In June 2023, a new Bank of America report revealed striking disconnects between employer and employee perceptions of support around menopause. The report, developed in partnership with the National Menopause Foundation, surveyed 2,000 female workers and 500 benefit managers on menopause and its impacts in the workplace. Half of peri- and post-menopausal women (51%) reported that menopause negatively impacted their work life, yet only 14% believe their employers recognize the need for menopause-specific benefits. The underrecognized need for menopause-specific benefits comes as 20% of the workforce is in some phase of menopause transition and the number of post-menopausal women is expected to reach 1.1 billion by 2025 globally.
The research demonstrates the value of a menopause-specific benefit program as an imperative for future female employees and a point of differentiation in becoming an employer of choice.