Creating Employee Benefits that Empower Women in the Workplace
As we close out the month of March which highlighted International Women’s Day, we want to put some focus on the valuable benefits for women in the workplace. As an employer, one of the most important things you can do for the women in your workplace is to create an attractive, well thought out benefit package. A benefit package that fits the needs of a working woman who may be juggling the corporate work environment and the family work environment.
Here are some benefits that prove to most valuable to women:
- 401(k) plan or Company retirement plan:
Can give women the ability to prepare for their futures and add to their family retirement goals. - Employee Benefit package with a Medical FSA option:
Gives the ability to reimburse certain over the counter expenses for themselves and their families. A Medical FSA is also used for medically necessary copayments and other expenses creating a tax savings for already anticipated events. - Employee Benefit package with a Dependent Care FSA option:
A tremendous value-add to a woman and her family which can reimburse eligible dependent care services like daycare, before and after school care and summer camps. - Work/Life Balance and Flexibility:
With so many working women managing their family and professional demands, flexibility is so valuable. A remote or a hybrid work environment can help make day to day challenges easier like doctors’ appointments or tending to a sick child more manageable and in most cases allow the employee to be work more efficiently - An Employee Assistance Program (EAP):
Usually a benefit that comes paired and packaged with other benefits at no extra cost. An EAP offers confidential support and provides a solution for mental health, financial support, legal advice, etc.
See our Women & Wealth page to learn about challenges women face in retiring and some tips to better prepare.
Read Our Related Articles:
Closing the Gender Gap in Financial Independence
Financial Strategies for Single Women
Conquering Retirement Challenges for Women
Please contact Melanie Tumolo at melanie@ewmginc.com for more information. We are excited to be able to offer these unique and valuable benefits to you and your employees!
If you have any life changes or updates to your benefits that you need us to address (I.e., address change, marriage, the birth of a child, loss of coverage, etc.) please do not hesitate to contact us at 215-579-5601 or email us at info@ewmginc.com.
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