Employee Assistance Programs

Employee Assistance Programs (EAPs) are a critical tool to assist employees in their time of need, yet many companies often find themselves unprepared when crisis strikes. We specialize in administering these programs and can help you launch and maintain a successful program that aligns with your business objectives and supports your employees in their time of need.

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The Basics

What is an EAP?

An EAP, also known as an employee assistance or hardship fund, is a program established by a company to support their employees through monetary assistance in times of disaster or personal hardship. These situations are often difficult to predict and, when they strike, can cause extreme financial burden for those impacted. During this difficult and unforeseen time, the negative impact of these circumstances affects the individual employee and their family, as well as their employer. These effects often manifest as a decrease in performance, unexpected absences from work, and employee turnover.

In light of the number of natural disasters year-over-over, companies are increasingly implementing EAPs for their staff. These programs can be launched to support those affected by natural disasters such as hurricanes, floods, or tornadoes, as well as unexpected personal hardships, like home fires, that place undue financial stress on the employee and their family.

Why are EAPs important?

In short, EAPs are a good business decision. They not only show your employees that you care about their wellbeing, they also support your staff in their time of need so they can continue as optimal contributors to your company. Employees see EAPs as a workplace benefit and, as a result, implementation can lead to increases in both productivity and retention, all at a minimal cost to the company.

Why is it important to partner with a third-party?

Partnering with a third-party:

Removes the administrative responsibility of managing a robust program for employees all over the world.
Allows for an outside, objective entity to review, screen, and approve applications for assistance, ensuring the applicant remains anonymous, protecting the private information of employees, and minimizing any risk to the corporation or corporate foundation.
Protects the corporation or corporate foundation from the liability of administering a program that could be seen as directing additional compensation to certain employees.
Permits donations made by the company or foundation, its employees and/or subsidiaries, or other stakeholders to be tax-deductible.
Ensures employees are not taxed for the grants they receive.

See how we partnered with the Avery Dennison Foundation to conceptualize, implement, and distribute funds through an EAP for COVID-19.

Global Impact can help with:

Donation Platform

Creating a donation platform for employees to support one another.

Implementation

Implementing the complete program including reviewing applications for assistance and processing funds, decreasing your corporate risk.

Reporting

Providing dashboards and reporting to see the impact and usage of your program.

Set Up

Establishing an EAP and developing program framework and governance.

Refresh

Assessing existing programs and making recommendations.

Application Portal

Building a custom application portal for employees to apply for assistance.

Corporate Clients

Merck

Fund For A Safer Future

PepsiCo

Intel

Hewlett-Packard Company

Four Seasons Hotels & Resorts

Columbia Hospitality

Boeing

Hilton

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Employee Assistance Programs

The Basics

Global Impact can help with:

Donation Platform

Implementation

Reporting

Set Up

Refresh

Application Portal

Corporate Clients

Discover More

Investing in your team: 3 proven strategies for your Employee Assistance Program

Top 3 situations companies provided employee financial assistance in 2022

Adapting Your Corporate Signature Programs During Crises

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