American Express shares why it offers up to $35,000 in adoption benefits to employees
There were more than 113,000 children in the foster system eligible for adoption in the US in 2021, and ~54,000 children adopted, as more people build families through adoption.
The Dave Thomas Foundation for Adoption recently released its annual Best Adoption-Friendly Workplaces list. In the 2023 report, they found “both an increase in the number of organizations that participated [in offering adoption benefits] and our first-time providers of benefits.” Also, financial reimbursement for adoption increased by 23.5% compared to 2022, bringing the average amount covered to $14,831, plus nine weeks of paid leave.
Some companies offer much more. American Express, for example, offers up to $35,000 in adoption benefits to employees.
Read Kristen Parisi's full Jan 12, 2024 article here.