Internal Proposal

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Added : 2016-03-03 Views :53K

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Internal Proposal




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Internal Proposal

LA Fitness: How can we increase EFTs?

Slide2

What’s the problem?

LA Fitness is a company that strives to provide the most comfortable working and exercise environment for those who enter its doors.As a business, we must also strive for productivity and profitability.As of 2013, EFTs have dropped from 5 million to 3.1 million.We need to do better

Our MOTIVATION level tank needs to be FILLED UP.

Slide3

How do we solve this problem?

With each EFT cleared up, LA Fitness earns on average of $35

Average salary of front desk/EFT staff member= $8.00/

hr

Average front desk/EFT shift= 4

hrs

One EFT clear up covers 95% of a staff members daily shift salary

EFT staff member, on average, can produce 15 EFT clear ups in 4 hour shift

LA Fitness needs to hire more EFT staff members

EFT clear ups are easy money, but the staff to produce them aren’t availiable

Proposal includes each facility to increase EFT staff by 4 individuals and increase shift to 6 hours, from the regular 4 hours.

Slide4

Cost analysis

$8.00/hour staff salaryEach clear up yields $35 profitCurrent: $8.00/hr x 4 hours = $3215 EFTs x $35 = $525$525-$32 ( salary ) = $493 profit on each shift

Currently, we are making pocket change!!!!

Slide5

Cost analysis

Proposal:$8.00/hr x 6 hours = $4830 EFTs x $35 = $1,050$1,050-$48 = $1,002Over 50% profit increase by adding 2 extra hours.

We need to be making REGISTERS full of PROFIT!

Slide6

How do we do this?

May:

Each Operations Manager hires 2 extra staff members

Begin training them for EFT

Determine most productive hours by doing time study

Slide7

June

Begin staffing for EFT

Document and track EFT ratios and productivity per hour

If staff aren’t producing, hire new staff or rotate staff to increase productivity

Report back to District Managers with results and opinions on long term plausibility of proposal.

Slide8

In conclusion

We need to produce productivity and productivityEach staff need to be retrained and new staff brought onMore hours per shift will increase profitability and increase employee morale as commission is involved (included in profit analysis)

LET’S ROLL THE DICE AND SEE IF A SIMPLE CHANGE CAN CHANGE THIS COMPANY FOR THE BETTER!

Slide9

Transmittal letter

On behalf of LA Fitness, I am delighted to present this proposal regarding how EFTs and productivity can be decreased. From a previous round-table discussion, the points discussed are included in this proposal.

Increasing Profitability

Increasing Hours

New staff

Analysis of proposal after one month

Operations Manager opinions

As a company devoted to bettering the lives of individuals who want to better their health and lifestyles. But as a business, in order to remain helpful in many lives, we must make a profit so we can increasingly better our company for everyone.

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Thank you

THANK YOU TO EVERYONE FOR YOUR TIME!!!!

LET’S MAKE THIS A GREAT YEAR!

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