Employer adoption benefits increasing

With adoptions growing in the U.S., more companies are helping out their employees with financial benefits to help in the sometimes costly and emotionally exhausting adoption process.

“Last year, 47% of about 1,000 major U.S. companies offered financial aid for adoption, up from just 12% in 1990,” according to the Hewitt Associates human resources consulting firm in a recent CNN.com article.

The Family and Medical Leave Act allows employees to take unpaid leave due to care for a new child including by birth, adoption or foster care. Other than the 12 weeks of leave covered under the FMLA, private employers are not legally mandated to provide adoption assistance.

There are more than 1.5 million adopted children in the U.S., making up over 2% of all U.S. children, according to the Evan B. Donaldson Adoption Institute.

The Dave Thomas Foundation for Adoption 2008 Best Adoption-Friendly Workplaces in the U.S. are:

1. Wendy’s International, Inc.
2. Citizens Financial Group, Inc.
3. United Business Media LLC (UBM)
4. Timberland
5. Barilla America, Inc.
6. Subaru of America, Inc.
7. JPMorgan Chase
8. Avon Products, Inc.
9. Franklin International
10. American Century Investments

Employer adoption benefits increasing