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The opioid crisis has affected every community in America. Opioids affect rural working class people, those in the inner city and suburbs, or even the wealthy and well-to-do professionals. While drug abuse in business has been highlighted in blockbuster films like the Wolf of Wall Street, the current reality is not far from it. According to addiction experts, substance use disorder is making a sobering impact on the financial industry.
This comes from not just an upscale partying lifestyle, but also from drugs used to manage performance and stress, along with physical pain. According to addiction experts, the financial industry itself is actively turning a blind eye to the issues concerning opioid abuse on Wall Street because money is still the priority, and stigma still gets in the way.
Opioids on Wall Street: White-Collar Confessions
As it stands there is no comprehensive research that takes a detailed look at opioid abuse in Wall Street among finance professionals. So we can’t exactly show the numbers to prove it’s prevalence. However, what we see consistently is a dramatic increase in addiction and overdose rates all over the nation in recent years.
Luckily, professionals from this demographic are beginning to speak out in hopes of progressive change.
One such individual is Trey Laird, a former Wall Street trader, who recently spoke to CNBC about his six-year opioid addiction. During the conversation Laird reiterates the critical understanding that substance use disorder can reach anyone, saying:
“Addiction pervades every single socioeconomic demographic that there is. Every industry, every race, men, women. It doesn’t care who you are,”
After getting clean himself, Laird went on to open a sober living community and says he hopes to specifically serve the Wall Street and white collar demographic.
According to Laird, there has been more talk about opioid addiction among people in higher socioeconomic brackets, but there is still much work that needs to be done. He acknowledges that increasing awareness is doing a great deal, but that the problem is also at an increase. Wall Street may finally be talking about it, but how many professionals will get the help they truly need?
Opioids on Wall Street: Stocks and Stigma
One of the biggest obstacles facing white-collar workers like those in Wall Street is the engrained stigma still attached to addiction. Even with all the shifts in our culture toward a better understanding of substance use and the compassion for those struggling, professionals still have this seemingly unbearable hurdle in front of them.
Truthfully, stigma is something that prevents most people from getting help. Professionals will often be too afraid of losing their jobs to admit they need help. Many in the world of Wall Street and finance may have no information on how to seek out treatment while adhering to their professional boards’ guidelines and business practices.
With white-collar workers, this may be an especially difficult thing because the idea of addiction is so often attached to stereotypes of the unemployable, the homeless, the unreliable and unstable that their high-earning careers might minimize the impact drugs have on their lives. Wall Street stockbrokers and traders might not see themselves as having a problem as long as they can function, which brings in the idea of the “functioning addict.”
Opioids on Wall Street: Function Addiction is Still Addiction
Many white-collar workers who struggle with drugs or alcohol may consider themselves a “functioning addict”, meaning they are less likely see their actions as a problem because they are able to maintain their professional or even personal lives. To make matters worse, frequently the people around someone who is professionally successful will not believe the addiction is real. They may admit that you’ve been careless or destructive in some respects, but will ultimately minimize it due to your financial stability.
As long as you’re making money and paying the bills how could you possibly be “that bad?”
Well, because “functioning addiction” is still an addiction.
Addiction isn’t about whether or not you are able to hold down a steady income. It does not depend on whether or not other people recognize that you have a problem or your competence with your profession. While addiction can and will have an impact on these things, it isn’t always as black and white as most people like to pretend.
Notice how earlier we said you may “maintain” other areas of your life? Well, we mean to say that you can get by for a while, but eventually, the effects of addiction will catch up with you. It could be in the form of serious health consequences or other devastating circumstances. It could take days, months or even years, but it will leave a mark.
Sadly, “functioning addicts” are also far less likely to get the help they desperately need.
Opioids on Wall Street: It Could Be You
While you might be able to keep your addiction secret, in the beginning, things will eventually get worse. Eventually, your addiction will become unmanageable.
If you think you might fit the “functioning addiction” criteria, look at the following questions and answer them honestly.
- Do you often think about using drugs or drinking?
- Do you find it hard to stop after you start drinking or using?
- Are you scheduling your time around drinking or using drugs?
- Have you tried to stop before, but found that you were unable to?
- Do you drink or use drugs first thing in the morning?
- Are you drinking or using drugs at work?
- Do you hide your drug use or drinking?
- Have you done something risky, like driven drunk?
- Do you worry about your drug use or drinking?
If you find you are answering “yes” more than “no” then you should seriously consider speaking with a medical or addiction professional about your drug use or drinking.
