{"id":2748,"date":"2023-12-21T20:34:10","date_gmt":"2023-12-21T20:34:10","guid":{"rendered":"https:\/\/www.care.com\/business\/?p=2748"},"modified":"2023-12-21T20:34:10","modified_gmt":"2023-12-21T20:34:10","slug":"offering-child-care-benefits-to-employees","status":"publish","type":"post","link":"https:\/\/www.care.com\/business\/offering-child-care-benefits-to-employees\/","title":{"rendered":"Top 5 employee child care benefits and why your company should offer them\u00a0"},"content":{"rendered":"
Employee child care benefits are provided by employers to help employees better manage the demands of working and parenting–and to help them solve three core problems: finding care, affording care, and navigating the complexities of care. Many employers also realize that by helping employees with parenting responsibilities throughout all stages of life–infants through college, working parents are less distracted and more focused at work. In 2023, nearly 50% of HR leaders<\/a> surveyed said they are prioritizing child care benefits as a way to improve productivity. <\/p> Here are the top employer-sponsored employee child care benefits available today: <\/p> While these top benefits are trending, there are many other child care benefits available to employers—flexible schedules, maternity and paternity leave, breastfeeding support, mental health benefits and more. If you’re not sure what is best for your organization, use this template<\/a> to survey your employees and use the data and results to help form your child care benefits strategy. <\/p> Working parents need support more than ever. For starters, the cost of child care is unaffordable for the majority of families. On average parents spend 28% of their household income on child care<\/a>–four times what the Department of Health & Human Services deems affordable. <\/p> Further, it’s hard for employees to find care. The caregiver shortage is real–and with the recent loss of federal funding, referred to as the “child care cliff<\/a>” more than 70,000 child care programs<\/a> nationwide are expected to shut down. <\/p> This is not good news for employees or employers. When employees don’t have access to reliable, affordable care, they can’t work. In fact, 20% of working parents quit<\/a> or reduce their working hours due to lack of child care, resulting in costly productivity losses for employers. Conversely, employee child care benefits that help employees find and afford care so they can work can decrease employee absenteeism by 30% <\/a>and reduce job turnover by 60%. <\/p>Top 5 employee child care <\/strong>benefits<\/h2>
Why should your company offer employee child care benefits?<\/strong><\/h2>