Cover Story: What's F.A. Davis Doing Right?
“We’re under a certain amount of duress like any business,” Craven notes, “but we haven’t had to do any of the invasive maneuvers that would really affect staff.”
In the midst of economic trouble, F.A. Davis’ human resources department has worked to create ever-more creative and sophisticated benefits packages. Recent changes included dropping one of two personal choice health plans and adding a high-deductible plan, with the company paying 75 percent of the deductible. The company also offers an HMO and a point-of-service plan, as well as dental insurance, life insurance, profit sharing and a 401(k) plan that is matched dollar for dollar up to the first 3 percent. “Our benefits are rich, especially for a company our size,” says Crystal Spraggins, human resources director. “In many of the [human resources] decisions that are made, the employees’ point of view is considered, and we try to do a good job of communicating to employees why we do what we do.”