Online marketplace company offers baby bonuses to employees

An American CEO is giving away $5,000 to every employee who decides to adopt or have a baby- now one of the few companies in the country with a “baby bonus” benefit.

Michael Seiffert, founder and CEO of Publicsq, 28, has instituted this bonus in early June, and is now offering $5,000 after tax as baby bonus in his “pro-family” and “pro-America” approach.

The San Diego-based pro-American company now has seven announced pregnancies- in less than a month after introducing the bonus.

As the company nears a 100 employees, 7% of employees are now looking to benefit from this bonus in the next year.

Employees will have access to the bonus after childbirth but the company will grant the $5,000 immediately to employees who are starting out their adoption process.

“Those adoption fees can be exorbitant. So we try to help off with that and make the adoption process seem tangible.”

The Publicsq CEO says they’ve had employees say that they feel really valued and safe.

“People are proud to say they work for the company with the baby bonus, and they recommend this as a place to work.”

After being featured on national news, Michael says they’ve certainly had their “fair share of criticism” but it’s making their movement “even stronger.”

The Publicsq CEO wants to do the opposite as to what “unethical” companies like Nike, Lululemon and Amazon are doing- which is to incentivize a “pro-family” approach.

Following last year’s decision to overturn Roe vs. Wade, abortion bans have been implemented in various states in the US.

As a result, companies like Apple, Airbnb, Buzfeed and Starbucks introduced abortion benefits as part of their family benefits package.

These benefits include medical support and travel cost reimbursement.

“There are companies in the US that will actually pay for their employees abortions. I don't think your employees thrive when their company's paying for their abortions.”

“We are putting money where our mouth is to say that if you want to have a child, we want this to be really incentivized in our staff culture, and we're one of the only businesses doing that.”

He adds, “This isn't a political stance. This is purely a principled stance.”

Michael says as they get more media exposure, more businesses will step up to institute similar policies.

“I'm excited about the future of corporate America's emphasis on the family unit as more companies do this.”