Make an argument for either side of where to spend this money: bonuses or child care? We've got a lot of parents in the office and have promised to offer more family benefits. But child care would eat up the money for higher bonuses.

like
Posting as :
works at
You are currently posting as works at

Bonuses. Everyone benefits and the parents could use that extra money to offset childcare costs. I'm a parent and don't think I'd want childcare through my employer. It'd make me hesitant to pursue other opportunities since I'd most likely be losing childcare. And on the flip side, if I were ever let go, I'd have to scramble to get my child into a new daycare (not easy) in the midst of trying to land a new role.

likesmarthelpful

Agree wholeheartedly with this

Bonus. Not everyone has children, but everyone likes money.

likesmart

I have been on the losing side of this debate for the past five years, but I will pitch it whenever I can. I recommend reducing bonuses and increasing benefits -- in particular a childcare program. Let's face it, not everybody in this company is pulling in big bucks and over 45 years old. A childcare program on-site would be a big recruiting draw for lower-paid labor positions, which are currently predominantly young women. Offering low-cost or no-cost daycare for 0-3-year-olds would be a financial plus for them. It would reduce turnover and aid in attracting more workers. The question is one of whether to fund the best benefit or one that is better for more employees.

likefunny

Agree to this,though higher bonuses may be attractive to younger folks..Childcare program would be a hit among middle aged folks who would like to stay for a lengthier period in a firm and contribute over the long term..do the math depends on the numbers..

Bonuses would be a better choice. Mostly for the simple fact that those funds go into the employees hands to choose to use how they see fit for their individual situation. Choosing to reduce or eliminate bonuses for child care makes a lot of assumptions and instead of rewarding them with the freedom of choice, it’s forcing them to use it for something they may not even need.

I’m sure the idea here is to be thoughtful and show you have insight into your employee base but unless there is an overwhelming amount of requests from your employees for this specifically, it’s better to reward them for their performed and let them choose how they want to use it.

Consider family benefits that offer flexibility (I.e vacation days) you can offer in trade for reduced bonuses if you still want to go that route.

like

Bonuses. Not everyone has children. If you need free-to-you child care for your choice, maybe you should kindly take a long walk off a short pier.

like

Bonuses. Most folks that have children have a childcare situation in place that works for them anyway. Having that tied to work is icky. Cash is king for all.

like

Bonuses

like

Related Posts

Is there any shift allowance in LTI? Also regarding mediclaim, how much is the mediclaim amount given, is it for only employee? How much is the term insurance?

like

Might move from agency to a premium car brand. New position is contract, not W2. Currently making 64k , bonus, 401k, health insurance, 15 days PTO. What $$ ask would be reasonable to recoup benefits?

There are advisors who present themselves as a financial planner first and investment manager second. Which one are you?

like

Maxed out Roth IRA contributions when I wasn't eligible for 2021 (got a salary bump mid year). Do I need to recharacterize? It's a very small account that's been open for only two years. That's the only IRA account I own. Do I need to open a traditional IRA and roll over 6k + realized gains into that account and keep the Roth IRA. So confused how this works and got conflicting information from Merrill.

like

How many leaves are there in PwC AC. Do you guys have winter disconnect?

Is direct lending/private credit technically buy side?

like

Hi IBMers,
Do we need to mandatorily submit the rental agreement, rental proofs and landlord's PAN to claim HRA for any amount?
Please help me with your suggestions. Thanks in advance 😊

like

PENN down 20% on earnings miss and Portnoy allegations…what to do?

like

Should I put $20K towards my student loan balance of $230K before the no-interest period ends or max out my 401k, which I have contributed nothing to this year. I’m 25. Employee matches 4%.

like

The threat of nuclear bombs flying over cities should crash the real estate market

like

I heard you need to show a net worth of 100% of the loan amount. Have you heard about this?

like

A lot of my friends (on H1B) have bought houses in suburbs (or away from City) the past year. I really would like to stay near City (NYC). Any of you considered or have bought apartments in City area instead of huge suburb houses? Any pros and cons that you are aware of?

like

What’s the parental leave policy at your firm? Maternity vs paternity? Is two weeks paternity leave pretty standard?

Both my grandparents died within the last few years (husband/wife) and now the siblings (including my dad) need to divide up the remaining estate. My dad is the oldest and has been the primary caretaker for both of his parents, who lived to their late 80’s/early 90’s and his disabled sister. He also manages an apartment building for the family. Now the youngest brother wants to do a bunch of auditing of accounts and is ready to take my dad to court. I’m like, you had 15+ years to get (cont)

like

What’s the general guidance on the order to maximize retirement contributions for tax benefits for an normal individual and for a self employed/small business owner before moving to taxable accounts or alternate vehicles like cash value life policies?
I’ve seen for individual: match trad 401k->match roth 401k->max roth IRA->max trad IRA->max trad 401k->max roth 401k->max HSA
For self employed: max SEP IRA/solo 401k->max roth IRA->max trad IRA->max HSA

Of course situations differ but in general?

like

Decided to payoff my mortgage.

like

I’m seeing lots of posts about really bad losses. If you trade you’re going to lose money - hopefully not all the time, but many positions will be mistakes. But you need a process to find ideas and manage positions. Two books you should read are “The New Trading for a Livinng” and “The Laws of Trading.” Both look at psychology, process, and risk in different ways that can help you work out your own process. The next 18 months will be much harder than the last 18 - time to start learning.

likehelpful

Is it okay to take leaves during probation in Infosys consulting? The offer letter does mention 4 leaves per quarter.

