Divorce is a costly undertaking, both for employers and employees, with most divorcing Americans spending around $7,000 to untie the knot.
Research has indicated that each divorcing employee costs the company around $8,300 on average, as well, through an increased rate of absenteeism, decreased productivity in addition to the 10% of divorcing employees who will take the opportunity for a fresh start one step further and take a job with a new company. In fact, 23% of employees who are going through a divorce claimed to have missed additional days at work as a result of the disruption to their lives and mental health.
By making available comprehensive mental health support and providing access to divorce coaches to help navigate both the emotions and legal processes involved, companies and employees both can minimize the negative impact that divorces can so often have.