The Children’s Workshop Helps Put Family First
This segment was featured on The Rhode Show!
Why Does Childcare Matter?
- In today’s society the majority of parents now work, regardless the age of their children. Most families work out of necessity because our econcomy is such that households must have two sources of income in order to meet their household needs. Additionally, some parents could face the risk of losing a job or missing a job promotion because of illness, pregnancy, or taking care of loved ones. Today’s workplaces place high demands on their employees, which also contributes to many families needing childcare services.
- Not only is childcare a necessity for families to be able to work, but children can experience great benefits from being in a high quality, early childhood setting:
o High-quality child care gives children the opportunity to learn and develop skills they need to succeed in school and in life. Studies demonstrate that high-quality child care has positive impacts on children’s cognitive and social development.
What are Childcare Benefits that Employers Offer?
- Some organizations will provide their employees with a variety of childcare benefits such as discounted tuition rates, or partial reimbursement for the costs of childcare. Other benefits could include:
- Back Up childcare assistance
- Onsite Childcare Services
- Flexible Spending Accounts
- Flexible Schedules
- Special Corporate Discounts
What does The Children’s Workshop Offer?
The Children’s Workshop is excited to announce it’s Family First program. At The Children’s Workshop, our first priority is your child and the children of your employees. And because we’re run by parents, with young children, we exceed every day to create warm, nurturing, environments where children can explore and learn. Our goal is to create mutually beneficial arrangements with companies that understand the value of offering childcare assistance to their employees.
Why Should Companies Consider the Family First Program?
- According to Pew Research and social trends, 60% of two-parent households with children under age 18 have two working parents.
- The biggest source of stress for a working parent is finding safe, reliable and affordable child care.
- Companies that work with their employees to cover the costs of quality child care and contribute to a happy work-life balance attract dedicated employees and retain them for extended lengths of time.
- Childcare costs can easily add up to over $15,000 per year. Many working families cannot afford to enroll their child in an early education program.
- In Massachusetts, there are 200,211 children under the age of 6 with two working parents that need childcare services. In Rhode Island, there are 28,788 children.
- In 2012, 64% of mothers with children under the age of 6 in the U.S. declared that they were working full time.
What are the Benefits?
- Retain Your Workforce
- 83% OF MILLENNIALS would leave their jobs for one with better family care benefits.
- Curb Missed Days
- Parents who do not have child care support offered from the workplace have higher rates of employee tardiness and absenteeism, an estimated 5-9 days per year of work missed due to child care problems, and decreased concentration and productivity
- Tax Incentives
- The federal government recognizes the value of on-site child care to both working parents and the economy, and grants a qualified child-care program a yearly tax credit of $150,000. In addition, the government allows a company to deduct 35% of its unrecovered costs from its corporate tax bite.
- The Right Package
- Currently, change is typically driven by corporate HR departments. We will work with your department to find the right solution for your people and bottom line.
Where Can I learn More about This Program?
Be sure to check out our website at:
This article was written by Heather Grocott, Director of Education & Training at The Children’s Workshop in Lincoln, RI.