Situation
Since the onset of our partnership in 2009, Exude works as the trusted advisor for this Philadelphia based nonprofit. Through understanding their long-term business goals and talent management strategy Exude has provided an employee benefits consulting strategy that integrated employee wellness and decreased healthcare costs.
Solution
Through our holistic approach, we determined a solution that not only revamped their employee benefit strategy and plan designs but also improved the well-being of each employee. The strategy we created integrated employee wellness, employee benefit plans, and the business’ overall values and goals.
Result
- Moved their employee benefit plan to a self-funded, captive arrangement.
- Saved them 20% on healthcare costs in year one
- Saved them 26% on healthcare costs in year two
- Introduced and rolled out onsite biometric screenings to improve wellness
- Implemented Cultural Wellness Programs which drove employee engagement