Growing concern about social equity, a heightened commitment to diversity, equity and inclusion (DEI) and an increasingly competitive labor market are propelling many employers to reevaluate their workplace practices, including the benefits they offer to their employees. Many are launching innovative and inclusive approaches.
One such approach that can help employers attract and retain exceptional talent is to offer family-building programs.
This article, which appears in the Second Quarter 2022 issue of Benefits Quarterly, discusses family-building programs that can encompass in vitro fertilization, fertility preservation and egg freezing as well as gestational surrogacy and adoption support.
The article covers:
Family-building programs help millennials, who are waiting longer than previous generations to start families. They’re also a welcome benefit for single employees, LGBTQ+ employees and those who had serious health conditions that affected their fertility.
A comprehensive family-building program might include these elements:
A comprehensive, family-building benefits package that includes a managed fertility benefit can reduce an employer’s healthcare costs and improve outcomes.
Family-building benefits address the needs of an evolving workforce and are less costly than many plan sponsors imagine. They also help organizations achieve their DEI goals.Download the full article
This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.
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