Evergreen Home Loans Cuts Admin Costs

Evergreen Home Loans Cuts Admin Costs

Company Profile

Financial Services

750+ employees

Enhance Workplace Culture

Recognition & Rewards

Challenge:

Evergreen Home Loans’ outdated employee recognition program was cumbersome, costly, and ineffective.

The company had a manual employee recognition plan in place, but implementation varied widely across Evergreen Home Loans’ 64 locations. Engagement surveys revealed that some employees didn’t feel recognized or valued for their work.

Solution:

Evergreen Home Loans created a consistent culture of recognition with Kazoo[now WorkTango]—and dramatically reduced its administrative costs.

Using our Recognition & Rewards platform, Evergreen Home Loans employees were able to consistently share real-time, peer-to-peer, public recognition across offices. In a cultural 180, Evergreen Home Loans won multiple Best Place to Work awards, and the platform reduced administrative overhead significantly.

Results:

Evergreen Home Loans significantly improved its corporate brand and won numerous company culture awards. 

Evergreen Home Loans drastically reduced its admin costs after implementing the Kazoo [now WorkTango’s] platform, roughly the equivalent of a part-time position’s pay. With our Recognition & Rewards platform, Evergreen Home Loans employees were better connected, with over 23,000 pieces of recognition sent since the solution’s launch in the company, winning the company numerous Best Places to Work awards.

“I’m surprised at how little I think about rewards budgeting and administering our rewards program now. We’re saving at least a part-time position each year due to fewer administrative costs, time and labor, and rewards budget savings.”
— Regina Angulo,  HR Manager

Key Results:

Drastic reduction in admin costs (equivalent to the salary of a part-time employee)

23K +

pieces of employee recognition sent since launch

Faster-than-ever completion rate of compliance training

Award-winning company culture

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