How can Companies Keep Good People.jpg

Employers

The lack of access to quality and affordable child care is also a barrier that limits the supply of talent in the workforce.  Companies that take an active role in helping their employees secure these services generate billions of dollars a year in revenue due to increased workforce participation.  Employers can implement policies and provide support to employees, which will help parents provide the care their children need, enable the children to reap the benefits of quality child care, while bolstering the bottom line through increased productivity and the ability to retain and attract talent needed for success.

Survey

Find out what your employees needs are by surveying them in regard to their work-family needs and collect data on utilization of your existing programs.

Offer Flexibility

Offer flexible work arrangements such as telecommuting or flexible  hours to enable employees to integrate their work and caregiving responsibilities

Educate

Provide education to your employees on the local, state and federal tax breaks and programs that they may be eligible for to help with the cost of child care.

Create an FSA

FSAs provide tax breaks for families and can be made available through the benefits package offered.  FSA can be used to pay for up to $5,000 of child care related expenses.

Offer Vouchers

Contract with child care providers  or centers for child care services.  Parents are provided  a voucher for all or part of the cost of care: child care programs redeem the voucher.

Fund Spaces

Purchase a number of spaces in child care programs to ensure  current and future employees have access to child care.

 

  

Form Consortia

Collaborate with other employers and pool resources to conduct a joint child care project.  Consortium members generally share start-up costs and receive priority enrollment.

On-Site Care

Build an on-site child care center; think about the workforce that would have access to the center and whether or not community spaces could be available.