Annually, approximately two million couples and a million single adults consider adopting a child. With average adoption costs ranging from $40,000 - $50,000, out-of-pocket expenses can be considerable. Additionally, this cost may be higher if an employer doesn’t provide their employees with extended leave for travel to complete the adoption or paid time off to care for the child. Adoption Assistance is a benefit that many employers offer to better support employees through this costly process. The program is completely flexible and the eligible expense types and maximum benefits are set by you, the employer.
Key benefits of adoption assistance
Enhanced relationship with employees
Employees who feel supported in their personal lives are more likely to feel loyal and engaged, including those planning to adopt as well as those who appreciate the benefit being offered by the company.
Improved reputation of corporate social responsibility in the community
Adoption assistance programs showcase the company as inclusive and progressive, enhancing its reputation as a family-friendly and socially responsible employer.
Supports diversity and inclusion efforts
This benefit also aligns with broader diversity and inclusion goals, ensuring all employees have the opportunity to build their families, regardless of circumstances. By providing adoption assistance, employers support diverse family building paths, including adoption by LGBTQ+ couples, single parents or those facing infertility.
Relatively low cost for the company
Adoption assistance programs offer companies a high-value, low-cost way to support employees and foster a family-friendly culture.
Fully customizable
Companies can tailor the benefit to align with their budget, values and workforce needs. For instance, an employer can choose to cover additional financial reimbursements for expenses such as legal fees, adoption agency costs, travel as well as offering paid time off for employees to bond with their newly adopted child. This customization ensures that adoption assistance is a meaningful and manageable benefit for both the employer and the employees.
Attract and retain top talent
A customizable benefits package enhances job satisfaction, engagement and loyalty to an organization. Prospective employees often look for employers who offer comprehensive family support benefits.
By offering adoption assistance, employers can help foster a positive, inclusive environment that also enhances employee loyalty and strengthens top talent. Employees benefit from financial assistance, essential support and resources during a pivotal life transition. Adoption assistance is a powerful way for companies to demonstrate their commitment to supporting all families, building stronger and more engaged workforce in the process.
