Trip.com Group (9961.HK, TCOM.US) is pleased to announce today a childcare subsidy for its global employees. Employees who have been with the company for three years or more will receive an annual cash bonus of RMB 10,000 for each newborn child every year from the child’s first birthday until the child reaches the age of five . The company plans to invest RMB 1 billion as a subsidy to support its employees in family planning and promote working families.
James Liang, Executive Chairman of the Board of Trip.com Group, said: “Employees are our company’s greatest asset and we are committed to creating a better and more supportive work environment for them. By introducing with this new childcare benefit, we aim to provide financial support that will encourage our employees to start or grow their families without compromising their professional goals and achievements.
At Trip.com Group, building an inclusive and supportive workplace has always been a top priority. This childcare subsidy is a further commitment to the goal, empowering our employees to balance their family and professional life.
As a family-friendly company, Trip.com Group also provides great support to working mothers and caring for pregnant employees. In recent years, the Trip.com Group has implemented pro-family policies such as hybrid employment and maternity benefits.
Mr. Liang, as a demographic economist, believes that family welfare policies such as inclusive childcare services, equal maternity leave for men and women, protection of the rights of single-parent families, and open access to assisted reproductive technologies, effectively help to work. women reduce the time and opportunity costs of parenting and achieve a win-win situation for family and career. In his new book “Population Strategies: How Population Affects Economy and Innovation”, published earlier this year, he analyzes and shares views on policies that encourage birth.
As part of its efforts to improve employee happiness and satisfaction, the company has implemented a hybrid working scheme where employees in various markets can choose to work remotely on certain days of the week. The hybrid working model was introduced with the aim of improving employee satisfaction, contributing to family care and improving work-life balance. The global group is the first Chinese internet company to implement the scheme. While first introduced in mainland China, the policy has now been adopted by the Trip.com Group in 14 regions and countries, including Hong Kong, Singapore, Malaysia, Thailand, Japan, and Australia.