In less than two weeks, Gallagher proposed a strategy that had the potential to save the organization an estimated $2.4 million.
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The journey to Gallagher

A legacy decision-maker at a nonprofit, higher education organization sought new opportunities to improve their workforce strategies. With a desire for change, they aimed to find a partner to revamp their benefit plans, innovate their approach, contain costs effectively and explore self-funding.

Case Study

Client Profile

Industry

Nonprofit and Higher Education


Number of employees

600


Geographical region

Northeast US

Crafting the roadmap of solutions

Gallagher recognized the importance of innovation and the need for a data-driven approach. By engaging with the organization and leveraging specific data, Gallagher consultants used Gallagher Drive®, a tool to analyze workforce data and offer unique insights. Armed with data-driven insights, Gallagher crafted a roadmap outlining tangible strategies to optimize financial savings and drive success.

Data-driven insights

Gallagher provided a breakdown of cost components and opportunities within the organization's current benefit program. By using past, current and future data analysis, the team shed light on the necessity for recalibration and data-driven negotiations with carriers.

Innovation

Implementing advanced HR technology helped rectify previous HR tech missteps and strategies while also guiding the organization towards future innovation.

Cost containment

Harnessing critical workforce data allowed for tailored benefit solutions that facilitated sustained cost containment strategies, presenting a potential savings of $2.4 million.

Self-funding

Data projections for future potential with the 2024 renewal sparked discussions on self-funding strategies, paving the way for sustainable innovation.

By optimizing benefit plans and containing costs effectively, Gallagher empowered the organization to allocate resources towards its continuous goal of ensuring their educational experiences remain accessible to their community while also supporting and prioritizing its workforce.

Contact your Gallagher consultant to learn how Gallagher's data-driven approach can help your organization.

Disclaimer

Consulting and insurance brokerage services to be provided by Gallagher Benefit Services, Inc. and/or its affiliate Gallagher Benefit Services (Canada) Group Inc. Gallagher Benefit Services, Inc. is a licensed insurance agency that does business in California as "Gallagher Benefit Services of California Insurance Services" and in Massachusetts as "Gallagher Benefit Insurance Services." Neither Arthur J. Gallagher & Co., nor its affiliates provide accounting, legal or tax advice.