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Human capital entrepreneur chooses Lockton to help businesses attract talent

Lockton hires Brad Cillian, creator and cofounder of ExecTrex, to lead employee benefits businesses in Denver, Phoenix, Seattle and Las Vegas  

Brad CillianDENVER, Dec. 04, 2018 – Brad Cillian, human capital entrepreneur with more than 20 years in the industry, joins Lockton to help clients retain and recruit top talent through employee benefits. Rising healthcare costs in the competitive Colorado market, where the unemployment rate remains below four percent, can make it challenging for companies to secure top talent. Cillian, will lead Lockton’s employee benefits practice in the Mountain West and help employers use benefits as a key differentiator, while also managing costs.   

“The success of a business is largely dependent on the people who are a part of the organization, and today talented professionals have a multitude of options,” said Mark Bundy, chief operating officer of Lockton’s Mountain West operation. “Brad understands what it takes to help our clients recruit and retain the best people for their organization’s future success.” 

Long gone are the days when a salary and health plan was enough to attract professionals. Millennials are looking at a lot more factors than their paycheck when determining what a successful career looks like, according to the 2018 Deliotte Global Human Capital Trends Report. A comprehensive employee benefits program signals to candidates that an organization is an attractive place to work. Not having one can be the difference between signing a new employee or sending them directly to the competition, especially in cities like Denver and Seattle.

And companies are starting to pay attention to that trend. Thirty-nine percent of employers in Colorado use benefits to be an employer of choice, according to a Lockton employee benefits study in Colorado. While candidates expect employers to have competitive wellness programs, companies are struggling to keep benefits costs level. Healthcare costs rose 6 percent for employers in 2018, and the average health insurance rates increased from 7.1 percent in 2016 to 7.7 percent in 2017, according to a Lockton study.

“I joined Lockton because it is a platform for empowerment where I can really do what is best for my clients,” Cillian said. “They not only have intellectually curious employee benefits experts, but their own total rewards program is a testament to why Associates come to work every day energized and ready to tackle client challenges head on. They lead by example.” 

When Cillian created and cofounded ExecTrex, a professional learning and upskilling firm focused on enhancing workforce skills for the future, he used his years of technical expertise to facilitate solutions for leadership teams nationwide addressing challenges like maintaining a successful and cost-effective program with rising costs. He has led multiple teams in his more than 20 years of experience, including during his time at IMA Financial Group. There he helped develop two new practices – total rewards and absence management for midmarket employers – to help clients better manage employee benefits. He also created IMA’s See Clear program to assist customers in managing prescription medication costs.

Furthermore, he spent eight years redesigning human capital strategy for Fortune 1000 companies at Denver Management Advisors with an emphasis on health, pharmacy, well-being, leave, voluntary offerings, retirement and engagement.

A graduate of Miami University’s Farmer School of Business, Cillian has completed executive education courses at The University of California, Berkeley, The Wharton School of the University of Pennsylvania and Disney Institute.

He will be based out of Lockton’s Denver office, which is located at 8110 E. Union, Suite 700, Denver, CO 80237 and can be reached by calling 303-414-6000.

About Lockton
Lockton is a global professional services firm with 7,000 Associates who advise clients on protecting their people, property and reputations. Lockton has grown rapidly by helping clients achieve their objectives. For ten consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance.”

About Lockton’s Employee Benefit’s Study in Colorado
In January 2018, Lockton Companies conducted its annual Colorado Employer Benefits Survey. The firm invited 285 employers throughout the state of Colorado to provide information specific to their employee benefits offerings. Results from Lockton’s 2017 survey of Colorado employers indicates their greatest concern is the shortage of qualified workers. Insurance rate increases and regulatory demands created by health reform were second and third among concerns, respectively.

https://www.lockton.com/Resource_/PageResource/MKT/Communications/2018_Colorado_Employer_Benefit_Survey_Placemat.pdf

Footnotes
2018 Deliotte Global Human Capital Trends Report (https://www2.deloitte.com/content/dam/insights/us/articles/HCTrends2018/2018-HCtrends_Rise-of-the-social-enterprise.pdf),

American Fitness Index - https://www.americanfitnessindex.org/

PwC’s Health Research Institute Study - https://www.pwc.com/us/en/health-industries/health-research-institute/assets/pdf/hri-behind-the-numbers-2019.pdf

    
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