Executive Summary
Executive Summary:
Merging Benefits at Huge Computer Company
In response to the merging of Huge Company (HC) and Computer Company (HC), and the resulting formation of Huge Computer Company (HCC), the COO has directed an assessment to develop a blended system representing the top features of both benefit packages, and a plan that will be well received by software engineers in both groups.
Individual Benefit Package Strengths
The HC plan uses a standard cafeteria plan allowing medical, dental, and life insurance plan options. Additionally, a flexible spending plan allows employees to pay for out-of-pocket medical expenses, for themselves and dependents, not ordinarily covered. CC also uses a cafeteria plan. However, their plan includes options such as vacation packages, on-site concierge, and the company fitness center. Use of a point-based plan allows employees to self-tailor their benefit package, while maintaining a consistent dollar value across plans.
Individual Benefit Package Weaknesses
The HC plan allows employee flexibility in selecting their options. However, these options are limited and would not be as well received by a more diverse demographic than the one contained at HC. The CC plan is perk centric and also allows much employee flexibility, but it does not cover retirement packages, dental insurance, or life insurance. As with HC, the CC plan would not be as well received by a more diverse demographic.
Recommendation
Conduct a survey amongst HC and CC employees to determine which current options are the most popular. Next, merge the plans into one overarching benefits package covering all HCC employees. The new plan, still using the cafeteria plan structure, will reduce the options among benefits that were available to employees prior to the merger; however, it will keep in place the most popular and frequently used benefits. Additionally, the new benefits package will offer perks not previously available to HC
Merging Benefits at Huge Computer Company
In response to the merging of Huge Company (HC) and Computer Company (HC), and the resulting formation of Huge Computer Company (HCC), the COO has directed an assessment to develop a blended system representing the top features of both benefit packages, and a plan that will be well received by software engineers in both groups.
Individual Benefit Package Strengths
The HC plan uses a standard cafeteria plan allowing medical, dental, and life insurance plan options. Additionally, a flexible spending plan allows employees to pay for out-of-pocket medical expenses, for themselves and dependents, not ordinarily covered. CC also uses a cafeteria plan. However, their plan includes options such as vacation packages, on-site concierge, and the company fitness center. Use of a point-based plan allows employees to self-tailor their benefit package, while maintaining a consistent dollar value across plans.
Individual Benefit Package Weaknesses
The HC plan allows employee flexibility in selecting their options. However, these options are limited and would not be as well received by a more diverse demographic than the one contained at HC. The CC plan is perk centric and also allows much employee flexibility, but it does not cover retirement packages, dental insurance, or life insurance. As with HC, the CC plan would not be as well received by a more diverse demographic.
Recommendation
Conduct a survey amongst HC and CC employees to determine which current options are the most popular. Next, merge the plans into one overarching benefits package covering all HCC employees. The new plan, still using the cafeteria plan structure, will reduce the options among benefits that were available to employees prior to the merger; however, it will keep in place the most popular and frequently used benefits. Additionally, the new benefits package will offer perks not previously available to HC