vigor source 4 27 09 presentation
DESCRIPTION
Presentation for Project created for my Program/Project Management course.TRANSCRIPT
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Vigor Source’s Established Benchmarks:
Create Wellness Team Consultant staffing
Means of collecting data
Crafting an operating plan
Choose interventions and programsa. Legal complianceb. Tax initiatives c. Employee survey results
Create Supportive Environment d. Consultant team, onsite e. Select/Volunteer dept sponsor/liaison f. Web site
Consistently evaluate outcome a. database design/development
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Why should you consider Contracting a certified wellness
Company?
Average 28% reduction in sick leave absentees
Average 26% reduction in Health costs
Average 30% reduction in worker’s Compensation and
Disability management claims cost
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Vigor Source’s Moto
Enhance productivity, staff morale, corporate profits and general well being in workplace.
Health risk reduction, job safety, fitness and exercise activities, reduction of copayment or premium.
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Who will Benefit in your organization?
Employees who: are over weight or have difficulty maintaining healthy
weight
Want to develop a lifestyle that will prevent development of chronic disease
want to eat right to look and feel their best
want straight answers based on nutrition research
need nutrient dense, low-cost meal plans
want to eat to enhance physical performance and endurance
have cancer, cardio vascular dieses, diabetics, or osteoporosis that
requires nutrition therapy
Seek answers to environmental nutrition issues
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How a Partnership with Vigor Source Can Boost Your Bottom Line?
According to the Surgeon General:
the following risks currently translate into the following employer costs:
each smoker = $960 each overweight employee = $401 each employee with high cholesterol = $370 each employee with high blood pressure = $343 each inactive/sedentary employee = $130
the following risks impact on lost productivity : cardiovascular disease and stroke = $142.5 billion
obesity = $56 billion diabetes = $54 billion
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Health Risk Impact onBottom Line Continued…
General industry trends and current experiences: ROI (return on investment):
Stanford University survey:: $1.49 to $4.91 for every $1.00 invested Ipsos survey:: $2.30 to $10.10 for every $1.00 invested Meta-review of 42 studies:: median of $5.93 for every $1.00 invested Motorola:: median of $3.93 for every $1.00 invested
Reductions in filed claims: in 24 months, Northeast Utilities reduced their claims by
$1.4 million
Projected long-term savings: Caterpillar projects saving $700 million by 2015
Average annual health care savings: Johnson&Johnson is saving $224.66 per employee
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Smallbiz Potential Return On Investment (ROI)::
Cost Categories Amount
Labor (MS Nutritionist, FT, has license and certification) $58,125
Labor (BS Fitness Trainer, FT, has license/certification) $36,875
Labor (BS Nutritionist, PT annual interning while pursuing MS) $28,125
Labor (Fitness Trainer, PT, licensed/certified) $22,500
Equipment HW (Computer, peripherals):: [4 units @ $500 ea] $2000
Equipment SW (MS Office-Professional) $549 (one time fee)
Database design and development services rendered by Vigor Source DBA $3,000 (one time fee)
Database management (backup/restore) services rendered by Vigor Source DBA $500 (yearly)
Website membership & company profile fee for Vigor Source web services $500 (yearly)
annual investment $146,625
ROI (conservative $3.00 : $1.00) $439,875
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08-0900 09-1000 10-1100 11-1200 12-1300 13-1400 14-1500 15-1600 16-1700
Contract-1 1 1 1 1 1 1 1 1
Contract-2 1 1 1 1 1 1 1 1
Contract-3 1 1 1 1
Contract-4 1 1 1 1
contract Consultants annual
1 FT-Nutritionist:: MS (licensed & certified) -- 40hr/wk $58,125
2 FT-Fitness Trainer:: BS (licensed & certified) -- 40hr/wk $36,875
3 PT-Nutrtionist:: MS (2ndYr student, intern) --20hr/wk $28,125
4 PT-Fitness Trainer:: Licensed/certified, no degree --20hr/wk $22,500
$145,625
Consultant Scheduling::
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Future Developments and Improvements Regarding Financial Metrics:
Currently the only solidly determinable financial return is return on investment (ROI). Other financial metrics are still being studied, developed and evaluated for future effective deployment.
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MIS Services Provided by Vigor Source
Database design, development, and deploymentClick ‘n Mortar:: onsite consultant staffing and web-
base services available 24/7
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Legal Compliance: Employer-based Wellness Programs Must Comply with ‘Acts’ and ‘Codes’ of the Law
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Initiatives: Federal and State Benefits/ allowances for Qualified Employer-based Wellness Programs
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Participation: Employee Participation and Metrics
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Why click ‘n mortar?
Using technology in innovative ways to : keep connected with customers onsite consultant staffing provide 24/7 accessibility to information for making informed healthy choices. They can stay up to date with our product, services, and news.
They will be able to use self service tools to evaluate progress of their current life style.
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Successful Customer Service via the Internet
1. Give Value to Customers
2. Focus on Win-Win Situations
3. Focus on Customer Service
5. Design the Web Site with Customers in Mind
4. Team Up with the Right Partners
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EOIP
Employee Responsiveness…..
Encourage Employee
EngageOpportunity Increase Participation
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Cont…The National geographic society (2000) did a survey and found that 80,0012 users From 178 countries spend at least 44 minutes at any given time answering the survey questions.
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Realistic Success
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Assumptions and Their Impact:
Assumptions: At least one, or all of the tax initiatives being considered by Congress will be passed into law.
Impact if assumption is incorrect: Smallbiz Company may incur full tax accountability.
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In Summary:
In completing this project, we hope to provide and/or establish:
Improved health/wellness of Smallbiz employees; therefore, Smallbiz’s productivity
Guidance and direction on employee nutrition, health and worksite health promotion programming
Advocating to provide health and nutrition education at every level within the organization – top management, program development, and implementation