The Economics of Drug Testing

Sometimes, businesses understand the value of drug testing but hesitate when it comes time to make the investment. It’s true that implementing a drug testing program will cost your company up front. However, drug testing can save your company a lot of money in the long run, not to mention the non-financial aspects.

To demonstrate the true value of implementing drug-free policies, Test Smartly Labs will guide you through the ins and outs of drug-testing economics.

Save Money with Drug Testing

Avoid Costly Accidents

According to the American Council For Drug Education, workers that have substance abuse problems are 3.5 times more likely to have an on-site accident. They account for 40% of all fatalities in industrial businesses. Workplace accidents are something you and your company want to avoid.

These accidents can take a huge toll on your economic wellbeing. Worker’s compensation claims are paid directly by your business. You might have to face legal action as a result of an on-site accident. Even if you win, attorney fees can be costly.

A drug testing policy can mitigate the risks of on-site injuries which will also lower costs. In addition to conducting post-accident drug testing, you should consider implementing a random drug testing program to prevent on-site accidents.

Lower Rates of Theft

Employees with substance abuse issues can end up stealing in order to fuel their drug habit. The National Drug-Free Workplace Alliance estimates that 80% of drug abusers have stolen from the workplace in order to support drug use. Data pulled from the national cocaine helpline shows that 18% of users reported stealing from co-workers. You can prevent this theft by pre-screening employees before they begin work.

Reduce Sick Days & Unproductivity

According to data from the American Council For Drug Education, workers with substance abuse problems are 10 times more likely to call in sick than their peers. Constantly having employees call in sick can affect your company’s ability to produce exceptional service or products. Work quality decreases when there is a weak link in the employee chain.

If an employee who is under the influence does come to work, you may have a case of “presenteeism” on your hands. This happens when an employee tries to work though they are impaired. Substance abusers are 33% less productive than their peers, producing work slower or worse than their peers. This affects your profits and customer satisfaction. In fact, in 2002, employees with substance abuse problems cost American companies $128.6 billion in lost productivity.

Cut Insurance Costs

On-site accidents can increase your insurance premiums, medically and otherwise. Substance-abusing employees can take up to twice the amount of medical benefits as other employees and are responsible for health care costs that total 3 times more than the national average.

Lower Business Costs With Drug Testing by Test Smartly Labs

Unfortunately, it’s not enough to refrain from drug testing your employees and firing substance abusers when their actions come to light. Replacing an employee can be costly and take up valuable time.

Drug testing is your best option to ensure employee safety and save money for your company. Test Smartly Labs will help you design and conduct a workplace drug testing policy. Whether you are a large industrial company, a fleet company needing DOT testing, or a small business, we provide comprehensive drug testing services in the greater Kansas City area.

TEST SMARTLY LABS OFFERS ACCURATE AND CONFIDENTIAL DRUG TESTING SOLUTIONS. IF YOUR BUSINESS IS IN NEED OF A RELIABLE DRUG TESTING PROGRAM, PLEASE CONTACT TEST SMARTLY LABS TODAY OR CALL (816) 800-9699.

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