Business Report Writing Formal Report

Only available on StudyMode
  • Download(s) : 170
  • Published : November 10, 2011
Open Document
Text Preview
MEMORANDUM

DATE:November 29, 2010

TO:James Martin, Director of Human Resources

FROM:Name, Assistant Director of Human Resources

SUBJECT:Wellness Program Recommendations for Technicraft, Inc.

Attached is the report on the implementation of corporate wellness programs.

Due to rising health benefit costs and a rising number of health benefit claims, you requested that I investigate the implementation of corporate wellness programs as a way to reduce company costs. In order to determine whether it would be possible to improve employee health and lifestyle habits, while also cutting company costs, I analyzed the results that several companies had after launching their own wellness programs. I also considered and researched the potential disadvantages of implementing a wellness program. After a thorough investigation of all of these factors, I recommend that Technicraft, Inc. implement a corporate wellness program in order to improve employee health and productivity and reduce or stabilize company health benefit costs.

I have enjoyed researching this topic and would like to meet with you to discuss my recommendation. I will call you early next week in order to schedule a meeting time or you may contact me at extension 5555.

WELLNESS PROGRAM RECCOMMENDATIONS FOR TECHNICRAFT, INC.

Prepared for

James Martin, Director of Human Resources
Technicraft, Inc.
4501 West 92nd Street
Indianapolis, IN 46260

Prepared by

Name, Assistant Director of Human Resources
Technicraft, Inc.
4501 West 92nd Street
Indianapolis, IN 46260

December 5, 2010

TABLE OF CONTENTS

Item Page

LIST OF ILLUSTRATIONSiii

EXECUTIVE SUMMARYiv

OVERVIEW1

TECHNICRAFT, INC. HEALTHCARE INFORMATION3

BASIC TYPES OF WELLNESS PROGRAMS5

OVERALL WELL-BEING AND HEALTH OF EMPLOYEES7
Current Employee Health and Habits8
Changes in Overall Health as a Result of a Wellness Program12
Changes in Habits as a Result of a Wellness Program13

WELLNESS PROGRAM EFFECTS ON TOTAL COST AND CLAIMS15

POTENTIAL DRAWBACKS OF A WELLNESS PROGRAM16

SUMMARY AND CONCLUSIONS17

RECOMMENDATIONS20

REFERENCES22

APPENDIX24

LIST OF ILLUSTRATIONS

Tables

1. Percentage of US Employers Offering Wellness Programs in 2009 versus 20077
2. Employee Health Survey Results8

Figures

1. Health Benefit Rates Between 2004 and 20084
2. Health Benefit Claims Between 2004 and 20084

EXECUTIVE SUMMARY
In the last few years, corporate employee wellness programs have been gaining popularity. Companies are using wellness programs not only to cut rising health benefit costs, but also as a way to attempt a reduction in employee absenteeism, improve productivity, improve presenteeism, reduce employee injuries, as well as improve employee morale and retention. The purpose of this report is to research the results several companies have had after the launch of their wellness programs. This report will help determine whether implementing a wellness program at Technicraft, Inc. can improve the overall health and well being of employees as well as lead to a reduction in health benefit claims and cost. The factors that were researched in this report are as follows: Technicraft’s current health care plan including the cost to employees as well as the cost to the company, the current health of Technicraft employees, other companies’ results after the implementation of a wellness program (including the effects on their employees’ overall health, any changes in employee habits, and the effect on health care cost and claims), as well as the potential drawbacks of implementing a wellness plan.

Cost is the primary reason for the company’s decision to investigate the possibility of implementing...
tracking img