Facebook and Apple Now Pay For Female Employees To Freeze Their Eggs

Dave Knott writes: While freezing eggs has become an increasingly popular practice for career-oriented women, the procedure comes at a steep price: Costs typically add up to at least $10,000 for every round, plus $500 or more annually for storage. Now two Silicon Valley giants are offering women a game-changing perk: Apple and Facebook will pay for employees to freeze their eggs. They appear to be the first major employers to offer this coverage for non-medical reasons, both offering to cover costs up to $20,000. Tech firms are hardly alone in offering generous benefits to attract and keep talent, but they appear to be leading the way with egg freezing. Advocates say they’ve heard murmurs of large law, consulting, and finance firms helping to cover the costs, although no one is broadcasting this support. Companies may be concerned about the public relations implications of the benefit – in the most cynical light, egg-freezing coverage could be viewed as a ploy to entice women to sell their souls to their employer, sacrificing childbearing years for the promise of promotion. Will the perk pay off for companies? The benefit will likely encourage women to stay with their employer longer, cutting down on recruiting and hiring costs. And practically speaking, when women freeze their eggs early, firms may save on pregnancy costs in the long run. A woman could avoid paying to use a donor egg down the road, for example, or undergoing more intensive fertility treatments when she’s ready to have a baby. But the emotional and cultural payoff may be more valuable, helping women be more productive human beings.