Eldeco Nominated as Finalist for Arthur J. Gallagher & Co.’s High Performing Health Plan Award
Eldeco’s strong company benefits continue to expand and grow—driven by the company culture and the desire for employees to seek overall health and wellness.
GREENVILLE, SC, July 28, 2017—Eldeco was honored to be one of the three companies nominated for the Southeast High Performing Health Plan Award at the 2017 Arthur J. Gallagher & Co. HPHP Summit in May. Arthur J. Gallagher & Co. considered the health plans of over 1,400 of their clients to determine the nominees for this prestigious recognition. This award is specifically intended to reward companies that “don’t hang their hats on being average,” according to their Summit website, and considered such criteria as having below average medical trends for the last three years, company wellness participation at 60% or higher and overall creativity in plan design.
Eldeco started making significant changes to their benefit plans in 2009 due to a “wake up call,” as CFO Steve Reynolds described it. “Costs went through the roof – we were seeing rising double digit increases impacting the company as well as the employees.” Many changes came out of this realization, but the first and most significant was the Eldeco Wellness Program. This Wellness Program provides a wealth of opportunity for employees to benefit in multiple ways. Eldeco partners with WellAware Founder Jessica Shuford, who reviews all physical results and reaches out to employees who have high-risk areas identified during their labs. Jessica works with the employees to help them pursue treatments and start making decisions to lead to a healthier lifestyle. “[Employees in] our industry are constantly traveling, and many do not have easy access to their primary care physicians,” said Michelle Reed, Eldeco’s Director of Human Resources. “Partnering with Jessica gives us a way to help bridge that gap for them.”
During the eight years that the Wellness Program has been in place, employee participation has always exceeded 65% and averaged 82%. Employees are taking advantage of the Wellness Program in ways that have had significant impacts. Yearly reports show substantial and continual decreases in the overall BMI, Blood Pressure, Glucose and Cholesterol levels of the company employees. “The most exciting thing about our Wellness Program is seeing the individual victories and knowing that we have been able to affect our employees in such a positive manner,” says Reed.
Eldeco’s Company Culture is built on five Core Absolutes – the first of which helps shape and support all of Eldeco’s benefit offerings. “People are our greatest asset.” “We need to care about each employee as a person – they are part of our family, and we want to take care of them in a 360-degree way – helping everywhere we can,” says Reed. In order to ensure that employees have the support and access they need, Eldeco has doubled the size of their HR department in the last year – hiring people who have passion and zeal for communicating and assisting their employees in every aspect of the employee’s life cycle.
So what does the future hold for Eldeco and their company benefits? “Well, this is the fun part,” says Reynolds, “strategically thinking through the options available and consulting with experts in their field to guide us as we move forward.” In the future he sees the opportunity to “embrace technology in our drive to change people’s lives for the better.” But overall, he emphasized that Eldeco’s main focus will always be “continuing to give employees the opportunity to say, ‘I want to make a change,’ and giving them the tools they need to do it.”
Eldeco is a privately-owned construction and electrical design contracting company in the Southeastern United States. Eldeco employs an average workforce of over 500 experienced craft employees supported by four branch offices. In 2016, they also added a fabrication division in Richburg, S.C., allowing Eldeco to broaden their diversity. With over 42 years in business, Eldeco has consistently been known for their commitment, knowledge and excellence in the industry. For more information, visit www.eldecoinc.com.