January 18, 2009

New York Times

A Corporate Perk for a Stressful Time

As more workers lose their jobs, many are gaining a host of unforeseen problems in exchange. Beyond the obvious financial consequences, a layoff can result in psychological, emotional and even physical difficulties, and the impact may extend to families and former coworkers.

ComPsych Corporation, an EAP provider, observes that calls are up 30 to 40 percent over last year, spurred by unease about job prospects. “There is a sense of panic that we have not seen in our 24 years in business,” said Richard Chaifetz, the chief executive. “We’ve had an increase in calls on anything from feelings of depression or stress to refinancing mortgages, handling adolescents and dealing with bankruptcy. There’s a fear among employees that they’re going to get laid off and, even if they’re not, then how are they going to pay their bills with no raises, mounting debt and an inability to refinance?” Chaifetz said.