The opioid crisis is nothing to be ignored. Despite all that we think we have learned about addiction too many professionals don’t get the help they need. No one is exempt from the destruction of addiction. Opioids don’t care what street you work on, Wall Street or not, they can ruin your life all the same. If you or someone you love is struggling, please call toll-free now. We want to help.
CALL NOW 1-888-922-5398
In 2015 the Journal of Employee Assistance published an article to help Employee Assistance Programs (EAPs) looking for addiction treatment programs to recommend for their clients. Guess what, challenge accepted!
When we at Palm Healthcare Company took a close look at the outline provided by the Journal of Employee Assistance on methods of treatment, we were happy to note that our treatment programs fit the description perfectly.
It is important for employers and their assistance groups to have a clear and comprehensive idea of what an effective addiction treatment program looks like, so they can provide their employees with options for quality care. The Journal of Employee Assistance article goes on to identify some of the aspects of the addiction treatment outline for EAP professionals should consider as vital for effective recovery. In order to make confident recommendations, Palm Healthcare Company also believes EA professionals should do all they can to understand all levels of care and the methods of treatment.
We understand and appreciate the power of information. Let us provide a detailed look, point-by-point, at how Palm Healthcare Company can best serve your clients by meeting the suggested specifications of the Journal of Employee Assistance.
As stated in the article by the Journal of Employee Assistance, the current focus for treatment of chronic diseases like addiction is based on dynamic treatment, also known as adaptive interventions or multi-stage treatment strategies. The idea is to continuously evaluate the individual’s progress in order to adjust their treatment.
One-size-fits-all tactics fail to address unique life issues that are connected to substance use and addiction. Personalized treatment that is tailored to each individual’s specific needs is a crucial element to effective holistic treatment.
In fact, the National Institutes of Health have stated that the best programs provide a combination of services that take into account all aspects of the individual, including:
Palm Healthcare Company does not believe in the ‘one-size-fits-all’ model of treatment. We know that every person has their own unique experiences and circumstances. We all live and learn differently, so addiction treatment should take those differences into consideration.
Palm Healthcare Company, like most traditional programs, provides the basics of addiction treatment. Looking at the addiction treatment outline for EAP professionals, the most traditional methods to look for include:
All detox facilities are staffed with medical professionals experienced with treating those struggling with drug or alcohol addiction. Every individual is given a thorough intake assessment to ensure the safest and most comfortable method of medical detox is offered to fit each client.
Because addiction is about far more than substance use, behavioral therapy is extremely important to the recovery process. Not only do these sessions examine destructive behaviors, but they also assess the thoughts and feelings that might cause them.
As part of offering behavioral therapy, Palm Healthcare Company facilities also offer unique classes on building social skills and personal development opportunities.
Palm Healthcare Company also believes that a crucial aspect of overcoming addiction is to understand it through educational, evidence-based therapeutic intervention. Classes are consistently provided explaining various aspects of addiction and mental health disorders so each individual can better understand and cope with their illness.
Support groups and 12 Steps
Historically, group therapies and a sense of community has always been a big piece of addiction recovery. Opportunities to get involved with 12 Step fellowships and other support groups can help individuals to find a sense of community with others recovering from drugs or alcohol. Palm Healthcare Company programs consistently facilitate these options.
Family weeks or weekends for those over 13 years old
The Palm Healthcare Family Program is a unique and empowering experience for individuals trying to overcome their addictions, as well as for their loved ones. Part of the family program is the Palm Healthcare Family Weekend which includes various events designed to educate family members and bring each other closer through connection and support.
However, the Journal of Employee Assistance notes that the more “novel yet effective” programs also include more innovative addiction treatment methods. These facilities go above and beyond the basic outline of services to provide holistic treatment programs. So how does Palm Healthcare Company match up to these recommendations?
A range of therapeutic approaches
Again, Palm Healthcare Company does not believe in the ‘one-size-fits-all’ approach to treating addiction. Because not every form of therapy will be as influential for everyone our facilities offer a variety of therapeutic courses. Some of these include:
Palm Healthcare Company believes in utilizing cutting-edge treatment methods to create a more in-depth and personal recovery experience.
Provide multiple levels of care
There are several reasons why having different levels of care can be a big deal for EA professionals seeking treatment providers. For one, different levels of care allow for different levels of contact with the outside world.
With partial hospitalization, intensive or residential levels of treatment there is a much more secure and controlled environment with daily schedules full of therapy options and courses. If the individual is approved for Outpatient or Intensive Outpatient treatment they can attend work for part of the day while attending classes periodically.
