by Jody Day
Jody Day, founder of a support network for childless women, states that the move convinces ambitious women to surrender their fertile years to the demands of the company
Offering egg harvesting as a business advantage is a smart move from Goldman Sachs; don't fool yourself that altruism plays a role in this.
The banking industry announced this week that it would offer employees up to £ 15,500 to cover the costs of fertility treatments, including extracting eggs for freezing or for use in IVF, or buying eggs from a donor.
Why this & # 39; benefit & # 39; to offer? Keeping employees motivated and focused in an extremely heavy work culture.
After all, what better way to persuade ambitious women to surrender their fertile years to the demands of the company than to offer them insurance that could later offer a baby?
This is an environment where it is difficult to form relationships, thanks to long hours. Juggling motherhood with the demands of a high-octane career is something that most female employees simply cannot accept in their years & # 39; 20 and & # 39; 30.
Retaining talent is a headache, but less if you can make women think it's safe to ignore the ticking of their biological clocks.
It is a way to get women to surrender their fertile years to the company
Why cheat? Because I bet nobody tells these women that IVF is far from the cure – all for age-related fertility decline that they would like to think so.
As the founder of the childless women's network Gateway Women, I have spoken with countless people for whom fertility treatment has only led to heartache.
Most people just don't know that IVF remains groundbreaking. The success stories that we hear have it so normalized that the average person does not know how much is still experimental.
In reality, the older you are, the less likely it is that it will work. According to recent data from the European Society of Human Reproduction and Embryology, the worldwide failure of IVF is nearly 80 percent.
That number grows even worse in your 40th birthday, the age you would expect that many of the Goldman Sachs female staff would start thinking of cashing in on their fertility insurance.
According to the British regulator, the HFEA, only 9 percent of the cycles lead to a baby if you are between 40 and 42 years old. Between 43 and 44 you only have a 3 percent chance of working with IVF.
In other words, these women are being sold as puppies. . . because they may only find out when it is too late to do something about it.
from Sophie Money-Coutts
Meanwhile, author and journalist Sophia Money-Coutts says the movement is progressive and would take it if she were a powerful banker
I brought my girlfriend, Ali, to the hospital last year for her egg freezing procedure.
She had injected her stomach with hormones for the past two weeks, so her ovaries had swollen like water balloons, several eggs had popped up, and after anesthetic the doctor stuck a needle through her vaginal wall to collect them. Or & # 39; harvest & # 39; they, as they say in the company.
I've had better days. We both cried when I helped her stagger back to the car, her arm wrapped over my shoulder. At least Ali had an excuse for her tears because she had just had an unpleasant operation.
It was the emotional charge of the morning that undone me: a strict schedule of hormones, needles, and sedatives is not how a young girl thinks they could ever have a baby. But Ali was single, 34 (just like me) and decided that this was an insurance plan for the future.
I would jump on the offer if I were a top banker
She wanted to freeze her eggs before the dreaded age of 35, when the egg quality probably started to decline. Raising £ 6,000 for the privilege felt like her only option.
The news that Goldman Sachs offers up to £ 15,500 for its employees to harvest eggs has rightly sparked a debate.
Opponents claim that this is simply a way for the investment bank to try to discourage its staff from getting pregnant and to take maternity leave. Don't worry, stay at your desk for a few more years! You can almost hear the crack of the whip in the air.
It is a charged and very sensitive subject. If you are a single woman in her thirties these days, it may feel like you have failed. Even actress Emma Watson admitted so much this week and talked about the & # 39; subliminal messages & # 39; around this time.
& # 39; If you don't have a husband, if you don't have a baby. . . there's just an incredible amount of fear & # 39 ;, she told Vogue.
Should you marry the next man who just comes by to get pregnant? Do you have to wait and cross your fingers that a man, such as the 94 bus, will be passing by before it's too late for your shriveling inside?
Or do you have to find thousands of pounds and in the meantime freeze the egg?
I feel the pressure rise almost daily, and that's why I think the Goldman Sachs plan is ultimately a progressive offer that I would jump on if I were a powerful banker (instead of a freelance writer who doesn't have health insurance too).
Egg harvesting is a grim and exhausting process, but I have seen firsthand how women, including Ali and several other girlfriends, have forced themselves through it and felt more control over their lives, less panic. If you have an employer who wants to cough it up, then even better.
You don't have to stay chained to that desk forever, but at least your eggs are on ice.
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