Fitness Centre Research
Essay by sachingmb14 • November 6, 2015 • Essay • 796 Words (4 Pages) • 1,164 Views
Research shows that for a company to survive it should continuously improve profits and you in your capacity as the VP have done many good deeds towards this cause in the past. Increase in profit need not be necessarily through reduction in cost, but can also be achieved through increase in productivity. Fitness centre since its inception has benefited our firm through increase in the employees’ productivity. And through better management and more exposure to the employees, fitness centre will provide a sustainable increase in productivity. Here with this letter, I would like to persuade you against the closure of fitness centre.
Not so long ago I shared your opinion on the use of exercises until I started using the fitness centre. I come from a family with the history of diabetes and I normally get tired very quickly. I was finding very difficult to manage work and family, my kids were unhappy that I was not spending much time with them. I stated using fitness centre three years ago, and since the time I started using I could see a lot of change in my life – I am more energetic, I play with my kids and my wife is happy and more importantly I am much happier person now- this change didn’t stop at home, now I work with more energy and communicate with others positively and I can easily say that my productivity has increased two fold. I experimented the same with my team on the benefits of fitness. We started a wellness program eight months ago and since then as a result of this program the productivity in my department has increased by 18 percentage and the sick days have decreased by 5 percent. And with the help of my colleagues I mathematically proved through regression analysis that number of days per week spent in fitness centre is directly correlated to employee’s healthcare costs – which translates to that more the days spent less healthcare expenses company has to bare for an employee.
Now, let us see how the fitness centre contributes to the balance sheet against its annual expense of $100,000. If we analyze the medical costs for the previous two years, the difference in the medical expense of an employee who uses fitness centre three times a day to an employee who never uses is $400. If we succeed in converting at least 75 percent of this population to use fitness centre, the medical expense will come under by at least $48000. And if we can replicate the success of our department’s Wellness program in our Headquarters, we will achieve 5% reduction in the sick leaves and an average of 18 percent increase in productivity. This productivity increase can be translated to recruit of 45 new employees (250*1.18 = 295), we were able to achieve the man-hours of 295 employees with our current employee strength and most importantly with the current limited office place. The increase in productivity not only justifies the annual expense of $100,000 but also the work space occupied by the centre.
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