Maven’s State of Women’s and Family Health Benefits in Finance

How fertility, maternal health, and Gen Z are transforming benefits decisions

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Maven’s State of Women’s and Family Health Benefits in Finance

How fertility, maternal health, and Gen Z are transforming benefits decisions

2024 - Annual Maven Fertility Report Finance
2024 - Annual Maven Fertility Report Finance

Uncertain times call for proven outcomes

Amid the host of changes over the last few years, finance employers are designing their benefits to drive maximum impact. They aim to lower costs for employees while delivering clinical and financial returns on investment for the organization.

75%

of U.S.-based finance employees are concerned or very concerned about the rising cost of healthcare.

21%

of U.S.-based finance employers are shifting their approach to benefits by consolidating benefits, with many seeking out end-to-end family benefits vendors over point solutions.

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The world is changing—and benefits need to change with it

The world of work is going through seismic shifts, and it shows no signs of slowing down in 2024. Benefits-as-usual won’t be as effective moving forward, and HR teams are shifting their strategies to provide the support that cultivates a high-performing, engaged workforce. 

How are leading finance employers approaching women’s and family health benefits going into 2024? We surveyed over 1,200 HR leaders and over 3,000 full-time employees to understand the benefits employees need, and what changes employers are making to support them. 

The world is changing—and benefits need to change with it

The world of work is going through seismic shifts, and it shows no signs of slowing down in 2024. Benefits-as-usual won’t be as effective moving forward, and HR teams are shifting their strategies to provide the support that cultivates a high-performing, engaged workforce. 

How are leading finance employers approaching women’s and family health benefits going into 2024? We surveyed over 1,200 HR leaders and over 3,000 full-time employees to understand the benefits employees need, and what changes employers are making to support them. 

2024 - Annual Maven Fertility Report Finance

Uncertain times call for proven outcomes

Amid the host of changes over the last few years, finance employers are designing their benefits to drive maximum impact. They aim to lower costs for employees while delivering clinical and financial returns on investment for the organization.

75%

of U.S.-based finance employees are concerned or very concerned about the rising cost of healthcare.

21%

of U.S.-based finance employers are shifting their approach to benefits by consolidating benefits, with many seeking out end-to-end family benefits vendors over point solutions.

Explore the findingsExplore the findings

“Employee wellbeing is one of our top priorities. Women’s and family health benefits empower our colleagues to focus on their families and themselves while enabling them to bring their whole selves to work.”

Jackie McNeil

Jackie McNeil

VP, U.S. Benefits
Deutsche Bank

Comprehensive solutions are rising to the top…

To build benefits better suited for a modern workforce, finance employers are looking for comprehensive support that covers employees’ full reproductive health journey. Nearly half of employers plan to expand their offerings through select end-to-end vendors to drive ROI and ensure all employees can access quality care along their reproductive health journey.

51%

of employers plan to increase their family health benefit offerings in the next two to three years

75%

of finance employees say that access to virtual healthcare makes it easier for them to work in person

80%

of finance employers say reproductive and family benefits are important or very important for retaining employees

...Because finance employees expect comprehensive support

In 2024, leading finance companies will align their benefits strategy with changing employee expectations. By doing so, employers will build employee trust and loyalty, cultivating a high-performing, engaged workforce amidst changes.

Finance employers’ top family benefits priorities in 2024:

Mental health support

Menopause support

Childcare support

More paid parental leave than is legally required 

Parenting support