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NewslettersFortune CHRO

Forget benefits for humans—these are the pet perks that employees are clamoring for

By
Brit Morse
Brit Morse
and
Emma Burleigh
Emma Burleigh
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By
Brit Morse
Brit Morse
and
Emma Burleigh
Emma Burleigh
Down Arrow Button Icon
October 29, 2024, 8:33 AM ET
Monty Hobbs, right, and his dog Mattox sit next to another pet dog on the patio at the Olive Lounge in Takoma Park, Md. on May 4, 2023.
Monty Hobbs, right, and his dog Mattox sit next to another pet dog on the patio at the Olive Lounge in Takoma Park, Md. on May 4, 2023. Jose Luis Magana—AP

Good morning!

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Pets have always been an important part of people’s lives, but many companies are still hesitant to offer related benefits. 

During the first year of the pandemic, a whopping 23 million households, or one in five people in the U.S., adopted a pet, according to the ASPCA. And although 76% of employers don’t offer pet insurance, which covers medicine, surgery, hospitalization and other expenses, around 22% of HR professionals have received pet insurance requests from workers, according to a recent survey conducted by research firm KRC for PetPartners, an insurance company. 

Pet perks for workers can go beyond traditional pet insurance. Employees are also looking for additional time-off to care for their furry friends. Around 64% of pet owners said that providing paid time off for pet emergencies would influence their decision to choose one employer over another. And around 57% say they’ve used their own dedicated sick days or PTO to care for their animals. 

Providing assistance with pet boarding when employees or traveling, or some flexible time for people to figure out accommodations for their furry friends, could go a long way as well. A substantial number of pet owners (62%) report that pet boarding, and its associated expenses, has influenced their decision to take time off. And when it comes to a new puppy (or kitten, or hedgehog, etc.) 67% are interested in time off to care for the new addition. 

Some employees are even willing to go as far as to say that they’d prefer pet-related benefits over traditional ones. For instance, 71%, of pet owners would choose a pet-friendly office over an on-site game room. Additionally, most said they would prefer pet insurance to health and wellness programs, an onsite pet care service to a fitness center, and complementary kibble over office snacks, according to the study. 

While that may seem ridiculous, I know how much dog food costs—and I would ditch office snacks in a heartbeat if it meant free meals for my rescue pup Massimo.

Brit Morse
brit.morse@fortune.com

How will your business adapt in the face of a shifting global landscape? Join global executives and policy leaders at the Fortune Global Forum in New York City Nov. 11-12 to discuss AI, the future of democracy, rising geopolitical tensions, and more. Request your invite here.

Today’s edition was curated by Emma Burleigh.

Around the Table

A round-up of the most important HR headlines.

Volkswagen has announced they will shut down at least three factories, laying off tens of thousands of staffers, as part of a cost cutting strategy. WSJ

Goodbye, rise and grind—more U.S. workers don’t want to climb the corporate ladder anymore because they’re happy in their current roles. Business Insider

While a majority of employees say they don’t use AI on the job, there is a growing group of “super users” who are deploying the tech to get ahead at work. Washington Post

Watercooler

Everything you need to know from Fortune.

Grind culture. The CEO of a trillion-dollar Norwegian oil fund says that Americans work harder, and that European employees “are not very ambitious.” —Eleanor Pringle

Money hungry. While workers get laid off in droves, CEOs and shareholders reap the financial rewards, because “rules are being rigged and the companies are helping to rig them.” —Chloe Berger

International remote work. An increasing number of Europeans are working in U.S. jobs for U.S.-level wages, but the roles come with some significant time zone obstacles.—Samuel Burke

This is the web version of Fortune CHRO, a newsletter focusing on helping HR executives navigate the needs of the workplace. Sign up to get it delivered free to your inbox.
About the Authors
Brit Morse
By Brit MorseLeadership Reporter
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Brit Morse is a former Leadership reporter at Fortune, covering workplace trends and the C-suite. She also writes CHRO Daily, Fortune’s flagship newsletter for HR professionals and corporate leaders.

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Emma Burleigh
By Emma BurleighReporter, Success

Emma Burleigh is a reporter at Fortune, covering success, careers, entrepreneurship, and personal finance. Before joining the Success desk, she co-authored Fortune’s CHRO Daily newsletter, extensively covering the workplace and the future of jobs. Emma has also written for publications including the Observer and The China Project, publishing long-form stories on culture, entertainment, and geopolitics. She has a joint-master’s degree from New York University in Global Journalism and East Asian Studies.

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