WAUSAU, Wis.– Connexus Credit Union has been named a Best-in-Class Employer for 2023 by Gallagher, a benefits broker.
Among more than 4,000 qualifying organizations spanning various industries in the United States, only 471 winners were selected.
“Connexus Credit Union stands among the distinguished few, being one of 36 credit unions to receive this prestigious recognition,” the CU said.
Connexus said it actively participated in Gallagher’s 2023 U.S. Benefits Strategy & Benchmarking Survey, underscoring its dedication to effective strategies for managing people and programs. Recognized for its excellence in strategically investing in benefits, compensation, and employee communication, the credit union prioritizes the health, financial security, and career growth of its employees within a sustainable cost structure.
“As a result of these efforts, the credit union was awarded the title of Best-in-Class Employer following a thorough evaluation of its total rewards offerings, plan management, and employee engagement. It distinguished itself with market-leading health plan enrollment, generous employer contributions to 401(k) and Health Savings Accounts, and a compelling Total Wellbeing program,” the credit union said.
As a U.S. Best-in-Class Employer, Connexus Credit Union was evaluated based on various criteria, including:
- Plan horizons for benefits and compensation strategies
- Extent of the wellbeing 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 healthcare costs over the prior year
- Use of a communication strategy
“We are incredibly honored to be recognized as a Best-in-Class Employer by Gallagher,” said Meghan Christie, VP-Total Rewards. “This achievement underscores our unwavering dedication and financial commitment to prioritizing the wellbeing and professional growth of our employees. By refining our comprehensive rewards packages and initiatives, and prioritizing employee accessibility and engagement, Connexus Credit Union consistently upholds its commitment to being the employer of choice.”
Connexus Credit Union said it invests in its employees by providing best-in-class benefits, advancement opportunities, and tools for growth; promoting a culture of integrity, respect, synergy, transparency, and wellbeing; and embracing sustainable, progressive growth in a digital world.