Inclusive benefits play a crucial role in retaining diverse talent and reducing healthcare costs. These benefits can support LGBTQIA+ employees through their unique paths to parenthood and combat biases in traditional healthcare systems. By implementing equitable family health benefits, companies foster belonging and attract top-notch candidates to create high-performing workforces.
Traditional healthcare systems aren’t built to support LGBTQIA+ people and their families. From antiquated laws around adoption to stigma surrounding different pathways to parenthood, LGBTQIA+ people on their family journey are at an increased risk for discrimination and a lack of clarity and empathy from providers.
Inclusive benefits are crucial for LGBTQIA+ employees, combatting gaps in the traditional healthcare system. Employers who invest in these benefits make a tangible difference in the lives of employees while also reducing fertility and pregnancy-related healthcare costs. In order to remain competitive, retain talent, and improve diversity, employers should design equitable and inclusive benefits policies that support all paths to and through parenthood.
By embracing diversity and inclusion efforts in the workplace, organizations cultivate belonging and reap significant benefits.
- Diverse teams drive results: Hiring employees with varied perspectives allows companies to benefit from innovative ideas and strategies, fostering adaptability and competitiveness. Research backs up the benefits of diversity and inclusion: McKinsey found that diverse teams outperform homogeneous ones by 35%.
- Inclusive companies stay competitive: 67% of job seekers consider diversity and inclusion a crucial factor when evaluating job offers. Inclusive companies can attract top-notch candidates, boosting their reputation and long-term growth.
- Inclusivity increases engagement: Inclusive workplaces encourage empathy, support, and engagement. Understanding and respecting each employee’s needs fosters effective collaboration and increased employee engagement. Gallup found that highly engaged teams have 59% lower turnover rates, reducing turnover costs and increasing productivity.
The step-by-step checklist for designing an inclusive benefits package that empowers LGBTQIA+ parents
Fill gaps in care
LGBTQIA+ employees want—and need— more inclusive benefits. As the leading women’s and family health company, Maven is uniquely positioned to support employees along their parenting journey, no matter their path to and through parenthood. To learn more about how Maven can help you provide equitable and inclusive benefits to your employees, schedule a demo today.
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