{"id":4179,"date":"2021-03-11T00:00:00","date_gmt":"2021-03-11T00:00:00","guid":{"rendered":"https:\/\/compt.io\/pillars\/family-stipends-benefits\/"},"modified":"2025-02-19T14:29:08","modified_gmt":"2025-02-19T21:29:08","slug":"family-stipends-benefits","status":"publish","type":"guide","link":"https:\/\/compt.io\/guide\/family-stipends-benefits\/","title":{"rendered":"The Ultimate Guide to Employee Family Stipends"},"content":{"rendered":"\n

A family stipend<\/strong><\/mark> is an ideal way to support all employees and their families, in whatever shape they take, by helping cover childcare, senior care, fertility treatments, surrogacy, adoption, and more.  <\/p>\n\n\n\n

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An employee’s productivity levels and performance at work are hugely impacted by their life outside of work. And more often than not, that life includes family life. <\/p>\n<\/blockquote>\n\n\n\n

According to Compt’s 2024 Benchmarking Study<\/a>, the Family stipend category was the third most popular category by money spent.<\/p>\n\n\n\n

Whether your team has young children, family members in need of care, are trying to grow their family, or are in any other countless unique family settings, your employees are constantly trying to balance the challenges and stresses from home with work.<\/p>\n\n\n\n

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Truly great, people-focused companies understand this work-family-life conflict and do their best to take care of employees’ families in some way. <\/p>\n<\/blockquote>\n\n\n\n

While offering individual family benefits is a good approach, such as some dedicated programs for adoption or fertility, what about employees who don’t have a need for that? A more powerful and inclusive way to support all of your employees’ various out-of-state-care-stipends family needs is through a family stipend. With a flexible family stipend, more of your employees can gain valuable peace of mind in their family lives so they can stay present, productive, and engaged at work.  <\/p>\n\n\n\n

What is a Family Stipend?<\/h2>\n\n\n\n

First, a definition:<\/p>\n\n\n\n

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A family stipend, or family allowance, is a sum of money given to employees in addition to regular wages to help them pay for family-related expenses. <\/p>\n<\/blockquote>\n\n\n\n

When you offer your employees a family stipend, you not only communicate that you recognize the common challenges of family life, but you also “walk the walk” by taking positive action toward making things better for your employees and their families<\/strong>. A family stipend can do wonders for your employees’ sense of appreciation and belonging at your company as well as lower their stress levels and risk for employee burnout<\/a>.<\/p>\n\n\n\n

The categories that a family stipend covers can include: <\/strong><\/p>\n\n\n\n