Apple and Facebook offer to freeze eggs for female staff
This article is about Apple and Facebook battling for the best talent by
offering to pay for female employees to freeze their eggs. Facebook has started
offering female staff up to $20,000 (£12, 570) for so-called
ocyte-cryopreservation, so that they can delay having children until later in
their careers. The process typically costs between $10,000 and $15,000, plus an
additional $1,000-a-year to keep the harvested eggs on ice. The social network
is also offering help to men who want to become parents. Apple has said it
plans to start paying for egg
freezing from January.
Both companies hope
that the move will help them to attract more female staff, and retain them for
longer by reducing the pressure on them to have children before a particular
age. Instead of progressing up the ladder to senior positions, many women
having children end up dropping out of the workforce, leading to a loss of
experienced talent.
Key Points:
·
Women’s
fertility goes into steady decline after the age of 35, and falls even more
rapidly after 40
·
The
process typically costs between $10,000 and $15,000, plus an additional
$1,000-a-year to keep the harvested eggs on ice.
This shows that
Facebook care about their own progress and are giving their female staff a reason
to carry on working for them rather than the females focusing on have a females
as there is an option to have the children at a later stage.
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