Global travel service provider Trip.com Group has launched a childcare subsidy for all of its employees across the globe as of this month.
Employees who have been in their roles for three years or more will receive an annual cash bonus of 10,000 Chinese Yuan (£1,086), or the equivalent in their country’s currency, for each newborn child every year from the child’s first birthday until they turn five. This is part of the employer’s planned one billion Chinese Yuan (£108,6 million) investment into subsidies to support its employees in family planning and promote working families.
According to the group, the subsidy is a further commitment towards its goal of empowering employees to balance their family and professional lives and its top priority of building an inclusive and supportive workplace. It furthers its aim to provide support to working mothers and care for pregnant employees as a family-friendly employer through its policies such as assisted reproduction benefits.
James Liang, executive chairman of the board of Trip.com Group, said: “Employees are our greatest asset to the business and we are committed to creating a better and more supportive working environment for them. Through the introduction of this new childcare benefit, we aim to provide financial support that will encourage our employees to start or grow their families without compromising on their professional goals and achievements. Businesses can also play a role within their own capabilities to build a favourable fertility atmosphere.”
Trip.com Group previously implemented a hybrid working scheme in order to enhance employee happiness and satisfaction, contribute to family care and promote work-life balance, allowing employees to work remotely on certain days of the week. Initially introduced in mainland China, the policy has now been adopted by its staff in 14 regions and countries, including Hong Kong, Singapore, Malaysia, Thailand, Japan and Australia.