Gallagher’s Best-in-Class benchmarking analysis identifies U.S. organizations that excel in optimizing employee and organizational well-being
Kentucky Employers’ Mutual Insurance (KEMI) participated in Gallagher’s 2023 U.S. Benefits Strategy & Benchmarking Survey and was identified as an organization that excelled in implementing successful strategies for managing people and programs. KEMI ranked in the top 14% of the Best-in-Class winners for its comprehensive framework for strategically investing in benefits, compensation, and employee communication to support the health, financial security, and career growth of its employees at a sustainable cost structure.
Designations like Gallagher’s Best-in-Class Employer help current and potential employees understand and appreciate an organization’s workplace culture and people strategy, which are important differentiators as employers compete for talent in today’s labor market.
A U.S. Best-in-Class Employer, KEMI was assigned points based on its relative performance in:
- Plan horizons for benefits and compensation strategies.
- Extent of the well-being strategy.
- Turnover rate for full-time equivalents (FTEs).
- Completion of a workforce engagement survey.
- Use of an HR technology strategy and its level of sophistication.
- Difference in health care costs over the prior year.
- Use of a communication strategy.
“KEMI understands that high employee expectations haven’t budged in the changing labor market and have regularly examined their formula to attract and retain talent,” said William F. Ziebell, CEO of Gallagher’s Benefits & HR Consulting Division. “In doing so, KEMI utilizes data, workforce feedback tools and clearly defined policies to provide competitive benefits and experiences that their employees value.”
“KEMI is honored to receive this recognition,” stated KEMI President & CEO Jon Stewart. “Ongoing review of employee programs is a priority to ensure we attract and retain the best talent in Kentucky’s workers’ comp industry.” Stewart continued, “We’re always encouraged when we hear from employees how much they appreciate our holistic approach to employee well-being, but the greatest satisfaction is how they care for our customers and one another.”
About KEMI
KEMI is Kentucky’s leading provider of workers’ compensation insurance with policyholders in all 120 counties throughout the state. We are rated A- (Excellent) by A.M. Best for our financial stability.
About the Best-in-Class Benchmarking Analysis
Gallagher’s U.S. Best-in-Class Benchmarking Analysis profiles statistically significant attributes of top-performing midsize (100-999 FTEs) and large employers (1,000 or more FTEs). Data from Gallagher’s 2023 U.S. Benefits Strategy & Benchmarking Survey was interpreted to identify participants that excel in optimizing employee and organizational wellbeing.
About Gallagher
Gallagher (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
Media Contact:
Ryan Worthen
KEMI Communications
rworthen@kemi.com
859-425-7800
Posted June 17, 2024