COMPANY PERKS BENEFIT FAMILIES MORE THAN SINGLES CAUSING FINANCIAL UNFAIRNESS

SOME COMPANY PERKS BENEFIT FAMILIES MORE THAN SINGLES (SINGLES ARE SUBSIDIZING THESE PROGRAMS)

(These thoughts are purely the blunt, no nonsense personal opinions of the author and are not intended to provide personal or financial advice.)

The Province of Alberta has once again released its Top 70 Employers for 2016.

In addition to the usual maternity, paternity leaves, day-care etc., perks that benefit families more than singles include the following:

  • Academic scholarship program for children of employees who are interested in pursuing post-secondary education, up to $1,000 per child. (This is in addition to federal and provincial education benefit programs).
  • Helps newcomers gain Canadian work experience with short-term internships, offered in partnership with Immigrant Services and Centre for Newcomers. (While it is recognized that this is a good thing for immigrants, this program should be offered equally to Canadians.  Immigrant families are favoured over single immigrants in relocation programs to Canada).
  • Compassionate top-up payments for employees who are called upon to care for a loved one. (The problem with this is often the definition of “loved one”.  It is often very inclusive to only close members of the family).
  • Parent employees with college-bound kids have access to an academic scholarship program, as well as summer, co-op and internship employment programs. (This program is again very inclusive to parent employees).
  • Academic scholarship program to encourage children of employees to pursue post-secondary studies (up to $3,000 per child). (While this employer does offer first perk of long-term development of its employees through tuition subsidies for courses taken at outside institutions (up to $5,000), parent employees get second perk for their children on top of  third perk of federal and provincial education benefit programs for their children).
  • Offers parents-to-be a generous subsidy for in-vitro fertilization (IVF) treatments up to $5,000.

Almost all employers offer some form of compassionate/bereavement programs (and this is a good thing).  However, these are often restricted to  close family members and in-laws.  Families often fail to recognize that they have double benefits as these programs compensate both sides of the family.  Singles tend to use less of these benefits, and therefore, it could be said that they are subsidizing families in this regard.  Singles through their taxes also support the mother/baby hospital care, maternal/paternal leaves and EI (employment insurance) programs for parents.

This blog is of a general nature about financial discrimination of individuals/singles.  It is not intended to provide personal or financial advice.

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