Fairwinds Credit Union Realizes Substantial Savings and Efficiencies with our HRO
Business Challenge
Fairwinds Credit Union set an aggressive growth target that required them to become a stronger sales organization. With over 20 locations and 400 employees, they needed to generate time- and money-saving efficiencies while increasing the level of human resources and benefits access that they could provide to their growing employee population. With a new vision, Fairwinds needed a partner to provide the insight and technology necessary to take them to the next level.
Our Solution
Fairwinds worked with CoAdvantage to leverage proven HR best practices and an integrated Human Resource Management System (HRMS) to reduce administration and create efficiencies in every part of the company. With our online platform and custom-maintained workflows, Fairwinds was able to transition to a completely paperless HR function through 24 / 7 / 365 self-service for employees and managers. We also developed a comprehensive benefits strategy. When the new plan rolled out, employee enrollment and orientation time was effectively reduced by 66%.
Business Impact
Fairwinds' partnership with us has delivered incredible results — by the end of a seven-month period, the efforts generated an additional 26% in savings above the projected goals for the project.
Freed from much of the time-consuming employee administration, human resources has taken an active role in training on a better sales approach, aligning the people with the company's vision, and supporting its growth. And the integrated human resources technology platform has become a source of two-way communication for employee and company. Employees are more satisfied, more effective, and more likely to be retained so the company continues to flourish.
