With record numbers of workers leaving their jobs in search of something better every month, companies have to offer all kinds of incentives to make up for the labor shortage.
While higher salaries are the obvious way to get people to work for you, job flexibility and benefits are also an important factor in the decision-making process for many new hires.
Much of the American workforce now part of the “sandwich generation”, navigating both later-life kids and aging parents, what was once considered a treat to have has now become essential.
That’s why many major players in the tech space are looking beyond the standard health plan and 401(k) and luring workers in with benefits like IVF, fertility treatments, and time off for retirement. caring for elderly parents.
We contacted some and found out what is covered and what is not.
Adobe software giant (ADBE) – Get the report from Adobe Inc. provides eligible employees with 90% of the cost of fertility treatments, a lifetime maximum of $60,000 for the cost of fertility drugs and up to $25,000 for non-medical expenses related to the cost of surrogacy or of adoption.
For employees who care for parents, children, or other dependents, Adobe partners with child care provider Bright Horizons and contributes up to $1,200 annually to the flexible spending account for an employee’s dependents.
“We understand that life doesn’t stop when our employees leave work – caring for their families is their top priority, and we want to help them do that,” a spokesperson told TheStreet. “Families are formed in many ways, and Adobe’s family and fertility benefits are designed to support our employees on their journey.”
An Amazon (AMZN) – Get the report from Amazon.com, Inc. The spokesperson told TheStreet that it covers infertility treatment coverage and access to infertility treatment specialists for its workers.
However, any leave the e-commerce giant’s 1.3 million employees worldwide need for their elderly parents falls under regular paid leave.
Bumble dating app (BMBL) – Get the Class A report from Bumble, Inc. confirmed that it offers its employees six months of paid leave after the birth, adoption or surrogacy of a child, and a variety of paid leave options to care for a family member , transition to work after a child joins the family, and grievances and compassionate care leave for family losses.
“Bumble’s office in Austin, TX is certified as a Texas Mother-Friendly Worksite,” a spokesperson said. “There is a private breastfeeding room that can be reserved for those breastfeeding their babies, and we have also partnered with Maven to offer a free maternity and fertility benefits program to employees and their partners.”
The world’s largest cryptocurrency trading platform, Coinbase (PIECE OF MONEY) also offers its employees access to IVF and fertility services deemed necessary by a health care provider.
Elder care can fall under either the 12 weeks offered under the Family and Medical Leave Act or its regular flexible leave scheme.
Doordash Online Food Ordering Platform (HYPHEN) – Get the Class A report from DoorDash, Inc. told TheStreet that for full-time employees — not dashers — it covers up to $20,000 in fertility benefits per family for everything from egg freezing and infertility services to adoption fees and surrogacy, as well as visits to experts like endocrinologists, OB/GYNs, and legal experts from adoption and gestational carrier services.
It was also one of the only companies on this list to specifically name treatments commonly needed by trans people in its benefit package — hormone therapy, treatment for gender dysphoria, and upper and lower body surgeries. bodies are all covered.
“DoorDash employees can take up to six weeks of unpaid family leave per year to care for a serious medical condition or disability of an employee’s family member,” also added. said the spokesperson about care for the elderly and dependent.
In addition to covering fertility and adoption expenses, Google (GOOGL) – Get the Class A report from Alphabet Inc. recently increased its parental leave for full-time employees from 12 to 18 weeks for biological and non-biological parents, as well as an additional six weeks of leave for employees who have recently given birth.
Its compassionate care leave program for those with seriously ill family members will also increase from four to eight weeks by April.
The company also offers bereavement leave that covers stillbirths and miscarriages and Ramp Back Time that allows employees to work at least 50% of their normal hours while receiving regular pay for two weeks postpartum.
Software giant Intel (INTC) – Get the Intel Corporation report covers up to $40,000 of extended design services and $15,000 for adoption-related expenses.
All new parents get 12 weeks of paid leave, while those who have recently given birth can also change their schedules to shorter hours for the first 30 days after returning from bonding leave.
The time needed to care for parents or other family members is also covered by various benefit plans.
“Intel Paid Family Leave provides eligible employees with up to eight weeks of paid work leave over a 12-month period to care for a family member with a serious medical condition,” a doorman said. -word to TheStreet.
Meta, parent company of Facebook (MVRS) – Get meta report confirmed that it offered fertility benefits and elderly care as part of its updated benefit package, but did not give specific details.
You like scroll those luxury homes you’ll never be able to afford, but when it comes to fertility and eldercare benefits, Zillow (ZG) – Get the Class A report from Zillow Group, Inc. is a great place to work.
The real estate database has both extended IVF and other fertility coverage as well as a dedicated caregiver relief program for the “hardships faced by working parents and caregivers due to closures, restrictions and other changes associated with Covid-19.
“As part of the Caregiver Relief Program, eligible employees can work with their manager to determine a flexible work schedule. […]explore using 15 days a year of back-up care through Bright Horizons for children or other family members,” a company spokesperson told TheStreet.
“[They may also] take 2 weeks of paid caregiver leave (in addition to PTO or sick leave), which can be taken intermittently, or request to work reduced hours (i.e. 60% or 80% of their schedule regular) for a period of 3 months to give more flexibility to balance their work and family responsibilities. »