North Carolina public power utility Fayetteville Public Works Commission (PWC) has been named a best-in-class employer after scoring in the top quartile of midsize employers that participated in a 2021 benefits strategy and benchmarking survey conducted by consulting firm Gallagher.
PWC was recognized as an organization that provides innovative solutions for creating organizational structures, workplace policies and total rewards, which inclusively engages and motivates its employees.
As a best-in-class organization, PWC was assigned points based on their relative performance in seven categories including: Planning horizons for the benefits and compensation strategies, turnover rate for full-time equivalents (FTEs), completion of a workforce engagement survey, use of a human resources technology strategy and its level of sophistication and health plan premium increases or decreases at the most recent renewal.
Only 11% of the over 4,000 organizations that participated in the Gallagher survey earned the best-in-class designation.
“Fayetteville PWC takes a proactive and structured approach to planning, developing and implementing comprehensive benefits and HR programs,” said William Ziebell, CEO of Gallagher's Benefits & HR Consulting Division. “In doing so, PWC is able to develop a winning formula to attract, reward and retain the right talent and position the company as a destination employer.”
Gallagher'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 the survey was interpreted to identify participants that excel in optimizing employee and organizational wellbeing.
To learn more about the report and the qualifying criteria, download the analysis here.
