16 Jan Synergy Comp Adds Staff, Revenue Increase 24%
Since 2006, Synergy Comp has helped thousands of clients create safer workplaces, reduce injuries, improve productivity, increase profits, and realize a significant return on dollars expended. The monoline, workers’ compensation company grew 24% in 2018 reports CEO Lew Kachulis.
“Our high-energy, dedicated team, comprised of 47 employees, received various awards throughout the year,” Kachulis says. Among them were being ranked, two consecutive years, as one of the best places to work in Pennsylvania, and inclusion on Inc. Magazine’s list of the 5000 Fastest Growing Private Companies in America for the third year in a row.
Synergy Comp was also upgraded to Demotech’s highest financial stability rating of A’’ (A Double Prime), Unsurpassed.
Throughout 2018, 12 employees were hired. Positions filled include claims adjusters, claims supervisor, claims support specialists, safety professionals, marketing coordinator, office coordinator, underwriting analyst, and talent acquisition and development director.
“We are a young, growing company with a unique company culture,” reports current employee at Synergy Comp. “We are truly focused on making workplaces safer.”
Synergy Comp’s expansion did not stop there. The company, also, experienced state expansion into New Jersey and Maryland; delivering superior workers’ compensation results through commitment and continuous improvement.
With an eye toward advancement in technology, the company has streamlined their internal IT processes with an online ticket system for increased project management and maintenance.
“The new asset-management provider streamlined internal processes, resulting in less administration and higher employee efficiency,” says Kachulis.
With continued growth and higher employee efficiency, the Synergy team aimed their focus on the local community. Synergy Comp is a company that cares and they back it up with action.
Synergy Comp’s 24% revenue increase allowed the organization to contribute to the local community, foundations, and charitable organizations. Synergy employees gave back to Adopt a Grandparent, American Heart Association, the Community Food Warehouse, Strayhaven, and The Arc of Mercer County, among others.
Growth allowed an increased ability for Earned Income Tax Credit (EITC) funds to create educational opportunities for the community’s youth. Synergy Comp provided Pre-K scholarships and supported local schools including, United Way’s Success by Six, Building Blocks Child Center, KidZone Learning Center and so on.
As one of the best places to work, the Synergy team also participated in United Way’s Day of Caring, and the American Heart Walk.
Adhering as a company to their mission, core purpose and core values kept Synergy Comp focused as a team and allowed them to overcome challenges this past year.
Synergy Comp’s challenges in 2018 included pricing in a competitive market, implementation of the underwriting system and hiring talent to mirror the company’s growth. Synergy Comp overcame these challenges by showing the value in their customer experience driven service model, having a laser-sharp focus to detail with the implementation of new systems and the recruitment of talented individuals.
By overcoming these challenges, the results position Synergy Comp to experience a 24% growth in 2018. The company, industry and overall economy are forecasted to further expand Synergy Comp’s success in the coming year.
If you are interested in joining the fast-paced, growing organization or have any questions, get in touch with Synergy Comp today!
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