Utilize These Three Methods to Combat Addiction in the Workplace

It is common to view drug and alcohol addiction as a problem for others. If you’ve never struggled with addiction and it hasn’t been a problem in your social circles, you likely associate it with poverty, unemployment, homelessness, and poor life choices.
However, what if I told you that 70 percent of Americans who use illegal drugs are employed? Instead of viewing it as a societal issue, you must confront it as a challenge. Are you able to handle that?

THE REALITY OF SUBSTANCE ABUSE IN THE WORKPLACE

National Council on Alcoholism and Drug Dependence (NCADD) research indicates that 70% of the estimated 14.8 million Americans who use illegal drugs are employed.
If the prevalence of substance addiction and abuse in the workplace shocks you, you will be even more surprised by the side effects. For instance, did you know that employees with drinking problems are 2.7 times more likely to miss work due to an injury than employees who do not abuse alcohol? Or consider the fact that 35% of emergency room patients with occupational injuries are high-risk drinkers.
Even higher rates and dangers exist for drug addicts, who also struggle to maintain steady employment. The NCADD notes that workers who have held three or more jobs in the past five years are twice as likely to be current or former illegal drug users compared to those who have held two or fewer jobs.
While you may continue to believe that addiction and abuse do not occur in your industry, it would be foolish to maintain this viewpoint. Substance abuse is a problem for millions of Americans from the working class, many of whom hold white-collar jobs. If you are unprepared, you may be taken by surprise.

RECOGNIZING SYMPTOMS OF ADDICTION

If you assume that your employees do not struggle with drug addiction, you are probably not looking for signs and symptoms. You must change your perspective and recognize that this issue permeates all socioeconomic classes, industries, and occupations.
Some signs of addiction are easier to recognize than others, but here are some of the most common ones that employers observe:
– Persistent attendance issues Do you have an employee who consistently arrives late or misses multiple days in a row? This is one indication that something may be afoot.
– Lackluster performance When chronic attendance problems are accompanied by poor performance, it is a sign that the employee’s mind is not on the job. There could be any number of causes, but addiction and abuse are possibilities.
– Problems with conduct It may be worthwhile to investigate the possibility of an addiction problem if erratic and unexplained behavior issues are frequent.
– Tension in professional relationships. Healthy workplace relationships are essential to the success of a small business. Substance abusers and alcoholics frequently struggle to maintain healthy relationships with coworkers.

3 TIPS FOR DEALING WITH EMPLOYEE SUBSTANCE ABUSE

Substance abuse is extremely tragic on a personal level. It is disheartening to see people repeatedly make poor decisions that harm themselves and others. But from the perspective of an employer, it is equally difficult to observe the negative effects of their poor decisions on your business.
Employee addiction can have a significant negative impact on your business due to poor work performance, excessive absences and inconsistent hours, high job turnover, lack of productivity, and an increase in workers’ compensation claims and healthcare benefits.
The best course of action is to take a proactive stance. By doing so, substance abuse and addiction can be prevented or at least addressed when they become a problem. Here are a few suggestions to get you started:

1. LAUNCH PROGRAMS

Small businesses that take the time to implement drug testing and education programs will see a healthy return on their investment, despite the fact that they will incur a cost. According to DrugAbuse.com, the proven benefits include an increase in morale, a decrease in workplace accidents, a decrease in employee theft, an increase in productivity, a decrease in employee turnover, and a decrease in insurance and workers’ compensation costs.

2. AVOID ENABLING

You must cease enabling employees who may be abusing substances or alcohol. This implies avoiding lending money, covering up an employee’s mistakes, making excuses, and delegating work. These may appear trivial, especially if you are unaware that substance abuse is involved, but they exacerbate the problem.

3. OFFER SUPPORT

Many addicts have personal difficulties and may not receive the necessary social support. While you should always remain as professional as possible in your role as an employer, you can assist your employees by providing addiction recovery support and encouraging them to seek treatment.

ADDICTION: IT HURTS MORE THAN THE BOTTOM LINE

You have two major responsibilities as a business owner: increasing profitability and caring for your employees. There are times when these two objectives appear to be at odds with one another, and times when they appear to be complementary. Substance dependence falls into this category.
If your employees struggle with substance abuse and addiction, it is not only detrimental to your company’s bottom line. It is harming the health of your employees and causing incalculable suffering to their families.
When you are aware that addiction and abuse are pervasive in the American workplace, you can take a more proactive approach and reduce the likelihood that your business and employees will experience this terrible problem.

Conclusion

What can you do for an employee struggling with addiction? Here are 3 tips for dealing with employee substance abuse at your small business.

