Defined Contribution and Implementation of Private Exchange Helps Company Align its Business and Reward Strategies to What Employees Value

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A client recently experienced double-digit growth in revenue and employees and wanted to review their benefit programs to create more of a link to their overall business and reward strategies. The client also knew employees were unhappy with the current benefit plan offerings. Through a Total Rewards Assessment, employee survey and analysis of the client’s workforce, Gallagher recommended improvements to various reward programs as well as a move to a defined contribution strategy and implementation of a private exchange.