In this assignment, your quantitative reasoning skills will be assessed at the “introduced” level. The Quantitative Reasoning rubric will be useful for this purpose. Then in HRM520 your quantitative reasoning skills will be further assessed at the “reinforced” level. Finally, in HRM599 your skills will be assessed at the “emphasized” level.
This assignment requires you to:
Complete 3 tables—one each for Health Care Costs, Absenteeism, and Presenteeism.
Use relevant data from the 2018 Employer Health Benefits Survey for as many table categories as possible, such as annual health care costs, health insurance premiums, annual cost increases, and so forth. Some of the data needed for the three tables are not included in the survey. For those, you have the discretion to use relevant data from other reliable sources. The article Wellness ROI versus VOI contains additional information.
To determine your quantitative reasoning skills, it is important you analyze, synthesize, and report your findings in a 3-page paper (not counting the title page, reference page or appendices). You do not need to complete all categories of the tables, but complete as many as possible. The basic requirement is to compile and plug-in sufficient data within each table necessary to analyze and report your findings.
Feel free to use the same data for each table, but you should try to use examples of data that show significant differences when calculated.
Follow this link to three calculators at https://www.wellsteps.com/blog/2018/01/10/wellness-roi-employee-wellbeing-programs/.
Watch the videos and use the calculators provided to calculate the possible impact on health care costs, absenteeism, and presenteeism of wellness programs. (Adobe Flash is needed to view the videos.)
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Prepare three tables in Word to show the data you choose. Your tables should be set up like this:
Health Care Costs:
Health Care Costs:
Annual Health Care Costs
Annual Cost Increase
Number of Employees
% of employees obese
% that are smokers
Target percent obese
Target percent smokers
Example H1:
Example H2:
Example H3:
Absenteeism:
Absenteeism:
Annual Health Care Costs
Annual Cost Increase
Number of Employees
% of employees obese
% that are smokers
Target percent obese
Target percent smokers
Example A4:
Example A5:
Example A6:
Presenteeism:
Presenteeism:
Annual Health Care Costs
Annual Cost Increase
Number of Employees
% of employees obese
% that are smokers
% of employees 1 or more risk factor.
Target percent obese
Target percent smokers
Example P7:
Example P8:
Example P9:
Using critical thinking skills to prepare your narrative, you should summarize and analyze the data. Do not merely repeat the numbers from your tables without analyzing the findings and making recommendations for employers (and employees).
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