Executive Summary
An on-site fitness center for Texas Instruments will prove to be advantageous to the company as well as its employees. Studies show that employees who exercise regularly are more productive, efficient, and pleasant to work with. Texas Instruments has the capability to increase employee retention, recruitment, and revenues by investing in a fitness center through Health Fitness Corporation.
Health Fitness Corporation provides on-site fitness centers for numerous prestigious companies such as Best Buy and Federal Express. The positive relationships and results have more than qualified Health Fitness Corporation to provide Texas Instruments with a unique facility, designed to meet all of their personal needs. Among
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Purpose
The following proposal will elaborate on the remunerations of opening an on-site health center for the Texas Instruments location in Dallas and on the benefits of doing this project through Health Fitness Corporation. Included is an overview of Texas Instruments' current status, an explanation of the benefits to both the employees and the corporation of Texas Instruments, and a timeline of how quickly and easily this project may be executed. There is also a brief description of the success Health Fitness Corporation has delivered to other companies, followed by financial information about the gains Texas Instruments can expect to see upon completion of this project.
Why Invest in a Health Center?
Benefits to Texas Instruments
Company officials are just becoming aware of the benefits exercise has for the company. While having a healthier body may help each individual employee, the benefits to the company are numerous as well. With today's fast-paced workplace, the demand for sharp employees is greater than ever. In a study by Purdue University it was shown that people on moderate exercise programs have the ability to solve problems 25% faster with 25% greater accuracy. In the workplace, this translates to large gains in productivity. Exercising also reduces stress. Employees that are under less stress are more likely to have a larger output. Healthier employees are also less likely to need regular visits to their doctor. This means that in the
Since corporations tend to plan in a larger way, rather than small, LA Fitness would like this group of stakeholders to believe the company is one of the best internationally to plan, organize and coordinate special fitness events and programs because of its high customer focus and numerous contacts for them and their employees.
The fitness industry can be categorized into four fields which are fitness sites, fitness goods, fitness media and fitness services. These field elements do not work in isolation but in cooperation and competition. Hence, there are arrows interconnecting the various field nodes.
The health club industry has continued to see an increase in the amount of health clubs/fitness centers. Since 1992, the United States has seen the number of health clubs increased by almost 40 percent, from 12,635 to 17,531 facilities. It has also seen an increase in membership by almost 60 percent, from 20.8 million to 32.8 million. What this all means for Fun 4 Life Fitness Center, LLC is that the market is ever growing which translates to more competition. Most fitness centers offer a variety of services to address the needs and convenience of the customers. Some of these services includes personal trainers, facilities with state-of-the-art equipment, and programs that cater to mostly every demographic.
Those who wish to stay physically fit will enjoy using the fitness center available on the property for all residents as well as taking laps in the pool. There is a business center for those times that something needs to be faxed or printed and laundry facilities are on-site to make that chore more convenient.
The company has paid health club memberships for all employees, including buses run regular routes to transport employees to and from the campus to the gym (Benefits).
The first is the Campus Recreation Service that the employee pays fitness class fees. The is a pre training assessment, workout or fitness class. The pre-training assessment measures blood pressure and heart rate, strength, endurance, and body compositions. The second is the PEAK Health, Fitness, and Wellness that employee pays for half of fees that includes several options. There is a Bod Pod Composition Measurement, Fitness Assessment, Health and Wellness Coaching, and Nutrition Consultation.There is also Fitness classes, Nutrition Workshops and Personal Training/Exercise Prescriptions. The PEAK classes focus on helping day-to-day nutritional and exercise. These programs help prevent acute illnesses from developing into chronic diseases with hopefully improving the overall health of the
La Fitness Franchise Startup Cost, Profit Margin, Revenue and Locations LA Fitness is a widely known Health Club firm based in Irvine, California, Los Angeles, United States. In this article, we shall explore LA Fitness as a company and the franchise opportunity it offers to entrepreneurs and business persons. We shall commence by focusing on the antiquity of the firm. We shall then go ahead and look at the cost required to start-up an LA fitness franchise and the fee that the company asks its franchisees. We shall also be pondering the training and supports that the firm extends to its franchisees.
Effective and efficient companies will need information on the country and the industry before setting up their operation in the stated area. This report focuses on Fitness First as one of the leading global health club companies and Singapore as the chosen country. The purpose of this report is to provide the PESTLE analysis on Singapore along with the Porter’s 5 forces analysis on fitness industry in the country, to understand how the company entered the industry’s market. The structure of this report will be as following; company background, country background, PESTLE analysis, Porter’s five forces, strategic recommendations, and the conclusion.
Business owners, whether big or small, are realizing the importance of carrying packages with lucrative employee benefits and programs in order to both attract and retain valuable, skilled employees for their companies. These benefits can include more paid vacation time, better health and dental insurance plans, more personal leave days and better retirement savings plans. Recently though, with a nation-wide concern over obesity and health trends like veganism and Cross Fit on the rise, health wellness programs are now
Resources that will be explored to build the virtual fitness program app are commercial off the shelf (COTS), contractor to build the program or the IT department ability to build programs. A cost analysis would be completed to determine the most cost-effective way for implementing this initiative. We must consider initial cost which include hardware, software, training, maintaining systems, licenses, hosting, and upgrades. As part of this initiative, we would include the development of a three-tier membership program. The first-tier membership would cover all the programs that the club has to offer to include the virtual fitness programs. The second-tier membership would cover only in-house programs while the third-tier would only cover the virtual fitness program. By offering this type of membership, the fitness club is giving different options and allow the member to decide which suits them better both in their fitness program and within their budget. The good thing about it is, a member can upgrade their membership at any time to
A big thing for employees working out during work time is finding time and spending money for a gym membership or a rec place. With finding time companies should allow certain days or hours a person can go and work out. If companies started to pay for different workout memberships or at the gym then employees wouldn’t have to stress over paying for an exercise class. What companies need to do is have days out of the week where they let their employees go and work out. If companies want better employees and that are more productive than they need to highly think about letting their employees exercise on work
The Company operates four separate fitness brands: “Equinox Fitness” (luxury brand, and the focus of this paper), “PURE Yoga,” “Blink Fitness” (economical brand),
At Fitness Work!, we tie worker productivity directly to the health care issue. We believe that traditional approaches to the current health care crisis are misdirected. These traditional efforts are what we call “reactive”; which mean that they wait until after the worker has been stricken with illness or
The company decided to foray into the fitness industry owing to the scope of growth over the next five years. The fitness industry in the USA is expected to make a profit of $102.2 million in 2014 with trends indicating annual growth at the rate of 0.5% to $1.9 billion in 2019 (Carusotto, 2014). The IBIS World report contains findings that the industry is declining as a whole and the concentration of such establishments across the country is very low, with relatively moderate technology change (Carusotto, 2014). ‘On The Ball’ claims that this allows for new product innovations to find it’s
The fitness industry is one that is rarely thought of as an electronic industry. However, in recent years, more and more fitness related smartphone applications including workout planners, calorie counters, support forums, and many more fitness centered resources have become available to the public. This big move from time sensitive face-to-face fitness instruction to convenient face-to-screen instruction has changed the way that the fitness industry operates. With the rising rollout of fitness apps geared toward the convenience of the user, fitness instructors, personal trainers, and the like have had to go to extreme measures in order to keep up with the rapidly changing digital fitness environment. This paper will outline the evolution of the fitness industry to illustrate its move from an entirely brick and mortar operation to a largely electronic industry. This paper will also discuss the reasons behind the switch and the pros and cons associated with each way of getting fit.