
Photo by Lukasz Radziejewski

MATERIAL IMPACT OF ADDICTION

Termination, Recruiting, Rehire and Training

Production Loss and Workers' Compensation

Safety, Litigation and Exposure

Photo by Magnet.me

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

Photo by Terricks Noah

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.

Photo by Andres Perez

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 ADDICTION RECOVERY

EMPLOYMENT IN RECOVERY

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

ADDICTION & LEGAL TROUBLES

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

Addiction and Legal Trouble