Palm Healthcare Company helps the patient choose the level of care that is best suited for their needs. Monitoring individual progress and adapting the aspects of treatment to fit their progress is an important way to personalize the experience and support the transition from addiction to independent recovery.
Treat co-occurring mental health disorders
When an individual is struggling with a mental health disorder and substance use disorder the best method for them is dual diagnosis treatment. This allows the individual to address the addiction and the co-occurring disorder individually and simultaneously for a complete recovery.
Palm Healthcare Company understands that if someone only addresses one disorder without the other then they are more likely to have difficulty maintaining their recovery. These conditions tend to feed off of one another, and one going untreated can cause a relapse in the other.
Address underlying issues related to addiction
Palm Healthcare Company also cares a great deal about understanding substance use disorder; where it comes from and how it influences the lives of those who suffer. Therefore, we believe in exploring each individuals experience to help them find out what underlying issues are connected to their drug or alcohol use.
Addiction is such a complex disorder. There is no one way that someone ends up addicted. While there is a genetic predisposition, there are numerous other factors that contribute to the development of substance use disorder. Because things like trauma and family dynamics play a big part in the development of addiction, an effective treatment program should also examine and address these issues if the patient is going to experience lasting recovery.
Involve the entire family, including children
The Palm Healthcare Family Program is committed not just to offering brief visits with loved ones. Our Family Program is designed to:
- Give the family essential educational information
- Establish deeper connections between loved ones through recovery
- Teach about emotional well-being and healthy boundaries
- Offer life-changing breakthrough experiences
- Create a strong support system
The Palm Healthcare Family Program is a FREE service offered by our facilities because we believe that family involvement is incredibly important for lasting and worthwhile transformation.
Explore performance at work
Clients who are professionals are often very focused on how their substance use affects their career. Along with life skills and behavioral therapy, there is an important element of understanding how addiction impacts your professional life. Everyone from CEOs and executives to labor workers in every industry needs to be aware of how addiction affects the workplace.
Of course, EA professionals are more likely to recommend a treatment program that pays attention to addictions impact on the workplace. So teaching clients how to safely and effectively transition from treatment back to work is an important element of these programs.
Examine legal and financial issues resulting from addiction
Our facilities also take pride in providing teams of skilled individual case-workers who consistently work on behalf of each individual to maintain their personal interests regarding legal issues or other concerns they may have. It is important that an addiction treatment provider has experienced staff members who understand the difficulties that can arise from substance use and know how to best support each individual with these concerns.
Working with the Workforce
All Palm Healthcare Company facilities provide the more holistic and effective approach through this criterion of additional services. We know that addiction is an illness that impacts every walk of life. It also impacts any career position in every industry. We work every day to provide safe, effective and personal recovery plans to every individual we come into contact with.
Another part of providing recovery options to professionals can be to allow EA professionals to get involved in the aftercare process. An EA professional can inquire about policies relating to communication with the source of the referral. If the appropriate consent is given, the EA professional themselves can even become an important part of the recovery team for helping create a discharge and aftercare plan.
Looking at these very important suggestions coming from the Journal of Employee Assistance we are confident in our dedication to providing revolutionary and holistic care above and beyond the addiction treatment outline for EAP professionals. Palm Healthcare Company wants to support you and your clients to create a happier and healthier future. Please call toll-free now for more information.
CALL NOW 1-888-922-5398
(This content is being used for illustrative purposes only; any person depicted in the content is a model)
It used to be that when people thought of someone struggling with addiction or alcoholism, they pictured a hobo with patchy clothes drunk under a bridge or blacked out in an alley somewhere. Now, after years of watching our stigmas be proven wrong over and over again, we thankfully have a more realistic image.
These days it is not all the uncommon to imagine that people struggling with substance use disorders do actually have jobs. In fact, most people who struggle with addiction are middle-age, middle-class Americans who have careers or trades. What is called the ‘functioning addict’ often flies under the radar, paying the bills and taking care of their responsibilities, although maybe not as well as they imagine.
So with such a high percentage of the working population struggling with substance use disorder, how should employers be addressing addiction in the workplace? Here are 7 suggestions for the employer who might have to deal with addiction in the workplace.
1. Have a policy and enforce it
The first way for employers to address addiction in the workplace should be a given; have a policy in place for drugs and alcohol.
By establishing the workplace policies and expectations related to drugs and alcohol, having them in writing and explaining them clearly to your staff. You have already set a boundary. As an employer it is up to you to let your staff know what your expectations are and what you will and won’t tolerate.
