While many large corporations employ lots of people, not all companies are known for taking care of their employees, beyond what is required by law. Well, one company has recently received much praise for going beyond what the law requires in providing its employees with extra benefits. Starbucks – the famous coffee company, understands the important role their employees play in the success of the company and has shown that appreciation, by offering special benefits and opportunities to them as a ‘thank you’ gesture.
Back in 2014, the company offered to pay the ‘full’ tuition of employees that work to get their degree online, at Arizona State University. If that isn’t enough, recently, the company is reaching out to employees struggling with infertility by helping to cover the cost of IVF (in vitro fertilization). The average cost of a IVF cycle in the US is roughly $12,000, which does not include required medications and other procedures that can cost another $5,000.
It is estimated that 1 out of 8 couples are struggling to conceive, however, most people can’t afford IVF treatment, so the benefits Starbucks provides it’s employees is a huge gesture of appreciation and relieves them of the financial burden of IVF. The company covers up to $20,000 for IVF and medications for it’s full-time employees, and even for part-time workers that earn $10,000 or more annually.
While Starbucks offers such coverage, most companies do not cover fertility treatments for their employees. To better understand why the company made the decision to cover fertility treatments, CBS News interviewed Starbucks executive Lucy Helm, and she said: “It is really important to everyone and I think it’s something that we’re all very, very proud of. People fall in love with working for our company once they become a partner here.”
The company even has a Facebook group, it’s call “Starbucks IVF Mommas”. It is where hopeful baristas can go to support each other in becoming a mother, and the group has almost 600 members. While there are not many employer-sponsored health insurance plans made available that will cover fertility treatments, it is possible that other companies will follow Starbucks’ lead in helping their valued employees realize their dreams of becoming parents.
Source – CBS