by Sidney Marr
Over the past three years, creating a diverse workforce has become a core element of recruitment and retention for over 80% of American companies. HR leaders are constantly searching for the right approaches to renew their organizations and establish a team-oriented environment that reflects our society as a whole. Offering benefits that impact an employee's personal and professional life is the best approach to achieve this goal.
Benefits That Matter.
In addition to offering a competitive salary, a traditional health benefits package can be the driving factor when contemplating a job offer. Although this benefit can be compelling, many companies overlook another category of benefits that can be a game-changer. Fertility benefits play a critical role when building a diverse workforce, but they are often not covered in a traditional health plan.
Infertility Can Affect Anyone.
A critical life goal for most people is the desire to have a family with children, so family forming matters to almost all employees. However, many face significant challenges when trying to achieve this dream. Infertility affects 1 in 8 employees across all races, ethnicities, socioeconomic groups and genders, and can be the biggest obstacle. Additionally, many in the LGBTQ+ community, singles and minorities often face additional challenges when forming a family and need fertility care.
Infertility causes significant emotional distress, work dysfunction, and when no fertility benefits are available, increases healthcare costs through inappropriate, over utilized and wasteful care in the general medical plan. Fortunately, ARC Fertility offers health benefits that meet family former goals, result in better employee health, and lower health care costs. Fertility benefits can make a huge difference in transforming companies into an employer of choice.
The ARC Difference
ARC Fertility is a mission-driven company providing inclusive, comprehensive, evidence-based family-forming benefits. Their cost-effective, culturally sensitive benefits promote diversity and inclusion, attract and retain a wide range of talent, promotes a family-friendly culture, and improve employee engagement and productivity.
Since 1997, ARC has helped tens of thousands of people start their families through its highly vetted national provider network that delivers 25% of all US in vitro fertilization cycles. A reproductive endocrinologist founded ARC and its benefit is innovative, flexible, and has no PEPM fees—the employer chooses the benefit amount and pays only when medical services are used. ARC Fertility provides superior outcomes, having been validated for three years consecutively to have a 20% lower twin rate, which drives significant cost savings for employers. Michael Lim, HR Director for Planisware, adds, "We love working with the ARC team. They value you as the employer and show the same level of service to the employees."
Why is this Important?
2021 was the year of learning and increased awareness about DEIB and talent retention and recruitment. In 2022, employees will continue to demand a more human work experience. Employers will continue to identify and implement benefit solutions that increase employee belonging, engagement, growth, loyalty, and address social determinants of health. Brokers, advisors, and employers will need to continue learning and adapting their benefits to these new realities. Family-forming benefits are an important benefit for all employers to consider.
ARC® Fertility is proud to be featured on The Granite List. To learn more about the work we do, find us here.
