Reten Child Care Benefit

[Reten Child Care Benefit @RetenBenefit]

When child care is a challenge for employees, there is a 'ripple effect' that inhibits colleagues from getting work done and a 'waterfall effect' that challenges both leadership and their direct reports with a consistent workflow. Child care as a benefit can help solve this.

[Reten Child Care Benefit @RetenBenefit]

The time has come for employers to offer a child care benefit to help cover the cost of daycare. It’s an HR strategy that delivers high returns for all members of an organization, from employees to CEOs to shareholders. #childcareasabenefit #childcarebenefit #hr #hrleadersship

[Reten Child Care Benefit @RetenBenefit]

As more companies adopt DEI initiatives and identify themselves as advocates for BIPOC employees, one of the most tangible ways to signal true alignment with these initiatives is to provide a child care benefit. Plus, a child care benefit helps attract female talent. #hrleaders

[Reten Child Care Benefit @RetenBenefit]

According to @EdSurge “workplace child care benefits aren’t some abstract idea being floated by businesses or the U.S. government for some far-off future. They’re already here, and employees are already taking advantage of them.” #childcareasabenefit #hr #hrleaders

[Reten Child Care Benefit @RetenBenefit]

The businesses that address the child care need will attract top talent, generate loyalty among employees, and avoid lost productivity, job churn, and ongoing recruitment to replace employees who’ve chosen to work for companies who provide a child care benefit. #childcarecrisis

[Reten Child Care Benefit @RetenBenefit]

Among the pandemic's lessons is that parents who can't find child care leave the workforce. Data from @McKinsey showed 45 % of moms with kids aged 5 and under who left the workforce during the pandemic cited child care as a major reason. #childcarebenefit #hr #hrcommunity

[Reten Child Care Benefit @RetenBenefit]

According to the White House, the cost of child care has soared more than 25% in the last decade. The last three years have proven that without child care providers that are affordable and reliable, working parents cannot fully participate in the labor market. #childcarecrisis

[Reten Child Care Benefit @RetenBenefit]

In 19 wealthy countries outside the US analyzed in a @CareDotCom article, a single parent of low earnings would pay less than 5% of their wages. In the US, such a parent would need to spend between one-third and half of their salary for the same care. #childcarecrisis #childcare

[Reten Child Care Benefit @RetenBenefit]

Recently we’ve been discussing how investing in child care helps families, businesses and the economy. One additional benefit of strong child care is support of future generations, according to @CareDotCom https://t.co/HfFcTugsa0 #futuregeneration #earlychildhood

[Reten Child Care Benefit @RetenBenefit]

According to @Ready_Nation a study published in February 2023 by the bipartisan @strongnationUSA the nation’s child care crisis cost $122 billion in 2022 in lost earnings, productivity, and revenue. #childcarebenefit #hr #hrcommunity #hrleaders #childcarecrisis

[Reten Child Care Benefit @RetenBenefit]

According to @EBNbenefitnews the ROI of providing child care as a benefit is more than 30 times the measurable impact of recruiting, retention, and productivity annually. #childcarecrisis #hr #hrcommunity #hrtrend #employeebenefits #hrleader

[Reten Child Care Benefit @RetenBenefit]

@CareDotCom reported that studies show parents of color are more likely to leave the workforce over child care issues than their white colleagues. In this year’s Future of Benefits report, 90% of HR leaders said child care benefits can help support a diverse workforce.

[Reten Child Care Benefit @RetenBenefit]

According to ReadyNation, on average, taxpayers lose $1,470 per working parent in reduced revenue from local, state, and federal income tax and sales tax. This loss equals $21 billion annually. #childcarecrisis #earlychildhoodeducation #childcareasabenefit #earlyeducation

[Reten Child Care Benefit @RetenBenefit]

Reten has a sister company, @MetrixIQ. MetrixIQ stewards public funds to make childcare + education a reality for our nation’s families. That’s why we can assist with daycare and any applicable government funding. #childcareasabenefit #childcarecrisis #childcare #hr #hrleader

[Reten Child Care Benefit @RetenBenefit]

Does your company provide childcare as a benefit? If not, here are three reasons you should: lower employee turnover, more effective, high-quality recruiting, more productive workers on the job. https://t.co/CfDRqwMdaJ #hrcommunity #hrbenefits #leadership #denverleaders #hr

[Reten Child Care Benefit @RetenBenefit]

@Ready_Nation reported that 85% of primary caregivers said child care challenges are cutting into their productivity, causing them to be late for work, miss days and be distracted on the job. https://t.co/iLTujbTZGt #childcareasabenefit #childcarebenefit #childcarecrisis

[Reten Child Care Benefit @RetenBenefit]

A report by @BrightHorizons surveyed working parents after the pandemic, and 90% say they need help meeting responsibilities at work and home. Yet only half say their employers have modified or added new policies and benefits. https://t.co/YTIq5TyfDO #childcarecrisis #hr

[Reten Child Care Benefit @RetenBenefit]

A Parent Confidence report released by KinderCare showed child care support provides confidence for working parents (82%). At the same time, 64% of parents say thinking about child care gaps causes significant stress. Read more: https://t.co/HZfNNVT5B2 #HR #childcareasabenefit

[Reten Child Care Benefit @RetenBenefit]

The child care crisis can be broken down into three interrelated challenges: affordability, accessibility and quality of care. Data from @ChildCareAware show that in 2021, the average national price of child care was around $10,600 each year. #childcareasabenefit

[Reten Child Care Benefit @RetenBenefit]

The cost of the childcare crisis has now reached 122 billion in lost earnings, productivity and revenue every year. This has more than doubled since 2018 according to @Ready_Nation. https://t.co/CytfXY8vHX #childcarecrisis #childcare #economy #lostproductivity #lostearnings