Estimate value of benefit associated with wellness program

Assignment Help Operation Management

Reference no: EM132224624

Suppose John works for a company that provides an annual income of $60,000 and a fringe rate of 20%. Let working days be 250 in the year. The company has decided to implement a wellness program that gives its employees incentives, tools, and strategies to adopt and maintain healthy behaviors. The wellness program has been proven to be effective in reducing employee absenteeism. Before the program, participants missed an average of 18 days of work but after the program the average was only 6 days. Estimate the value of the benefit associated with the wellness program.

Reference no: EM132224624

Questions Cloud

What is motivation for industry to participate : How can companies, governments, and consumers be motivated to reduce, reuse, and recycle? What is the motivation for industry to participate?

Discuss advantages and disadvantages of bullwhip effect : Discuss the advantages and disadvantages of the bullwhip effect. What does the community engagement include?

Calculate the change of entropy : If after reaching 500°C the gas then rejects heat at constant volume until its pressure is reduced to 50 kN m-2, calculate the change of entropy

Health care origination needs environmental analysis : An example of a question that is not relevant to determining if a health care origination needs environmental analysis is

Estimate value of benefit associated with wellness program : Estimate the value of the benefit associated with the wellness program.

Define what a white elephant is in project management : Define what a “white elephant” is in project management. Provide a real-life example.

What is the thermal efficiency of the carnot cycle : What is the thermal efficiency of the Carnot cycle - provides a measure of the maximum thermal efficiency achievable for a heat engine

The company needs to supply its wholesale customers : why would Finagle A Bagel build a dough factory that has more capacity than the company needs to supply its wholesale customers?

Mrp systems are the preferred method for managing dependent : MRP systems are the preferred method for managing dependent inventories. Why is accurate inventory such an important issue at Wheeled Coach?

User Account

All Pages