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Corporate Back-Up Care
Along with paid parental leave, one of the most important employee benefits is access to affordable back-up childcare. These family-friendly work policies are increasingly shown to reduce absenteeism and increase overall job performance and satisfaction.
Benefits to Employer Sponsored Back-Up Care
Employee Satisfaction
According to MetLife’s “10th Annual Study of Employee Benefits Trends,” conducted in 2011, employees who are satisfied with their benefits are nearly 3x as likely to express a strong sense of loyalty to their employers, and less likely to leave.
Decreased Stress
A recent study by the “It’s Working Project” found that childcare and the support (or lack thereof) from the workplace are the top concerns affecting parents. Support from employers makes or breaks the deal, creating either a manageable new reality or the need for a back-up plan (or even an exit).
Better Retention
The economist Sylvia Ann Hewlett has found that about 1/3 of highly educated, what she calls “high potential,” American women drop out of the workforce every year, and 74% say the lack of decent child care is the primary reason why.
Enhanced Recruitment
A recent study by EBRI found that employers who offer a strong employee benefits package have a competitive advantage when it comes to attracting and retaining desirable employees.
Less Absenteeism
According to a 2007 national survey commissioned by “Workplace Options”, 59% of employees and their spouses missed between 3-10 days of work that year due to the lack of adequate back-up child-care or elder-care options.
Positive ROI
Research shows that employers can expect a $3-$4 return for every $1 invested in back-up care due to less absenteeism, better work product, and a reduction in employee turnover.
When Do Employees Need Back-Up Childcare?
- When Their Regular Caregiver is Unavailable
- When a Child is Mildly Ill and Cannot Attend Regular Childcare or School
- When Their Regular Childcare Center or School is Closed
- During Monday Holidays or Other Vacation Periods
- Overnight Care for Business-Related Travel
- When They Need Additional Childcare so That They Can Meet Deadlines, Travel, or Work Outside of Regular Business Hours
Submit a Corporate Back-Up Care Inquiry
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