Vertical Blue’s Post

Childcare in Ireland is the worst. It is stressful and exhausting and worrisome. There is no sign of the Government acting but this report from the States shows that employers there are stepping into the gap in order to retain talent. They profile five organisations offering a variety of options from on-site emergency childcare to childcare stipends to subsidize cost. And most interestingly puts monetary value on the unseen costs like lost productivity and unexpected absences, which all parents can relate to. https://lnkd.in/eUw8ucx9

It's getting harder to be a working parent. Explains why companies who provide childcare benefits are winning. "For every dollar spent on childcare benefits, employers saw a net gain of between $0.90 and $4.25 through reduced absenteeism, less lateness and lower rates of attrition." Fascinating new study from Boston Consulting Group (BCG) Consulting Group and Moms First.

📣 📣 📣 The one employee benefit that has proven 425% ROI: Childcare. Thats right. 1 in 3 employees are parents. A new study by Moms First & Boston Consulting Group (BCG) revealed that by retaining just 1% 🤯 of eligible employees covered the cost of this benefit. Kudos to companies like Upwards innovating in this space and the companies in this study who are trailblazing in offering childcare benefits to employees. https://lnkd.in/ggMHcyPR

I’ve said it before and I’ll say it again. The childcare crisis is not a family issue. It’s an American issue. And it has huge economic implications. Everyone should be looking at ways to help, including employers. Not because it’s a charity case, but because it will boost your own business, and the overall economy. Want the best talent, the highest team member retention, and the highest employer engagement? Offer childcare benefits. ‘’The child care crisis in America affects all of us, but especially businesses. When working parents don’t have proper child care, they can’t operate at their full potential, and companies lose out on highly valuable talent.’’ Jessica Kamada Kids Care Finder #childcare #childcarecrisis #womenintech #workingparents

A robust #childcare infrastructure is increasingly recognized as a cornerstone of America's economic vitality. Our recent National Child Care Innovation Summit brought together diverse perspectives to explore this critical connection and its far-reaching implications for businesses and communities alike. In a post-summit interview, Bryan Jamele of Care.com spoke with our Senior Director Aaron Merchen about the event's key outcomes. A standout insight: states could add billions to their economies annually by preventing childcare breakdowns. As U.S. Department of Commerce Secretary Gina Raimondo noted, the care economy is "work-enabling infrastructure," as crucial as roads and broadband. Businesses of all sizes can engage in innovative solutions to strengthen our childcare system and boost economic growth. Read the full article to learn more: https://lnkd.in/eZtD2WsZ And in case you missed it, a full replay of the summit can be found here: https://lnkd.in/egtTNfyu

📰 Child care pays for itself. 🤸♀️ 🤸♀️ 🤸♀️ 🤹♀️ 1 in 3 employees balances parenthood and work. Yet, only 12% of all US workers have access to #childcare benefits through their employer — and just 6% of part-time or low-income workers.  😢 And when parents don’t have child care, they cut back on work hours or leave the workforce entirely — causing businesses to lose money and our economy to take a hit. 📈 It’s time we all see child care as the economic issue it is, so Moms First & Boston Consulting Group (BCG) Consulting Group teamed up to conduct a study of five major US companies and understand their ROI when investing in child care benefits. The results are groundbreaking and make the economic case for greater investment in child care benefits: ✅ Retaining as few as 1% of eligible employees can cover the cost of childcare benefits ✅ All 5 companies — across industries, company size, and employee mix — saw a positive return on investment up to 425%, when investing in child care benefits for their employees. ✅ Child care benefits can help individual employees avoid more than two weeks of absences annually, boosting employee productivity ✅ 86% of respondents said they were more likely to stay with their employer because of their childcare benefits, bolstering retention This proves once and for all that #ChildCarePaysForItself. https://lnkd.in/g3-JXUvC

Hi, it's me, #Corporate America! Here's some facts shared in this article: for every $1 spent on childcare benefits, some companies have made back up to $4.25 in increased productivity or other financial gains. While it might seem expensive at first, it can actually be a smart investment for the company. #fortune500 #workingparents

Exactly the type of conversation we need to have! Thanks Moms First for the post.

The numbers speak for themselves - when you create an inclusive workplace that actively supports parents, the ROI is outstanding. Thrilled to see this work from Moms First and Boston Consulting Group (BCG) that again demonstrates the value of investing in what matters to your employees. My big question is this - how many more proof points do we need before more companies take action?

YES!!! 👏🏽 Let’s change the workforce, let’s make universal employeed sponsored childcare the new norm. 🥳 The data makes the case once and for all — child care pays for itself: ✅Retaining as few as 1% of eligible employees can cover the cost of child care benefits. ✅All 5 companies in the study - across industries, company size, and employee mix — saw a positive return on investment, up to 425%, when investing in child care benefits for their employees. ✅Child care benefits can help individual employees avoid more than two weeks of absences annually, boosting employee productivity. ✅86% of respondents said they were more likely to stay with their employer because of their child care benefits, bolstering retention. Does your company offer child care benefits? Comment below or send me a message if you would like to learn more about how Premier Nanny Source can offer tailored back up child care solutions to your employees. Let’s break barriers together and create a workplace where success and family thrive in perfect harmony💫