42 employers that boosted their benefits in 2019

Published Updated 1 Min Read

Bloomberg News

From student loan repayment to paid parental leave — so far this year companies in a variety of industries have taken ample opportunity to expand their benefits. Employers are expanding benefits packages as a strategy to remain competitive in an extremely tight labor market.

Industry giants Amazon, Berkshire Hathaway and JPMorgan Chase in March finally announced the name of their joint healthcare venture Haven — and a new mission: to simplify health benefits for their employees. A host of companies including Bloomberg, Diageo, Hewlett Packard Enterprise and J.M. Smucker Company boosted their parental leave benefits offerings.

The financial services company added both a student loan repayment and a paid parental leave benefit. Advance Financial will repay up to $12,000 of each employee’s debt over six years. Its program, through provider Gradifi, also includes options for employees to refinance or consolidate their student debt and receive counseling on how to eliminate the rest of their debt.

In addition to the new student loan benefit, employees, both men and women, who have been employed at the Nashville-based financial services company at least 12 months and have worked at least 1,250 hours, are eligible to receive up to six consecutive weeks of paid parental leave following the birth, placement or adoption of a child.

Caroline Hroncich
Former senior editor

Caroline Hroncich is a former senior editor of Employee Benefit News and Employee Benefit Adviser.


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