In the last week, companies like Apple and Facebook have laid the seeds for what is now known in HR lingo as the perks war. Facebook has announced that it has recently began covering egg freezing, and Apple will start in January next, benefiting women employees who would like to postpone child bearing in the prime of their career.
Reacting to this, and also laying down an Indian HR context to this, Mr D Venkat, CE,O, Strides HR Consulting said here – “In my experience of managing rewards for candidates, what really works as a morale booster at the workplace are clearly quantifiable and tangible rewards. Egg freezing perks, which the global techies have offered are grossly misleading from the point of the final outcome. It’s just a hype, and the cash rich valley techies are making much ado about nothing, with their ability to throw cash. In the case of egg-freezing, when we consider the view of medical professionals, it is clear that the outcome is not just assured”
“There are many other ways in which the corporate can communicate that the women employees are more than equal; Egg Freezing perks certainly do not in reality make the women equal” he emphatically added.
He also mentioned that technology such as egg freezing are no guarantees for a successful or healthy pregnancy and delivery. Quoting medical information which is relevant to such perks and the outcome, he said – as per eminent doctors, in order to attempt pregnancy, egg freezing must be followed by in vitro fertilization (IVF) with another laboratory procedure; data available globally reveals a 77% failure rate of frozen eggs in women aged 30 and a 91% failure rate in women aged 40.
Looks like, egg-freezing allowances are not a real perk, after all the hue and cry?!