1 Benefit, 5 Employee Demographics
October 26, 2015

As the leading “student-first connected learning platform,” Chegg makes life easier for students. It offers tutors that are available 24 hours a day, seven days a week, as well as help finding scholarships, internships, test prep and more. But it also makes life easier for another important group of people: its employees.

Employees first

Each morning, employees at Chegg’s Santa Clara headquarters can park their electric cars at Chegg’s charging station, use the company’s on-site gym, and grab a drink from the stocked fridge. Lunch, everyday, is on the company. When employees need a break, they can play a game of ping-pong or foosball, or take advantage of the company’s flexible and generous paid time off.

“We do exhaustive searches for the right talent and cultural fit for our positions,” said Tracy Clemente, Chegg benefits manager. “We are smaller players playing in the bigger sandbox, and recognize that if we want to attract and retain top talent, we have to offer competitive benefits.”

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Chegg’s mantra is simple: employees first.

Benefits for every generation

One way Chegg is recruiting and retaining the best of the best is by leveraging affordable, unique benefits that fill gaps for employees with diverse backgrounds and needs.

“For instance,” Tracy said, “we offer employees 10 days of back-up care through Care.com, which some might see as a benefit just for parents. But we think about it differently. An employee could use Care.com for back-up help with their children, but they could also use it to find a care provider to take an elderly parent to the doctor, to find a pet sitter in preparation for a last-minute trip, or to find someone to run an errand for them.”

Chegg offers its employees Tuition.io’s student loan employer contribution program, through which the company helps employees pay off their student loans by making contributions to them directly on their behalf. “For right now, we just offer the service to employees with loans that are in their name,” Tracy said. “But there is no reason why a company couldn’t expand upon it by offering employees in the boomer generation help paying off college loans for their children if they wanted to.”

Not just for Millennials

The fact that student loan contributions are just a challenge for Millennials is a common misconception. In fact, two thirds of the nation’s student loan debt is held by people over the age of 30, and they hold the highest loan balances of all borrowers. Here are some of the demographics student loan employer contributions help:

Millennials who, on average, graduate college with $25k in student loans.

Boomers who are looking for help sending college-bound kids to school.

Spouses wanting to create a secure future together.

Gen Xers who still need to pay off their student debt.

Grandparents who are contributing to their grandchildren’s college fund.

Morale up, costs down

“We are proud to be one of the first companies to offer student loan help to our employees,” Tracy said. “It’s a great recruiting tool because it sets us apart from the bigger players.”

About Chegg

Chegg puts students first. As the leading student-first connected learning platform, the company makes higher education more affordable, more accessible, and more successful for students. Chegg is a publicly-held company based in Santa Clara, California and trades on the NYSE under the symbol CHGG. For more information, visit chegg.com.

About Tuition.io

Tuition.io enables global companies to offer employer student loan contributions and financial wellness resources to their employees as a benefit. Tuition.io’s products provide employees with a host of in-depth, technology-based tools that help any and all borrowers organize and optimize their loans while increasing their financial literacy. It is the nation’s leading student loan management platform which has helped tens of thousands of borrowers organize nearly $2 billion in outstanding loans since launching in early 2013. 

Chegg is hiring! Visit chegg.com/jobs to see all of the company’s open positions.