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MBNA Fitness Center

MBNA Fitness Center. MBNA FITNESS CENTER. Background: MBNA bank branch in CA. Recently launched a wellness program Fitness Center as part of the wellness initiative. Adequate space available. MBNA FITNESS CENTER. Overview of Project Proposal for on-site fitness center

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MBNA Fitness Center

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  1. MBNA Fitness Center

  2. MBNAFITNESS CENTER • Background: • MBNA bank branch in CA. • Recently launched a wellness program • Fitness Center as part of the wellness initiative. • Adequate space available

  3. MBNAFITNESS CENTER • Overview of Project • Proposal for on-site fitness center • Introduce employees to a healthy lifestyle

  4. MBNAFITNESS CENTER • Problem • Increase Healthcare costs • Increase in Absenteeism • Costs hurting the bottom line

  5. MBNAFITNESS CENTER • Project Objective • Increase employees health • Reduce costs • Decrease in unscheduled absenteeism • Decrease in company healthcare costs

  6. MBNAFITNESS CENTER • Project Objective • Increase employees health • Reduce costs • Decrease in unscheduled absenteeism • Decrease in company healthcare costs

  7. MBNAFITNESS CENTER • Costs Project Cost = $71,465 Design $325 Material $18,195 Fitness Equipment $35,932 Labor $17,013 Current Costs Absenteeism Cost per employee/per hour $50 Average employee health cost per year$6,300

  8. MBNAFITNESS CENTER • Benefits • # Unscheduled absent work days: • 2002 : 3,500 unscheduled absent days • Totals cost (8hrs x $50 x 3,500) = $1.4 million • Drops by 8% in the first year • 3,220 absent work days • Total savings = $112,000

  9. MBNAFITNESS CENTER

  10. Success Cost Total Risk Probability 70% $71,465 $50,025 YES Failure Build Fitness Center Probability 30% $90,000 $27,000 $77,025 Success NO Probability 40% $30,000 $12,000 Failure $150,000 $90,000 Probability 60% $102,000 MBNAFITNESS CENTER

  11. MBNAFITNESS CENTER

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