Choose a company that you are familiar with or would like to research. It can be your

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Question:

Choose a company that you are familiar with or would like to research. It can be your own company or where you work. You will research the company’s benefit offerings. Please describe their benefits and provide additional information as below. The objective is to gain a better understanding of the various benefits that are available and offered and the funding or cost involved. You should also have an understanding as to how government policies impact employers and their offering of benefits, e.g., health reform, taxation, COVID.

A significant part of this is to interview someone at the company. Ideally it will be an HR professional who is familiar with the benefit offerings. It can also be someone who works at the company. If you choose the later, you will sometimes find that they are not aware of all the benefits.

Another portion of the assignment will include the current political realities surrounding benefits, e.g., the position of the current Administration and political climate on topics we cover, e.g., Social Security, Medicare, Medicaid, taxation of benefits, leave programs, etc.

Can you please just give thorough responses to the following questions as a Chegg employee! It would be very appreciated.

How/why did they choose the benefits they currently offer? In other words, what is their decision making process?
Who pays for the benefits? (Note: This will vary according to the topic)
How much of their compensation package is devoted to benefits? For example, 30-35% of salary. You are looking for a “fringe rate”, i.e., a percentage that results from dividing the cost of an employee’s fringe benefits by the wages paid to the employee.
How do they communicate the benefit to employees? What method do they use to educate employees? Do they use social media to communicate benefits? If so, what do they use.
What impact (if any) has COVID impacted the benefits they offer to employees.

briefly describe the benefits offered. At a minimum provide information on the following:

Medical Insurance
Life Insurance– Who is the insurance company?
Disability Insurance (Includes leave)
Voluntary Products or Cafeteria Plan
Retirement - What kind of plan do they have? Defined Benefit or Defined Contribution? Describe the contribution rate. Is there a matching on the defined contribution?