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Do Your Employees Want Childcare Benefits? You Make The Call

According to Care.com, the average cost of a week of daycare for one toddler is $293 and for two toddlers is $556. The U.S. Department of Labor (DOL) estimates that the total cost of raising a single child can easily amount to 15 to 20 percent of the median family income. The U.S. Department of Health and Human Services (HHS) has stated that seven percent of family income spent on childcare is the "federal benchmark for affordability."

In addition, federal pandemic childcare stabilization funds are set to expire, which may lead to an increase in the cost of childcare and exacerbate staffing issues. The number of staff members per childcare program has already declined since the pandemic, according to HHS.

The pandemic and return to office resistance has highlighted the childcare struggles of employees for employers, and some have started addressing the issue. According to one expert, the pandemic helped employers realize that childcare is not only a social issue, but a business issue that can affect an organization's bottom line.

Even though more and more employers are beginning to offer childcare benefits for employees, they are still among the minority.

According to a 2023 survey by human resources consulting firm Mercer, 54 percent of employers with at least 500 employees do not offer any childcare benefits. Only 11 percent provide subsidized childcare services, 26 percent backup childcare, and 28 percent childcare referrals and consultations.

Among employers with 5,000 or more employees, 37 percent provide backup childcare, 16 percent subsidized childcare, and 10 percent onsite childcare. Jeanne Sahadi "Child care benefits at work: Employers are increasingly offering resources to parents with daycare needs" www.cnn.com (Feb. 23, 2024).

So, the question for our readers is: Do Your Employees Want Childcare Benefits?

Please take the poll. Here is the opinion of one of the McCalmon editorial staff:

Jack McCalmon, Esq.

The issue of childcare as a benefit increases when employers require employees to work at an office. As more employers demand in-person attendance, requests for childcare as a benefit are likely to rise even more. 

You can answer our poll. Please note any comments provided may be shared with others. 

Finally, your opinion is important to us. Please complete the opinion survey: