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    Proposal

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    The company is facing rising healthcare costs for employees, which doubled from $6,500 to $13,000 per employee last year. To address this, the memo proposes establishing an on-site fitness center that could help employees lead healthier lifestyles. Studies show exercise relieves stress and increases productivity. The fitness center could benefit employees and lower healthcare costs, while also generating revenue. Potential risks include employees not participating and difficulty generating revenue, but these could be addressed by making the center open to the public. The initial cost would be $500,000 along with part-time trainers and staff.

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    Proposal

    Uploaded by

    api-469529544
    18 views1 page
    The company is facing rising healthcare costs for employees, which doubled from $6,500 to $13,000 per employee last year. To address this, the memo proposes establishing an on-site fitness center that could help employees lead healthier lifestyles. Studies show exercise relieves stress and increases productivity. The fitness center could benefit employees and lower healthcare costs, while also generating revenue. Potential risks include employees not participating and difficulty generating revenue, but these could be addressed by making the center open to the public. The initial cost would be $500,000 along with part-time trainers and staff.

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    The company is facing rising healthcare costs for employees, which doubled from $6,500 to $13,000 per employee last year. To address this, the memo proposes establishing an on-site fitness center that could help employees lead healthier lifestyles. Studies show exercise relieves stress and increases productivity. The fitness center could benefit employees and lower healthcare costs, while also generating revenue. Potential risks include employees not participating and difficulty generating revenue, but these could be addressed by making the center open to the public. The initial cost would be $500,000 along with part-time trainers and staff.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    18 views1 page

    Proposal

    Uploaded by

    api-469529544
    The company is facing rising healthcare costs for employees, which doubled from $6,500 to $13,000 per employee last year. To address this, the memo proposes establishing an on-site fitness center that could help employees lead healthier lifestyles. Studies show exercise relieves stress and increases productivity. The fitness center could benefit employees and lower healthcare costs, while also generating revenue. Potential risks include employees not participating and difficulty generating revenue, but these could be addressed by making the center open to the public. The initial cost would be $500,000 along with part-time trainers and staff.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    To: Executive officer, Safety Manager

    From: Eric Garcia


    Sent: July 7th, 2019
    Subject: Benefits, Risks, and Costs of a Fitness Center

    Fitness Center

    Recently, there has been an increasing number of new employees joining the company. The
    main concern that has been arising is that the cost of health care for an employee has been
    increasing at an alarming rate. In the previous year, the health care cost was $6,500 per
    employee. This year’s cost has risen to $13,000, which is double from last year. If no action is
    taken, we will continue to see this trend.

    After some consideration, a method we can take to approach this situation is by establishing an
    on-site fitness center. What this fitness center can do for the employees is make them have a
    healthier lifestyle, for the 200 employees that we currently have. Studies have also shown that
    due to exercise, it relives people of stress, and it would make them happier and more
    productive. As you can see, this would benefit the employees as they would take advantage of
    this fitness center, but it would also benefit us, as we can generate more revenue, and it can
    also help lower the healthcare cost, if the employees were to use this fitness center.

    Although, we could potentially face more problems with this concept. Main problem being that
    the employees would not want to participate in this lifestyle, but hopefully, with it being
    complementary, it can convince them to join. And there may be an issue with generating
    revenue, but this can be easily resolved by opening the fitness center out to the public.

    The initial cost of this fitness center would be $500,000, along side with trainers and employees
    that would maintain the fitness center. These employees would be paid by the hourly wage and
    they would be considered part time.

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