Have you ever thought about building a gym for your employees to use at their leisure? You may think that spending so much money to keep your staff away from work makes no sense, but corporate gyms have shown time and again that they actually boost your employees’ productivity and workplace satisfaction. Ultimately, it is your bottom line that benefits.
However, financing a gym within the premises of your business can be challenging. First Capital Leasing is here to help. Having loaned and leased fitness equipment to small businesses in the Calgary region for more than 25 years, we are fluent with all the ins and outs of launching a corporate gym initiative. With a 95% approval rate on our loans and leases, we offer extremely competitive and flexible fitness financing options that are sure to meet your budget. To finance your corporate gym with First Capital Leasing, call 403-255-5508 or fill out the online contact form.
Why Financing A Gym For Your Corporate Office Makes Sense
Building a gym from scratch on the vacant floor of your business can be expensive. More importantly, the payoff can be difficult to measure, at least monetarily. For many business owners, subsidying a gym is like throwing money into the wind.
This could not be more wrong. On the contrary, cost-benefit research has shown that corporate gyms save $1.15 to $5.52 per dollar spent.
Here are some reasons as to why financing a corporate gym can actually help you save money in the long run:
- Increase your employees’ focus: Did you know the average office worker spends less than 3 hours per day doing real work? Your employees may be physically at their desk from 9 a.m. to 5 p.m., but you know they are not present and focussed on work more than half of the time. A major reason why employees are so unproductive is that people are not simply programmed to focus for 8 hours straight. When forced to do so, they lose interest and begin procrastinating. Giving them the option to go to the gym can help their brain recharge. A quick 15 or 20 minutes workout is sufficient to rekindle their concentration. Your employees may spend less time in front of the computer, but the hours they do spend behind the screen will count for more.
- Increase your employees’ health: If there is anything more important than work, it is health. So when your employees are not feeling well, they will not be coming for work. In Canada, companies lose an estimated $16.6 billion dollars per year due to employees calling in sick. Most of these impromptu sick days stem from stress and mental health issues. A corporate gym can be an effective solution to relieve work-related stress. Exercise increases the brain’s production of endorphins, neurotransmitters that make people feel good. Plenty of studies have shown that physical fitness is directly associated with lower absenteeism.
- Increase job satisfaction: A corporate gym can help your employees appreciate their job more. According to a 2019 study from the University of Oxford, happy employees worked faster, made more calls per hour, and achieved 13% more sales in comparison to their unhappy colleagues. No matter what line of business you and your employees are in, the same logic should apply. Make your employees happy, and they will pay back in kind.
- Attract and retain talent: Most businesses may have a ping-pong table gathering dust in the lounge, but few offer their employees a gym. On-demand access to fitness amenities could set you apart from your competitors and could be the deciding factor that makes a candidate choose you over another company. The added convenience can be a compelling perk for current employees and increase employee retention.
By offering multiple benefits to your employees, a corporate gym directly contributes to your revenues. Indeed, a gym can help your staff focus better, improve their mental health, and increase their job satisfaction. This is not to mention that a gym can be used as an attractive perk to entice potential hires and to hold on to current workers.
If you are intrigued by the benefits a corporate gym can bring to your company, partner with First Capital Leasing to make it happen. We have helped hundreds of businesses in Calgary just like yours to procure, finance, and lease assets and equipment that they could otherwise not obtain. Call 403-255-5508 or fill out the online contact form to work with us.
How do I get started with First Capital Leasing?
We have an easy application process. Apply Here. And once you have applied, there is no need to apply again. We will continue to partner with you for all your business financing needs.
Is there a maximum financing amount I can secure?
There is no maximum. We want to work with you to ensure you can secure the trucks or other vehicles you need. Contact our team to explore your options for commercial financing.
What types of assets can I finance through First Capital Leasing?
We can provide financing solutions for equipment across nearly all industries. Some of the most common industries we provide equipment leasing for include construction, agriculture, automotive, fitness, and technology.