Being a parent is a rewarding and exciting part of life, but it also comes with responsibility and added costs. In fact, fifty-seven percent of working families spent more than $10,000 on child care in 2020. As an employer, there is more that can be done to support your hard working employees entering a new chapter in their lives. We’re highlighting a few of the different benefits that employers are adding to their list this year.
Onsite Child Care
Although not a new benefit, companies are implementing onsite care in growing numbers over the recent years. There are plenty of benefits to providing this option, especially if your team is in office. Employees have reported a sense of security having their children close by, and time savings with less time spent on drop off/pick up, an increase in productivity due to less days off caring for their child, and an increased sense of community with other employees with children.
Paid Parental Leave
Paternity leave policies have improved, but a reported 70% of men in the US take fewer than 10 days parental leave, according to a Department of Labor survey. It’s been shown that paternity leave provides lasting benefits, not only for fathers but children and mothers too. With businesses around the world jumping on the bandwagon and providing paternity leave policies, make this the year that your company joins the movement.
Impactful Child Care Discounts
Child care is pricey. There are a lot of new expenses when you add a new member to your family including healthcare, transportation, food, clothing, housing, daycare and so much more. A simple and effective way to provide support for your employees is to implement an employee discount program that provides your team access to steep discounts including savings on apparel, baby supplies, toys, child care, and education.
As a human resources professional, you know the difficulty of securing and managing benefits that meet your diverse workforce’s needs. But that shouldn’t get in the way of offering support to the working parents at your organization. Work closely with working parents to come up with a schedule that works for them. In addition, try to place less emphasis on the regular “9-5” working day. If your organization relies on strict hours or scheduled time tables, give employees the opportunity to edit their scheduling preferences based on their child-care needs.
With PerkSpot, your employees can save up to $4,500 per year with exclusive access to thousands of discounts. Are you ready to improve your child care benefits with a no-cost, easy to implement program? Get started today!