The Benefits of Corporate Childcare for Employees and Employers
The first few years of a child’s life are an exciting period of development, during which a human being is capable of learning more information at a time than ever again in their lifetime. For example, by the age of three, the average child will have developed around 1,000 trillion synaptic connections in their brain, twice the number present in the average adult. Unfortunately, these exhilarating first few years are also the years during which a child will most likely require the services of day care providers, as their parents must return to the workforce and they are too young to care for themselves. Because of this, it is important to not only find childcare options for working parents that not only fits the family’s schedule, but provides a supportive environment for the learning child. Because of this, one daycare option is becoming increasingly popular: corporate childcare solutions.
Corporate childcare solutions are on-site child care facilities which are sponsored or subsidized by companies for the use of their employees. This is often an attractive option, as parents typically assume 90% of the costs of child care. In the United States, the organization Child Care Aware of America reports that the cost of putting two children in daycare exceeds the median annual rent payments in every state. By providing working parents with a subsidized rate for childcare, therefore, the employee can typically save a significant portion of their paychecks. Moreover, with their children close by, parents are able to step in quickly in the event of an emergency and also witness many of the exciting developments toddlers and young children make every day.
Corporate daycare also offers a number of benefits for employers: it has been demonstrated that providing onsite childcare for employees can result in increased worker retention, higher productivity, and reduced absenteeism. It also has the potential to increase employee loyalty, reduce maternity leave time, and improve concentration on the job. It is also a useful tactic for attracting new employees. Moreover, over 80 of the companies listed in Working Mothers magazine’s “Top 100 Companies for Working Mothers” offer some form of corporate childcare. For both employees and employers, the benefits are clear: inquire about corporate childcare options available at your workplace or in your area today.