Benefit and remuneration packages are changing fast

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Pressing staff recruitment and retention issues are forcing companies to reconsider reward packages and supports

Companies like recruiter Indeed are now offering a 'family-forming' initiative, providing fertility and pregnancy support as well as assistance with surrogacy, adoption and parenthood. Photograph: iStockIn May the jobs site Indeed became the latest large employer to beef up its family-friendly benefits for employees.

Topping the list are flexible working arrangements and mental health/digital fitness subscriptions, while improvements to child and elder care policies and access to better health and dental cover have all become more relevant. On top of this companies are expanding their broader employee assistance programmes, adding extras such as financial health checks while some have extended their counselling services to include the children of employees who need help adjusting to life after lockdown.

The Indeed package is at the leading edge of this new wave as it elevates benefits for employees trying to start a family to a new level, with reimbursement for fertility-related expenses including egg and sperm freezing. Also part of the package is a breast milk delivery services for business travel that provides refrigerated or frozen overnight shipping of milk back home at no cost.

And the labour market doesn’t look like settling down any time soon as 82 per cent of Irish professionals say they are considering a job move in the next six to 12 months.

Source: News Formal (newsformal.com)

 

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