What are cradle to grave benefits?

Cradle to grave benefits are benefits, privileges or services that are provided to an employee until they retire, become disabled or die. They represent the total array of benefits that a worker might be entitled to from the time they are hired till the end of their work cycle, including pensions, healthcare, child and elder care, education and financial counseling.

Common benefits include:

- Health insurance

- Dental and vision care

- Life insurance

- Disability insurance

- Retirement plans

- Paid time off

- Stock options

- Employee assistance programs

- Childcare

- Education assistance

- Financial planning assistance

Cradle to grave benefits are often offered by large companies as a way to attract and retain employees. They can be a valuable part of an employee's compensation package, and can provide peace of mind for employees and their families.

According to the Bureau of Labor Statistics, 78% of private sector employers offered health insurance to their employees in 2021, and 68% offered retirement plans. Other benefits, such as dental and vision care, life insurance, and disability insurance, are also commonly offered.

Many companies also offer tuition reimbursement, child care assistance, and employee assistance programs. These benefits can help employees balance their work and personal lives, and can improve their overall well-being.

By providing cradle to grave benefits, employers can create a more attractive work environment and attract and retain top talent. They can also improve employee morale, productivity, and loyalty.