Trip Group Establishes Global Childcare Subsidy

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(03/07/23)
 Trip.com Group has established a childcare
subsidy for its global employees.

Those staff who have been with the company for
three years or more will receive an annual cash bonus of RMB
10,000 (approximately 48,500 Thai Baht) 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 subsidies to support its
employees in family planning and promote working families.

“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,” said James Liang, Executive Chairman of the Board of
Trip.com Group.

As part of its efforts to enhance employee
happiness and satisfaction, the company has also implemented a hybrid
working scheme through which employees across various markets
could opt to work remotely on certain days of the week.

The hybrid
working model was introduced with the aims to improve employee
satisfaction, contribute to family care and promote work-life
balance.

While initially introduced in mainland
China, the policy has now been adopted by the group in 14
regions and countries, including Hong Kong, Singapore, Malaysia,
Thailand, Japan and Australia.

As a demographic economist, Mr. Liang 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, can effectively help working females
reduce the time and opportunity costs of parenting and achieve a
win-win situation for both family and career.

In his new book
“Population Strategies: How Population Affects Economy and
Innovation”, published earlier this year, he analyses and shares
views on policies which could encourage childbirth.

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