Real People, Real Results: Adoption assistance gains corporate clout
"The reality is that adopting a baby is very expensive," says Cathleen
Schmidt, president and CEO of Citizens Bank in
As more firms position their benefits coverage to entice workers and remain competitive, a growing number are expanding such packages to include adoption assistance. Citizens Bank topped the Dave Thomas Foundation for Adoption's rankings of the most adoption-friendly workplaces, but it now stands as one of more than 700 companies surveyed offering at least $4,000 in financial aid and one week of paid leave to employees who adopt. Industry leaders now pledge up to $20,960 in financial assistance and offer 16 weeks paid time off.
Other well-known companies on the Foundation's list include Timberland, Bank
of America, Domino's Pizza,
"It's just nice to know your company supports you in that way," says one Citizens Bank employee. "For us, it's something you really can't put a value on." The hundreds of children living in happy homes thanks to adoption assistance probably can't put a value on it either.



