According to research, 85% of parents say they wish their employer offered childcare benefits; almost two-thirds of parents—and 83% of Millennials—say they’d leave one job for another if it offered better family-care benefits; and two-thirds of parents said childcare costs have influenced their overall career decisions.
What’s more, the lack of access to affordable child care and paid leave costs the United States at least $28.9 billion in wages, and American businesses lose tens of billions of dollars annually in care-related costs—costs associated with loss of productivity, absenteeism, presenteeism, and turnover.
If you’re interested in offering or enhancing your childcare benefits for your employees, you should consider taking the actions listed below.
Provide Flexible Paid Time Off
Parents often need to take unexpected time off to care for a sick child or make last-minute arrangements to pick up a child from day care or school when emergencies arise. Sometimes, a child’s usual after-school arrangements suddenly change because of a bus or car malfunction, and new parents need time off to care for a newborn until the child is old enough for day care. So, be sure to offer parents plenty of paid time off to handle these situations and more if and when they occur.
Work with and Around School and Daycare Schedules
When blizzards hit and school is suddenly canceled or classes are dismissed early, parents need to be able to adapt to these schedules. By aligning work and meeting schedules with those of school and daycare and allowing parents to have schedules that coincide with their children’s, parents wouldn’t have to call out or leave work early.
Offer Flexible Spending Accounts
If you provide flexible spending accounts for medical reasons, offer them for childcare reasons, too, and contribute a small portion of funds to these accounts.
Make Backup and Summer Child Care Available
Provide employees with reliable emergency child care, such as in-home nanny services, if they need to travel last minute for work. During summer vacations, offer employees summertime child care and discounts or prepaid vouchers for summer camps while children are out of school.
Extend Discount Programs
If you can’t offer your employees on-site child care or day care, provide discounts or prepaid vouchers to local daycare providers. Also offer discounts or vouchers for things like maternity apparel, diapers, bottles, clothes, toys, etc.