It's no secret that when it comes to family benefits, some companies do it better than others. Luckily, there's a way to see how your company compares to the competition.
What do Spotify, Bank of America and Boston Consulting Group have in common? They all have exemplary benefits for employees who are seeking fertility treatments. According to a ranking from FertilityIQ, these three companies are among the best when it comes to providing corporate fertility benefits.
FertilityIQ is an online community for people who are seeking fertility treatments. The site allows users to search for fertility specialists, rate their doctors, and learn more about the particulars of treatments. While it's to easy to understand how painful and stressful fertility treatments can be, we don't often consider that they can also be incredibly expensive—but that's precisely why we need to understand what kind of benefits are available to employees where fertility treatments are concerned.
FertilityIQ looked at the benefits offered by investment banking, consulting, technology, media, fashion, consumer retail and pharmaceutical companies to learn which ones do the best job of assisting employees with their treatments. This isn't just necessary because these companies deserve attention, it's also important information to share with workers, as fertility benefits aren't often communicated to new employees when they start new jobs, because companies might not mention these benefits to keep costs down, and employees might not think to ask about them because fertility issues are not often discussed. FertilityIQ's ranking doesn't just take numerical data into account, it also considers attitudes towards providing fertility benefits.
“When it comes to who covers the cost of fertility treatments, what has emerged is a ‘have’ and ‘have not’ set of populations,” Deborah Anderson-Bialis, the co-founder and CEO of FertilityIQ, said in a release. “This means that 80 percent of patients either have all, or none, of their IVF care paid for by their employer. The opportunity to receive fertility benefits is a difference maker for a large portion of the U.S. workforce, given that the average household earns $51,000.”
Want to get a better sense of the companies that will support and cover you if you seek out fertility treatments? You can find it right here.