Reference no: EM13867831

Business Proposal to build a onsite gym

Installing a New On-site Gym

You are the Human Resources Vice President for a technology company headquartered in suburban Houston. You work in a multi-story office building owned by the company. Currently, 500 employees work in the building.

The basement of the building has 3,000 square feet of finished space that is currently empty. You believe installing a company gym in the space would be a terrific employee benefit and help the company too. The gym might be part of an overall Wellness Program.

Write a business report, including the financial rationale, to the CEO of your organization, Ms. Diana Prince, explaining why the company should (or should not) create an employee gym in the basement. Be sure to include the costs of the program and to spell out the financial benefits to the organization.

For your report, research and consider the following dimensions:

• Average cost of benefits for an employee

• Average share of benefits paid by employees, percentage or actual dollars

• Percentage of rising benefits costs in the last five years

• Costs for the gym: finishing the space, rental/purchase price of equipment, personnel, liability insurance, etc.

• Average percentage of savings in healthcare costs due to wellness programs

• Costs for alternatives, such as gym memberships

• Employee desire for on-site perks

• Other companies success/failure with similar on-site gyms.