The organization advocates for company and government policy that supports working parents.
All companies offered some form of childcare benefits — stipends, on-site care, or backup care.
And, for each company, its annual net return for childcare benefits far outweighed the cost.
But, when a company offers childcare benefits, retaining just 1% of eligible working parents could cover the price a company pays for those benefits, the study said.
Childcare benefits boost employees' career prospects and earning potentialNot only do childcare benefits support a company's bottom line, but the study shows it improves the earning potential and career growth of individual employees.
Persons:
—, it's
Organizations:
Service, Business, Companies, Bank of America, UPS