Trip.com Group plans to invest one billion yuan (US$137.6 million) on childcare subsidy to support its employees in family planning and promote working families.
Global employees who have been with the company for three years or more will receive an annual cash bonus of 10,000 yuan for each new-born child every year from the child’s first birthday until the child reaches the age of five.
James Liang, executive chairman of the board of Trip.com Group, said: “Employees are our greatest asset to the company and we are committed to creating a better and more supportive working environment for them. Through the introduction of this new childcare benefit, we aim to provide financial support that will encourage our employees to start or grow their families without compromising on their professional goals and achievements.”
This childcare subsidy is a further commitment towards the company’s goal of building an inclusive and supportive workplace, to empower its employees to balance their family and professional lives.
Trip.com Group also implemented a hybrid working scheme through which employees across various markets could opt to work remotely on certain days of the week – it was the first internet company in China to implement the scheme, which has now been adopted in 14 regions and countries, including Hong Kong, Singapore, Malaysia, Thailand, Japan, and Australia.
