Sunday, September 8, 2019

Companies are restructuring their compensation and benefits packages to attract these qualified women

See Historic Rise of College-Educated Women in Labor Force Changes Workplace by Likhitha Butchireddygari of The WSJ. Excerpts:
"The rise of these female workers is changing the way companies structure compensation and benefits packages to attract qualified women. According to human resources consulting firm Mercer ’s 2015 National Survey of Employer-Sponsored Health Plans, 6% of employers with 20,000 or more employees covered egg freezing. In 2018, that number nearly tripled to 17%. Smaller companies have seen smaller but steady growth in coverage of fertility services in recent years.

“With greater numbers, HR departments are going to have to pay more attention to their female-educated workers,” said Richard Fry, senior researcher at the Pew Research Center. “For example, there’s evidence that female workers maybe more value flexible-work arrangements. They may value more highly generous parental-leave policies.”

Paid parental leave has also seen a growth. The percent of companies offering coverage increased from 24% to 40% between 2015 and 2018, according to Mercer’s Survey on Absence and Disability Management."

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.