Axios recently reported about a study that finds that employer-provided childcare benefits pay for themselves.
Specifically, the study found that for every $1 spent on childcare benefits, companies received a return of between $0.90 to $4.25 in reduced absenteeism, reduced lateness and lower rates of attrition.
The report highlighted some well-known company’s programs. These included on-site childcare centers and childcare stipends. Axios noted that the study was partially funded by an interested party.
Although we here at the Support for Caregivers Network frequently note the significant differences between childcare and eldercare, this study holds some truth for both kinds of benefits. Support for family caregivers who are also employees is a win for the caregivers and also for the employers.
It is unlikely that eldercare centers will appear at workplaces alongside childcare centers, but other ideas like stipends, indirect financial support and flexible scheduling crossover into both types of care. It is refreshing to see that these kinds of benefits are win-win.
Here’s a link to the article. https://www.axios.com/2024/03/27/child-care-benefits-shortage
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