National report shows supportive employment cultivates employee success and family stability through Employer Resource Networks®
Grand Rapids, Michigan – The newly released 2019 Employer Resource Network®(ERN) Annual Report shows that socially responsible member companies who provide an ERN success coach at the workplace experience an average of 510% return on investment with the goal of stabilizing households and growing businesses for vibrant communities.
The annual report includes program data from a sample of 20 ERNs® in Indiana, Michigan, New York, Ohio, Tennessee and Texas. The average workforce utilization rate was 16% and ROI calculated according to company investment and retention. The study is based on 15,573 Service Needs addressed through 10,222 Employee Requests. ERN USA comprises a total of 28 ERNs from nine states with other ERNs® in development in both new and existing states.
“Along with securing personalized resources for needs that can directly jeopardize job retention, other top ten needs that were consistent with the previous year’s data include coaching and counseling referrals,” said CDO, James Vander Hulst. “ERNs® provide a holistic retention approach combining resource connection with coaching, helping employees create and follow-up with a plan to manage those resources. Once immediate needs are addressed, we move forward with long term goals such as home buying or skill building to further stabilize the individual or family. In addition to high arching turnover savings, the end goal is a focused and skilled workforce with a transformed culture of supportive employment. With current pandemic challenges, success coaching is more important than ever and will continue into next year as we navigate recovery.” Press Release: https://ern-usa.com/blob/site-files.ashx?ID=18