Cost/Benefit of Treatment
The business benefits of addiction treatment
A 2006 report by the Canadian Centre on Substance Abuse estimates productivity losses due to alcohol and drug addiction costs Canadian employers about $24.3 billion a year. By providing financial support for your employee’s addiction treatment, you’re not only helping a valued member of your team, you’re also protecting your organization’s bottom line.
Consider the business benefits of investing in addiction treatment:
- Improved employee morale
- Reduced costs in employee benefit claims, disability insurance, worker compensation claims
- Reduced on-the-job errors
- Lower absenteeism rates
- Increased productivity levels and improved quality of work
- Decreased accidents and a safer workplace
Calculate your Cost Savings
To help you gain a better understanding of the financial impact of an addiction on your business and the savings you can realize by investing in treatment for your employee, we developed the Bellwood Cost Savings Calculator. This Cost Savings Calculator applies rates of improved attendance and improved productivity, which we have tracked through our research, to help you estimate potential savings. Use this handy tool to learn how your company can benefit from investing in effective addiction treatment.
Enter the annual salary of your employee.
* Disclaimer: This calculator is intended for an employee that earns a minimum $30,000 salary.
|1||Annual loss from increased absenteeism||$0.00|
|2||Annual loss from increased tardiness||$0.00|
|3||Annual loss in productivity||$0.00|
|4||Total Annual Cost of Addicted Employee||$0.00|
|5||Total Annual Cost Over Five Years Of Services**||$0.00|
|6||Example cost of a 30-day residential treatment program||$15000.00|
|7||Net savings over a five year period as a result of an employee completing a 30-day residential treatment program||$0.00|
** There are many other cost factors that are not considered in the above equation, including accidents on the job, errors, costs associated with dismissal, arbitration, hiring and retraining, and the utilization of health benefits.
Enjoy the benefits of an addiction-free workplace
Call us today at 1-800-387-6198 to discuss how we can work together to get your employee on the road to recovery.