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Employees who have been with the company for three years or more will receive a total of RMB 50,000 for each child, from birth until they turn five.
China's online travel agency Trip.com Group has announced an investment of RMB 1bn as childcare subsidies to support its employees globally in family planning and promote working families.
Starting from 1 July 2023, employees who have worked for the company for three years or more, regardless of their gender, are eligible to 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. In other words, employees will receive a total of RMB 50,000 for each child they have.
This benefit covers all employees worldwide, more than 20,000 employees' children are expected to benefit from this policy.
"Employees are our greatest asset to the company and we are committed to creating a better and more supportive working environment for them," James Liang, Executive Chairman of the Board of Trip.com Group, said in the statement. "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.”
Since December 2015, Trip.com Group has implemented more than 10 pro-family policies such as hybrid work and assisted reproduction benefit. Trip.com Group was the first internet company in China to implement the hybrid working scheme, which has now been adopted in 14 markets and countries, including Hong Kong, Singapore, Malaysia, Thailand, Japan, and Australia.
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