Employers have recognized the value that providing child care benefits to employees can have, not only for their workforce, but for their business as well, as these programs become table stakes for organizations that want to provide holistic support and retain talent.
Currently, just 6% of employers offer child care benefits, despite both parents working full-time in 63% of American households with children, according to a report by data research services firm Clutch. However, the pandemic forced employers to see firsthand what happens when a parent does have access to adequate child care and how that can impact their ability to do their jobs well. That’s why 42% of employers plan to expand or add care as part of their employee benefits going forward, according to research by Kinside, a child care benefits provider.
