Though the technology industry is often criticized for being male-dominated and unaccommodating when it comes to family policies, a number of tech companies are dominating when it comes to fertility treatments.
According to FertilityIQ, tech companies provide in vitro fertilization (IVF) treatments at a 35% higher rate than other industries. Tech companies also provide general fertility treatments more often than other industries as well. According to the data, six out of the top 10 companies when it comes to fertility treatments belong to the tech industry.
In order, here are the top ten companies with the best fertility benefits packages:
- Bank of America
Before their daughter was born, the two had been very open about their struggles to become parents. Chan had suffered three miscarriages before Maxima was conceived.
After age 30, fertility begins to decline for most women. After 35, the pregnancy rate in women drops even lower. However, this is the age when many women become more stable in their careers. In their early 20s, when women are most fertile, many are trying to establish themselves in the industry.
The Zuckerbergs know firsthand the possible struggles to become parents after the fertile peak, as do many other tech leaders. Facebook’s policy reflects that.
Another reason behind these great fertility benefits is that many companies are trying to make IT more attractive to women and families. Many of these top-performing, high-profile companies are competing for talent, so the better the benefits are, the better chance of retaining good hires.
“Anything that ingratiates a potential employee or their spouse to take a job or stay in a job, companies are desperate to do,” said Jake Anderson-Bialis, co-founder of FertilityIQ. “Tech companies dramatically outperformed their peers when it comes to the generosity and broadmindedness of the benefits. It’s interesting because we’re accustomed to hearing about how tech companies make life difficult for family-focused employees and female employees.”
But with these benefits comes risks.
Facebook and Apple made headlines in 2014 when they announced that they would offer egg freezing to female employees in their benefits package. Marcy Darnovsky, executive director of the Center for Genetics and Society, warns against rushing into the egg freezing prospect, though. While this may be perceived as an effort to lure women into the industry to promote diversity, there is another problematic factor on the back burner.
“The tech industry is also infamous for encouraging employees to work long hours, so this is a way to evade responsibility by encouraging women to put off having families until they’re older, so they can lean in now.” Find out more about this topic here. Good references here.