While most organizations were cutting employee benefit plans, Exude was able to add new benefit plan enhancements while delivering a 0% medical renewal increase.
Saved 20% on employee benefit costs in year one
Redesigned key business processes to attract and retain talent
Client saved 20% on property and casualty insurance premium.
Reduced RX/Medical utilization by 15% and workers compensation by 10%
Our holistic approach saved the client time, money and resources during a period of rapid growth.
Improved the employee benefits communication and overall employee experience through Exude’s dedicated employee benefits team.
In the end, under intense time constraints, Exude was able to provide our client a comprehensive yet simple benefits package that is competitive in the marketplace to attract and retain talent and meet the financial objectives of the organization.
In the end, Exude was able to provide our client a program that not only mitigated the 17% increase, but also ended in a savings of $148k over the fully insured renewal.
By creating intentional HR touchpoints we created a more engaged, connected staff that better reflected their employer brand and delivered their desired employee experience.
Through an organizational health assessment, Exude got to the root-cause of culture/engagement issues.
The implemented level-funded program allowed the employee plan designs as well as payroll contributions to remain unchanged for the first time in 5 years!