Goldman Sachs offers IVF as job perk, Bonmarché rescue, working fathers

The 'vampire squid' goes family friendly, and other stories you may have missed this week.

by Stephen Jones
Last Updated: 29 Nov 2019

Family planning is the latest employee perk

In a bid to retain talent, an increasing number of firms are offering fertility treatment as part of their employee perks. Goldman Sachs is the latest City firm to offer the service to all staff. 

Regardless of how long they have worked at the bank, Goldman will offer to foot the bill for up to £15,500 and joins the likes of Blackrock, LinkedIn, Google and others in providing family planning perks; which for some also includes IVF treatment and the freezing of eggs. 

Last year the bank, which once only offered staff two weeks maternity leave, also started a scheme to pay for emergency nannies to care for worker’s sick children.

(Source: Evening Standard

A family reunion for Bonmarché

The high street chain Bonmarché looks to be saved from collapse as its former "sister-store" Peacocks prepares a deal.

Peacocks is part of the Philip Day owned  Edinburgh Woollen Mill Group and the acquisition, which is yet to be completed, will hand control back to Day from his private investment vehicle Spectre, which acquired Bonmarche in August shortly before it fell into difficulty. 

Administrators say that 30 stores may still have to close, at the cost of 240 jobs, but it’s believed that as many as 250 could be saved. 

(Source: multiple including The Guardian, Retail Gazette, The Telegraph and The Daily Mirror)

Does business have a problem with fathers?

There’s long been a misconception that success in business has to come at the cost of family life. While trends like the rise of part-time CEOs are slowly dispelling that myth, many businesses still appear to be behind the times; especially when it comes to working fathers. 

According to a study by culture change business Utopia and The Hobbs Consultancy in conjunction with research agency Opinium, a quarter of workers feel that bosses are inflexible when it comes to letting them be parents. 

Among men, 21 per cent feel that their employer actively discouraged them from performing parental duties if it got in the way of work, while a further 11 per cent believe that their boss is uncomfortable with them taking unplanned absences to care for their sick child. 

Over a third feel that the pressure to conform to a "masculine culture" and traditional notions of "being a man in a man’s world" mean there is limited support for parents in the workplace. 

"Business leaders set the tone of the entire business as soon as they walk through the door, and it’s up to them to ensure that the culture is an inclusive, accepting one," says Daniele Fiandaca, co-founder of Utopia and one of Management Today’s 2018 male agents of change.

He says there are "simple hacks" that bosses can employ to give staff the freedom to express themselves and suggests managers should be more vulnerable by sharing more about their family life or challenges with their colleagues. 

"People will feel more comfortable to be themselves if they are managed by leaders who are able to share more of themselves in the workplace," adds Fiandaca.

(Source: Utopia)

Image credit:  NurPhoto / Contributor via Getty Images

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