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Business Case TemplateThis template has been provided to help people prepare documentation for their own organization. It is for reference only and will have to be expanded and adapted to suit the needs of each organization. Detailed data related to current benefit costs, age of workforce, absenteeism, injury costs, etc. can be collected from your own organization. This type of information is needed to demonstrate the financial incentive for your organization to invest in active lifestyle strategies. Things to consider before you start
Conclusions that have been reached by researchers
Setting up your Business Case
This section should include:
Setting up your Business Case Menu The costs of physical inactivity In essence, this section projects or forecasts the costs of physical inactivity to your specific organization. This section should include:
For example, if you know that 80% of the employees in your organization are over 50 and that health-care costs for those over 50 are twice as high as for those who are 25, you can forecast the additional cost to your organization as your workforce ages. Setting up your Business Case Menu The benefits to employers/employees of physical activity This section should include:
Setting up your Business Case Menu Why the organization should consider the idea This section should include:
Depending on how this idea came into being in your organization and the current stage of your workplace wellness programs, you may have the results of the workplace survey in hand before you start. If you have not checked out this idea with employees and their unions, then a workplace survey to see if the idea is supported is a critical first step. These programs cannot succeed without employee support. In fact, you may have to do the Business Case in two stages the first to get senior management interested and secure permission to proceed with a workplace survey; and the second to do a full-fledged cost/benefit analysis. Setting up your Business Case Menu Principles to guide the development of a program This section should include:
Setting up your Business Case Menu Recommended scope and objectives of the program This section should include:
Setting up your Business Case Menu The costs will depend on the type of program that you intend to initiate. Researchers have concluded that you need to establish benchmarks and measures up front so that you can measure results over time. These costs need to be built into the program up front. It is estimated that, over five years, you should see a return on investment of $3.43 for every $1 invested. To achieve this, you will need to measure the progress of participants to those of non-participants. Things that contribute to your return on investment:
Setting up your Business Case Menu Projected cost/benefit analysis for the organization Check out Trends & Impact -- The basis for investment decisions to help you develop this section. Your own organizations' statistics will have to be mined. You will need:
Setting up your Business Case Menu Measurement, outcomes, and evaluation This section should tell the organization how you will measure results. Typically, performance measurement enables an organization to:
Setting up your Business Case Menu In this section you will need to explain the overall results you are anticipating for your organization. Remember to include quality of life aspects that will help to make your organization an 'employer of choice'. Setting up your Business Case Menu You may use or adapt the following mission statement when developing your business case for active living in your workplace: 'To create a workplace environment which encourages employees to incorporate physical activity into their daily routine and which values active living as an essential part of both personal and corporate well-being.' Setting up your Business Case Menu
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