First Class Child Care

Why should your company consider a work-site child care benefit?

In the past decade government and corporate America have restructured to accommodate pervasive changes in the structure of the work force. In fact, married women with children are the fastest growing segment of the American labor force.

38% of the labor force have children under 18

5 million preschoolers are cared for outside the family every day

60% of mothers with children under six years old are working

Parents who use family members as primary child care providers are the most at risk for work-life stress as relatives become unreliable or make demands of their own

The White House Conference on Child Care found that 25% of workers lose their child care arrangements in any given quarter, sometimes more than once.

THE NATIONAL CONFERENCE OF STATE LEGISLATURES REPORTS

80% of employers report that child care problems force employees to lose work time
Employed mothers of children under six miss an average of 8.5 days per year due to child care related problems.

SUPPORTING RESEARCH

The Bureau of National Affairs (1993) analyzed the cost-benefit of work/family programs. Aetna, for example, was found to save $2 million through their family leave policy.
Johnson and Johnson (1993) surveyed 2400 employees - those employees who used family supportive programs were absent over 50% less than others.
Los Angeles Dept of Water and Power saved $2.50 for every $1 spent on child care benefits. (Washington Business Group on Health).

YOUR EMPLOYEES ARE THINKING ABOUT CHILD CARE

Dual career couples comprise 45% of the labor force. 53% of those in which one spouse is seeking new employment want company supported child care as a benefit (White House Child Care Conference).
Over 50% of employed women with young children report child care a serious problem. Women who do not have center-based care within 10 minutes of work were twice as likely to leave their jobs as those who do (Work/Family Institute).
80% of employers reported that child care problems force employees to lose work time (National Conference of Legislators).
Over 70% of parents earning over $40,000 want their child to have a preschool experience (Child Care Information Exchange).
Employees who use family supportive programs said they were important in their remaining with the company. These workers were absent 50% less than others. (Johnson and Johnson survey, 1993)
26% of unemployed women would return to work if child care were available (Work/Family Newsbrief, 1998).

More and more companies are recognizing the need for work-life initiatives. These initiatives can be integral components of recruiting and "locking-in" key employees - leading to increased profitability.

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