A new global study took place this spring detailing employees biggest challenges around fertility and family planning. In this newsletter we are looking at the employee fertility benefits, if any, what the study says and how we can assist employees.
WHAT YOU SHOULD KNOW ABOUT THE PWFA
"Employees around the globe actively seeking to grow their families face significant challenges and are eager for more support from employers, according to a new Global Fertility at Work report from Carrot Fertility. As the leading global fertility care platform for women+, the company surveyed 5,000 people across Canada, India, Mexico, UK, and the U.S. to understand how people around the world feel about fertility topics at work, assess programs currently in place, and learn how they can be better supported at work in their fertility and family-forming journeys. This report is being released ahead of National Infertility Awareness Week, which is recognized during the week of April 23rd in the U.S. and Canada.
Financial and workplaces challenges are the biggest barriers to family-forming. Despite universal societal pressure (91%) to build a family, with the most common from a parent asking for grandchildren (49%), the survey reveals that the two biggest roadblocks to starting a family are financial challenges (63%), followed closely by workplace challenges (55%), including considerations such as career growth." Learn more
40% OF EMPLOYERS NOW OFFERING FERTILITY BENEFITS
"As part of their benefits packages for 2023, 40% of U.S. organizations offer fertility benefits, according to a new study by the International Foundation of Employee Benefit Plans. That is up from 30% of organizations who offered such benefits in 2020, said IFEBP, which has been tracking fertility and family-forming benefits for 7 years.
The foundation said companies are offering such benefits for a variety of reasons, including attracting and retaining key talent, saving on health care costs, matching benefits to diversity, equity and inclusion goals, and to support overall well-being of their workforce." Learn more
THESE STARTUPS ARE TRANSFORMING FERTILITY CARE BENEFITS
"However, amidst this landscape, a number of startups have emerged worldwide with the noble goal of making fertility services accessible to all. Moreover, an increasing number of employers are recognizing the importance of supporting fertility treatments and family building as genuine medical needs. The United States market is leading the charge in providing inclusive fertility and family-forming services, with notable companies like Maven Clinic. These US-based fertility providers offer a comprehensive range of services, including IVF, surrogacy, menopause support, and gynecological assistance, to businesses. In contrast, Europe’s fertility policies have traditionally focused on egg freezing and IVF. Nevertheless, the situation is gradually changing as certain startups in Europe are now offering exclusive benefits in the family-building sector. Learn more