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{“article”:{“text”:” The purpose of creating an ESG (environmental, social, and governance) green energy fund is to assist other businesses in making sustainable investments, according to Foxconn Chairman Young Liu. This followed China’s recent power outages in Sichuan, underscoring the reality that ESG is now a crucial component of the supply chain. The requirement to invest in ESG has emerged as a fresh obstacle for industry management globally. However, before firms can support ESG investing, they must first generate enough profitability. Liu thus presented an EPS (earnings per share) plus ESG sustainability formula. Liu disclosed that Foxconn intends to create an ESG green energy fund to promote and execute ESG and to hasten the development of environmental technologies in order to further increase the influence of the sustainability formula on the supply chain. According to Liu, the EPS ESG formula is suggested since if a company is not profitable, all other efforts are useless. A corporation won’t be able to create strategies for ESG if it doesn’t have the required income and profitability. According to Liu, EPS and ESG are not mutually exclusive. For instance, Foxconn has made aggressive plans to enter the EV business and is highly enthusiastic about the future of electric cars (EV). Foxconn’s investment in EVs is focused on both the ESG characteristics of the industry as well as its potential. An illustration coming from the other direction is the recent power outage in Sichuan, China, which was brought on by the region’s supply chain being disrupted by the high temperatures brought on by harsh weather. When questioned about the power outage, Liu acknowledged that it had some impact on Foxconn’s output, albeit it is not expected to have a significant impact. Liu underlined that people need to be more concerned and attentive to problems brought on by global warming. This power outage happened in China, but the drought brought on by global warming is a worldwide problem. Platformization is one of the conditions for an industry to develop, according to Liu. A platform is also necessary to encourage the growth of ESG, with a large company serving as the leader. Foxconn therefore expects that in addition to promoting ESG internally, the launch of the ESG green energy fund would help the industry and supplier chain improve as well. According to Liu, the fund’s primary objective will be to invest in initiatives connected to sustainable green energy, including power plants, new environmental technologies, and renewable energy. This is so because the use of green energy is crucial for implementing ESG. However, many small- and medium-sized businesses find the expense of purchasing green energy to be quite high (SMEs). As a result, it is hoped that the creation and investment of the green energy fund will help SMEs acquire clean energy.

The purpose of creating an ESG (environmental, social, and governance) green energy fund is to assist other businesses in making sustainable investments, according to Foxconn Chairman Young Liu. This followed China’s recent power outages in Sichuan, underscoring the reality that ESG is now a crucial component of the supply chain.

A new issue for industry management across the globe is the requirement to invest in ESG. However, before firms can support ESG investing, they must first generate enough profitability. Liu thus presented an EPS (earnings per share) plus ESG sustainability formula. Liu disclosed that Foxconn intends to create an ESG green energy fund to promote and execute ESG and to hasten the development of environmental technologies in order to further increase the influence of the sustainability formula on the supply chain.

According to Liu, the EPS ESG formula is suggested since if a company is not profitable, all other efforts are useless. A corporation won’t be able to create strategies for ESG if it doesn’t have the required income and profitability.

According to Liu, EPS and ESG are not mutually exclusive. For instance, Foxconn has made aggressive plans to enter the EV business and is highly enthusiastic about the future of electric cars (EV). Foxconn’s investment in EVs is focused on both the ESG characteristics of the industry as well as its potential.

An illustration coming from the other direction is the recent power outage in Sichuan, China, which was caused by high temperatures brought on by harsh weather and had an impact on the local supply chain. When questioned about the power outage, Liu acknowledged that it had some impact on Foxconn’s output, albeit it is not expected to have a significant impact.

Liu underlined the need for people to care about and pay attention to concerns brought on by global warming. This power outage happened in China, but the drought brought on by global warming is a worldwide problem.

Platformization is one of the conditions for an industry to develop, according to Liu. A platform is also necessary to encourage the growth of ESG, with a large company serving as the leader. Foxconn therefore expects that in addition to promoting ESG internally, the launch of the ESG green energy fund would help the industry and supplier chain improve as well.

According to Liu, the fund’s primary objective will be to invest in sustainable green energy-related projects, like as power plants, new environmental technologies, and renewable energy sources. This is so because the use of green energy is crucial for implementing ESG. However, many small- and medium-sized businesses find the expense of purchasing green energy to be quite high (SMEs). Therefore, it is hoped that the creation and funding of the green energy fund will help SMEs acquire clean energy.

“, “images”:{},”author”:”Ninelu Tu, Taipei; Jack Wu, DIGITIMES Asia”,”pub date”:”2022-08-22 11:01:25″,”is article”:1,”url”:”https://www.digitimes.com/news/a20220819PD206/esg-foxconn-green-energy-supply-chain.html?chid=13r”,”canonical url”: This followed China’s recent power outages in Sichuan, underscoring the reality that ESG is now a crucial component of the supply chain.” , “favicon”:”https://www.digitimes.com/favicon.ico”,”encoding”:”utf-8″,”time”:4.851853847503662,”js”:false,”pagination”:false,”modified date”:”2022-08-22 11:01:25″,”site name”:”DIGITIMES”