50 companies that made big benefits changes
Go ahead and call 2018 the year of the benefits boom.
Employers in droves made changes large and small to their benefits packages in the past year as a number of factors raised the stakes. President Trump’s tax overhaul — which slashed the corporate tax rate to 21% from 35% in late 2017 — prompted a number of companies to invest savings into employee benefits packages. And a hot job market — the unemployment rate currently hovers just below 4%, a 48-year low — spurred companies to think creatively about how to best recruit and retain workers.
From beefing up paid parental leave policies and implementing student loan benefits to eyeing rare offerings — think free college tuition, breast milk shipping services and free babysitting services —here’s a look at 50 companies that made significant benefits changes this year.