Goldman Sachs has announced plans to offer employees up to $20,000 for fertility treatments to buy and retrieve eggs to help them start families.
The Wall Street banking giant says it is offering would be parents the money in an effort to combat gender inequality, The Guardian reports.
The processes can help women wanting to have children later in life, same sex couples and those struggling to fall pregnant.
In a memo to staff chief executive David Solomon said the move was ‘designed to enable everyone in our workforce to better manage the commitment to their careers while starting, growing and supporting a family’.
Goldman Sachs has announced plans to offer employees up to $20,000 for fertility treatments to buy and retrieve eggs to help them start families. The Wall Street banking giant’s New York City headquarters are pictured
They also detailed plans to offer staff 20 weeks paid parenting leave, Yahoo finance reports.
Goldman Sachs say they will give up to $20,000 to buy donated eggs.
They will also offer up to $10,000 to cover the cost of egg retrieval, which sees women take a course of injections.
Staff at the bank will then have to cover the cost of long-term freezing and storage, which is around a few hundred dollars a year.
It is the first time the bank has offered either of these options and the changes came into effect from November 1.
In 2018 the bank said sex-reassignment surgery and IVF fertility treatments would be part of their employee benefit plan.
They also offered emergency nannies to those working in London and the chance to send breast milk home if working abroad.