Employee Assistance Program Procurement Intelligence: Your Path to Excellence [Business]
The employee assistance program (EAP) category is expected to grow at a CAGR of 5.6% from 2023 to 2030. The growing demand for recognition of the importance of employee well-being and mental health and the need for employers to attract and retain top talent as if they do not have access to support employees who are dealing with personal or professional challenges are more likely to quit their positions. The importance is also increasing in industries where job stress and burnout are common such as healthcare and social services. The rise of remote work and the need for virtual support services is also driving growth in this category. An organization chooses EAPs to boost employee productivity. An employee can handle all of their challenges such as difficulties at work, monetary assistance, or disputes inside the workplace with the aid of these programs.
The Centres for Disease Control and Prevention estimates that productivity losses due to stress-related absenteeism would cost companies USD 223 to 227 billion a year, or USD 1,500 to 1,750 per employee. Workers with severe mental health issues may, in the worst situation, be dangerous to both themselves and others. In addition, mental Health continues to be a growing topic in the world. Mental illness affects worker productivity, the bottom line, workplace culture, and more. As a result, a lot of businesses are now offering EAP services as an additional benefit to their employees.
This category makes use of technologies like telemedicine and cloud-based systems. For instance, Cloud-based solutions used by 1to1Help, an EAP service provider, enable them to reach a greater spectrum of employees, regardless of their geography. Employees can more easily access EAP services with the help of these platforms because they can offer from any device with an internet connection. Employees can communicate with EAP counselors like Talkspace on the phone or video chat through telehealth. If an employee is unable to leave work or go to an EAP office, these technological advancements are a practical alternative.
Order your copy of the Employee Assistance Program Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
This category is highly fragmented with a large number of companies that offer this program, and many companies have different areas of focus and expertise. For example, some companies specialize in mental health counselling services, while others may focus on financial counseling or legal services. There are many small and mid-sized companies as well as large companies that have a national or global presence.
Businesses typically employ a fixed fee pricing model, where a fixed price is charged for a certain set of services such as counselling, training, and other services. Payment is based on the overall number of employees in the organization, regardless of whether the employees use the services. The provider is incentivized to execute the work fast and efficiently, which helps to increase productivity and efficiency. The main cost elements are service costs, which cover things like financial planning and counseling sessions, administrative costs, which cover things like enrolment, billing, and reporting, and training and support costs, which cover things like hiring therapists, counsellors, and other professionals to help with services for employees.
The demand for EAP services has been rising in recent years due to greater awareness of mental health concerns and increasing focus on preventive care, making the US and Canada the global leaders in this area. Ensure and assess the service provider's reputation and experience, as well as their proven track record of delivering high-quality EAP services, while sourcing this category. Take into account the tools and technology provided by the supplier, which provides online resources that can assist staff in swiftly and conveniently accessing support and information. Finally, take into account the provider's range choice of services that fit the employee's needs.
Browse through Grand View Research’s collection of procurement intelligence studies:
• Clinical IT Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• IT Asset Disposition Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Employee Assistance Program Procurement Intelligence Report Scope
• Employee Assistance Program Category Growth Rate: CAGR of 5.6% from 2023 to 2030
• Pricing growth Outlook: 6% - 7% (Annually)
• Pricing Models: Fixed-fee pricing model
• Supplier Selection Scope: Cost and pricing, Past engagements, Productivity, Geographical presence
• Supplier selection criteria: Business needs, technical specifications, operational requirements, security compliance, reliability, experience, technical specifications, operational capabilities, regulatory standards and mandates, category innovations, and others.
• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Key companies
• 1to1Help
• Homewood Health
• Talkspace
• ESI Employee Assistance Group
• Laya Healthcare
• Modern Health
• Uprise Health
• Magellan Healthcare
• Spring Health
• Human Dynamic
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Dairy Derivatives Procurement Intelligence: A Game-Changer for the Industry [Business]
The dairy derivatives category is expected to grow at a CAGR of 4.5% from 2023 to 2030. The global need for dairy products is increasing due to a number of reasons, including the growing population and a better understanding of the health benefits of dairy products. There is a growing market for lactose-free and gluten-free items as the number of people who have these intolerances rises. the rising use of dairy derivatives in pharmaceutical applications due to their wide range of applications in goods like infant formula and dietary supplements. The category is being driven by the rising demand for these products and the shift in customer nutritional choices, as they are looking for more readily available and healthier food and beverage options. Dairy derivatives are used in cheese, yogurt, ice cream, and infant formula, among other foods and beverages. The growing demand for these products is driving the sector.
Companies are continuously focusing on improving capacity and strengthening sustainable practices through partnerships and/or acquisitions. For instance,
• The H'lib Dzair Project helps Algerian rural development by enhancing small-scale farmers' livelihoods, strengthening regional dairy value chains, and minimizing the environmental impact of farms. As a result, Algeria's dairy industry is improved, and the country is less reliant on foreign milk.
• In April 2023, in an effort to reduce methane emissions from dairy cows, Lactanet Canada began the very first formal genetic assessment ever conducted. This was accomplished after many years of study and development, during which dairy cows in Canadian research herds underwent routine milk tests and had their methane emissions monitored.
• In May 2022, Arla officially completed a brand-new production facility at Pronsfeld Dairy in Germany. The project, which is Arla's largest dairy investment to date, will help the company to meet the world's growing need for healthful dairy products at competitive prices.
A technique for separating and identifying the distinct components of a mixture is chromatography. Using this technique, various lipids, proteins, and carbohydrates in milk are distinguished from one another. The ultrafiltration procedure can separate various components in a liquid by allowing it to pass through a membrane. This technique concentrates milk's protein content and separates whey from milk. This category uses nanotechnology, which makes use of materials and methods that are at the nanoscale, to offer fresh and cutting-edge dairy products. Nanotechnology, for instance, can be used to create novel milk proteins that are simpler to digest or better ways to preserve dairy products. Microfiltration is a technique used to separate different components in a liquid by passing it through a membrane with small pores. It is used to remove bacteria and other microorganisms from milk.
Order your copy of the Dairy Derivatives Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Dairy Derivatives Category Sourcing Intelligence Highlights
• The number of both big and small businesses operating in various regions has led to significant global fragmentation of the dairy derivatives category. Players engage in an intense rivalry with one another to expand their consumer base and provide superior customer service.
• Raw material accounts for the largest cost component of the dairy derivatives business. Other key costs include packaging cost and distribution cost
• Most of the companies offer products such as cheese, butter, yogurt, and ice creams.
List of Key Suppliers
• Nestle
• Danone
• Amul
• Fonterra
• Dean Foods
• Saputo
• Mengniu Dairy
• Yili Group
• Tyson Foods
• Arla Foods
Browse through Grand View Research’s collection of procurement intelligence studies:
• Personal Protective Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Helium Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Dairy Derivatives Procurement Intelligence Report Scope
• Dairy Derivatives Category Growth Rate: CAGR of 4.5% from 2023 to 2030
• Pricing Growth Outlook: 3% - 5%(Annual)
• Pricing Models: Volume-based pricing model and cost-plus pricing model
• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence
• Supplier Selection Criteria: Sustainability, price, quality, reliability, flexibility, technical specifications, operational capabilities, regulatory standards and mandates, category innovations, and others.
• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