I'm joining during in October and thought I could take a week off for Christmas. Not sure if they have a concept of block leaves during Christmas though.

like

Is retail quant trading on a massive rise?

likehelpful

Anyone have a good tax person in Philly

like

More Posts

Went on a bachelorette trip where the maid of honor was very anal, she made us do bi-monthly check ins with slides/agenda/itinerary since last year. We even had to share outfit pictures of exactly what we would be wearing, we got a dress code (color, length of dress, types of accessories), how to make the bride stand out, and tips on how to take pictures a certain way to flatter the bride. Now she’s going to be joining my office too, im scared I’ll have to see her often and socialize

like

Korn Ferry, Russell Reynolds or Heidrick & Struggles? Which one is better and why?

like

Has anyone here ever been fired for being rude to a customer?

like

Did anyone do an updated insurance policy for their luxury purses or other expensive item collection?

like

Good resources to find industry metrics? Interested to see how carriers rank up by product type in direct written premium, new business, combined ratios, etc.

like

Best month to find an apartment? Currently a nomad working abroad so want to strategically time my move back to NYC. Lived here for 5 years but always stuck in the summer rental cycle

like

If you could buy a house in nyc, would you pick west village, Williamsburg, ues, uws, or Astoria?

like

People joining TCS at Senior Consultant designation with 12 years exp, with no MBA degree or even from with exceptional experience in niche technologies is truth these days.

Existing employees with 20 years exp working on presales consulting, winning millions of dollars of projects in RFPs, delivering multi million dollar assignments are still not getting promoted and paid in peanuts

Makes me wonder if companies are really enjoying so called great resignation period. What's the thought ?

like

Any suggestions on SPG/Marriott hotels in Barcelona for personal travel?

like

I had an interview the week before Christmas and New Years. I know there is usually a holiday slump - when should I reach out about an update? It will be 3 weeks tomorrow.

like

How do filmmakers find investors?

like

Hi ,

I have 1.10 years of experience in HR Operations / HR Shared Services.

Can anyone help me to get a job change ?

like

The learning and design content I write belongs to the company where I work. Am I able to add and/or share my work in my portfolio? Is it acceptable to create some generic content to demonstrate my skill set?

like

Hi Guys,
Need a referral for an opening in Accenture India Accenture. Would appreciate your help. Thanks

like

I have recently joined EY.
@can someone help me how to fill time sheet
And how to connect to EYRC Accenture EY

like

Anyone have the name and contact info for the HR Lead at WundermanThompson Health? I need it for a background check and can’t seem to find it anywhere. TIA

Working on a regular desk and my laptop has been killing my back and neck for last few years. Finally spent a couple hundred dollars on a standing desk, wireless keyboard, and back/neck heating pad to alleviate the pain. Very hopeful working will be much better now.

like

If you work at a FAANG company, have you experienced workplace discrimination?

like

Hello! Currently work in Data Center Sales at Dell and I’m looking for a job referral. Looking into Solutions/Systems Engineering positions for pre/post sales. My experience is in IT and I would like to know if anyone has leads on these roles (ServiceNow, Nutanix, VMware, etc.) to name a few. Open to conversation and sending over resume information.

Thank you!

like

Additional Posts in Employee Benefits

I have $30 remaining in my technology subsidy. Can I use it to pay part of a purchase of an earphone set worth $200

Deloitte Cloud practice vs. Accenture Cloud practice. Which one is better?

like

How come I have to pay $116 out of pocket for my dental exam and cleaning? Is this covered by your firm’s dental coverage plan?

likehelpful

How does pwc’s wealth builder plan work ?

like

Company offers 200% match on the first 3% of 401k contributions, vested immediately. How is that relative to other firms?

like

Anyone use the Apple Card to buy iPhone on monthly installments and submit Apple statements for the cell reimbursement? Or do we have to buy phone through cell carrier?

like

How common is it for a firm to contribute to an HSA on an employee’s behalf, and what is the largest contribution you’ve seen that an employer gives?

like

What are benefits like at Accenture?

At EY is I was reimbursed for a stationary bike 2 years ago. Would EY reimburse me for a road bike this coming year? There's a stipulation that says every 5 years but I'm not sure if that means for another stationary bike or if I can get a road bike and be reimbursed.

like

EY folks - how do I increase my firm group life insurance coverage (not the group universal / variable policy)? My wife’s coverage is at like 3x my salary but mine is only at 1x my starting salary from 5 years ago…

like

I do sales for a major engineering firm. Focused on new business and exploring new markets. Last year I was in the top 50% for order intake, and first in number of projects won along with number of new customers. I think this is extraordinary given the effort it takes to win new business.

For next year my goal increased by 2.5X, and less of what I bring in counts towards that target. I really enjoy my job but I will essentially be getting a large pay cut. Lost in what to do besides quit??

like

EY folks, anyone get their Invisalign covered by insurance?

like

Bain & Company PPO health insurance only! Post your firm's biweekly premium (employee deduction) and whether it's employee, employee+spouse or employee+family.

Deloitte Accenture EY PwC Boston Consulting Group McKinsey & Company Bain & Company KPMG

like

Top benefits at Bank of America?

like

Does Slalom offer fertility coverage? (E.g. IVF)

like

Does EY help pay for hearing aids? Starting full time this fall and I think I remember reading something about it when I interned but I no longer have access

like

I feel like I keep finding out these random benefits that I was never aware of. What have others found to be their favorite benefit?

like

I joined EY this week. May i know whether are any good benefits to know during the first few months?

like

Any insider knowledge of EY modifying the frequent traveler program policy now that most travel will be reduced?

like

Interested in getting opinions on Wipflis benefits

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal