6 ways to boost the ROI of your adoption benefits — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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6 ways to boost the ROI of your adoption benefits

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in FMLA Guidelines,Human Resources,Office Management,Payroll Management

Like a mother who has just given birth, the parent who adopts a child needs time to bond and to adjust to a household that’s been turned upside down by the arrival of a new family member.

According to Hewitt Associates, that’s the consensus of the approximately 45% of U.S. companies that offer money or paid time off to adoptive parents. The number of employers offering such benefits has grown since 1999, when 29% offered adoption benefits. Among Working Mother magazine’s “100 Best” companies, 91% do today.

“It’s an absolute goodwill gesture,” says Rita Soronen, executive director of the Dave Thomas Foundation for Adoption. “It’s a recognition that families are created in a number of different ways.”

While firms offer anywhere from $500 to $20,000 to adoptive parents, the average benefit is $4,700, according to the foundation. In addition, most firms with the benefit give from one to 16 weeks’ paid leave to adoptive paren...(register to read more)

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