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Extended Benefits

Brands prioritize family benefits and perks in order to retain employees

Trend - As it becomes more difficult to juggle work responsibilities with family responsibilities, some businesses are prioritizing employee retention with more thorough benefits that help employees pay and plan for everything from fertility treatments to adoption.

Insight - Family planning is becoming increasingly challenging due to the necessity of two-income households. With affordability and time being major barriers when it comes to starting or growing a family, employees are increasingly looking towards employers that prioritize cost-reduction and flexibility in their employee benefits and perks.
Workshop Question - How could your brand expand employee benefits to boost retention?
Trend Themes
1. Family-focused Benefits - Employers are prioritizing family benefits and perks to retain employees amid growing demand for work-life balance; businesses can create family-focused employee programs to support some of the barriers impacting family planning, including fertility treatments and surrogacy costs.
2. Inclusive Parental Leave Programs - Companies are enhancing parental leave policies to foster greater gender equality and support for care responsibilities; there is an opportunity to create more supportive policies covering the adoption process, child tutoring, and gender affirmation procedures.
3. Work-life Balance Policies - Employers are launching work-life balance policies to support balancing family responsibilities with work obligations; companies can promote these policies for employee retention and better workplace culture.
Industry Implications
1. Healthcare Industry - Healthcare providers can offer fertility treatment recommendations and care supported by flexible insurance coverage and other work perks.
2. Employment and Staffing Industry - Employment and staffing agencies can create family planning support services, encouraging businesses to enhance employee benefits related to family-building and workers' health.
3. Restaurant and Hospitality Industry - Restaurants and hospitality providers should enhance employee retention by prioritizing workers' health, including offering healthcare benefits and adequate pay and launching flexible working hours and work arrangements.
3.6
Score
Popularity
Activity
Freshness
Patterns
Megatrends
7 Featured, 52 Examples:
102,286 Total Clicks
Date Range:
Jul 20 — Nov 22
Trending:
Mild
Consumer Insight Topics:

Featured Examples

Family-Building Employee Benefits
Family-Building Employee Benefits
HSBC Adds New Family-Building Opportunities for Employees
HSBC has announced it will be implementing additional benefits for Canadian employees, allowing them access to new family-building opportunities including fertility treatment, gender affirmation,... MORE
Fertility Benefits Campaigns
Fertility Benefits Campaigns
'Fertility Benefits Matter' Raises Awareness About Employer Funding
‘Fertility Benefits Matter’ is a national awareness campaign launched in Canada on February 2nd. The campaign is a collaborative project by Conceivable Dreams, “a volunteer-run... MORE
Flexible Family Benefits
Flexible Family Benefits
Stork Club Offers Flexible Maternity Care and Family Planning Options
Stork Club is a maternity care and insurance coverage provider that is “committed to building family-friendly workplaces.” Aiming to help individuals balance parenthood and a successful... MORE
Work-Life Balance Policies
Work-Life Balance Policies
The Bank of Ireland Launched a New Paternity Leave Policy for Employees
The Bank of Ireland has launched a new paternity leave policy in order to support its employees by offering a greater work-life balance. The policy allows individuals whose partner is having a baby,... MORE
Child Tutor Work Perks
Child Tutor Work Perks
Noodle PRO Tutors Students Online as a Well-Being Benefit for Employees
Since the onset of the pandemic, parents are struggling to work from home while also being responsible for their children’s ability to learn from home. To combat this issue, New York City-... MORE
Toronto Restaurant Healthcare Benefits
Toronto Restaurant Healthcare Benefits
Big Hug Offers Its Employees Adequate Pay & Health Benefits
Big Hug Hospitality, a Toronto-based restaurant company that owns Sunny Chinese and Mimi Chinese, has doubled down on staff support by rolling out a comprehensive health and dental benefits plan for... MORE
Inclusive Parental Leave Programs
Inclusive Parental Leave Programs
Volvo Announces the 'Family Bond by Volvo Cars' Leave Policy
Automobile manufacturer Volvo has announced the ‘Family Bond by Volvo Cars’ policy, allowing employees to enjoy 24 paid weeks of parental leave, regardless of gender or sexual orientation. This... MORE

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