Starbucks implemented a new employee benefit that will offer both full and part-time employees the finances for in-vitro fertilization (IVF). For women wanting to start a family, IVF is often the best or only option and can become very expensive with a low probability for first time pregnancies.
The business will now offer up to $20,000 towards IVF treatments with manager of global corporate communications Reggie Borges saying that "Offering benefits like this elicits a unique brand loyalty," keeping communication with employees about individual needs open at all times when it comes to existing benefits.
Along with many other useful benefits such as college tuition and health care, Starbucks is now prepared to cover IVF costs and all related medications, helping to make the workplace an even safer and more comfortable environment for women.
In-Vitro Pregnancy Benefits
Starbucks Will Now Cover IVF Treatment Costs for All Employees
Trend Themes
1. Increased Workplace Benefits - Employers are offering more comprehensive benefits, such as covering IVF treatment costs, to attract and retain top talent.
2. Financial Support for IVF - Companies, including Starbucks, are providing financial assistance for IVF treatments to address the high costs associated with starting a family.
3. Employee Well-being and Support - Organizations are prioritizing employee well-being by offering benefits like IVF coverage and creating a supportive work environment for women.
Industry Implications
1. Healthcare - The healthcare industry can explore opportunities to partner with employers in providing comprehensive coverage for reproductive treatments, including IVF.
2. Human Resources - HR professionals can incorporate fertility support programs, like covering IVF costs, as part of their talent acquisition and retention strategies.
3. Pharmaceuticals - Pharmaceutical companies can introduce specialized medications and treatments to support IVF procedures, aligning with the growing demand for fertility solutions.