Then, once the policy is in place, follow through with it. You are able to address substance use as a whole by implementing policies on drugs and alcohol and then committing to those guidelines.
2. Avoid enabling
By establishing a drug and alcohol policy an employer is already setting up the groundwork to help them avoid enabling. Those policies will hold not just your employees accountable, but also they will hold you accountable.
Employers, managers and supervisors should avoid enabling addiction in the workplace with actions like:
- Lending money to an addicted employee
- Covering up for the employee
- Giving the employee’s work to others
- Trying to counsel the employee without a professional
Families and loved ones are always warned about the risks of enabling someone struggling with addiction, the same goes for their bosses. If you have an employee who is struggling do not make excuses for them. It doesn’t serve the company, and it definitely doesn’t serve their best interests either.
3. Schedule a meeting
When an employer is concerned about an employee who may be struggling with drugs or alcohol try not to address it over a phone call or an email. Take a more hands-on approach, it is just good leadership. Schedule a face-to-face meeting.
Supervisors should review signs of abuse with an Employee Assistance Program (EPA) counselor before meeting with the employee.
An employer or supervisor should notify the individual of a place and time to have a meeting for discussing the employee’s performance. The supervisor should plan to hold the meeting in a private setting, so not to spread someone’s personal business around the workplace.
4. Keep it professional
It is very important that when addressing the individual you do your best to be professional without making the conversation too personal. Instead, the employer or supervisor should keep the focus of the meeting on the employee’s job performance. Make it clear that if they do not correct their performance issues they may face discipline or termination.
Even if you have a good relationship, setting boundaries is important when dealing with a work-related issue concerning drugs or alcohol. It is best to not directly address the substance abuse in question, unless they have been obviously impaired on the clock.
Then suggest the employee to the EAP. While an employee cannot be forced to use EAP services, you can strongly encourage them to take those steps.
5. Expect Resistance
Denial is a common reaction for someone confronted with their substance abuse. Remember their resistance isn’t just about their addiction in the workplace; they may still be dealing with that denial within themselves. Accepting that drugs or alcohol are a serious problem is not an easy admission to make for most people.
If the employee is denying their addiction in the workplace and refusing to seek or accept help from EAP, be ready for it. Whoever supervises this employee should continue to document any and all issues with that individual. If necessary, be prepared to follow through with disciplinary action. Stay consistent. It may help them realize how their substance use is impacting their work before it is too late.
If an employee has been intoxicated or under the influence of drugs at work an employer may consider holding an intervention with colleagues, coworkers or other people close to the individual. While this may not always be appropriate, it is still an option.
Most of us are familiar with the concept. With an intervention all people involved confront the addicted employee about their drug or alcohol use, but not to punish or scrutinize. Remember the purpose of an intervention is to encourage them to seek professional help.
If choosing to stage an intervention, remember there are trained professionals who should lead a work-based intervention. An employer or supervisor should not lead the intervention.
For more information on how to stage a work-based intervention contact an EAP counselor.
7. Offer support
Now just because we have suggested being a professional doesn’t mean we are suggesting not being compassionate. You may have a close relationship with a lot of your staff. As a supervisor you may have cultivated a teamwork culture that is result driven and supportive, so support your team members.
One of the best things an employer can do to help employees with substance abuse problems is to offer comprehensive health plans that cover all stages of treatment for substance use disorders. Some of the best healthcare plans for your employees will cover:
- Educating employees on the dangers of abusing alcohol and drugs
- Addiction treatment
If you want the people on your team to get help when they need it, also be willing to show your support when they reach out for it.
Of course if the employee is displaying erratic or disruptive behavior, or intoxicated in the workplace, than an employer will want to contact EAP services to alert them of the situation. After this, depending on the context you may send an employee home or place them on leave or suspension. Whatever you do, document every incident and subsequent action. Some may require drug testing. Make sure to adhere to your own policies.
At the end of the day, the employer should be motivated by the chance to help an employee struggling with addiction in the workplace to get the help they need to get better. If you want your team to be as healthy and productive as possible than you should be willing to support them in any way you can. Be sure to stay accountable and committed to your staff. They make it all possible.
Addiction does not care about your job title. Plenty of professionals experience serious substance use disorder, everyone from an intern to a CEO. Palm Healthcare offers assistance to employers and their employees when it comes to initiating the treatment process. Our addiction specialists and case managers are just one part of a compassionated staff thoroughly trained to navigate the process so that professionals seeking help can do so effectively. If you or someone you know is struggling, please call toll-free now.
CALL NOW 1-888-922-5398