Subsidized Child Care Essay

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Child Care Benefits
One solution to the problem of childcare are employer-sponsored child care benefit, similar to offering health benefits. Care programs could include on-site or near-site child care, back-up care, sick childcare, non-standard hours care, resources/referrals as well as tuition discounts and reimbursements. The specific employer-sponsored childcare program that will be further explored is Subsidized Child Care. Subsidized Child Care Benefits refers to a condition in which an employer, a group of employers, or a labor union takes some initiative in meeting employees’ child care needs and accepts some or all of the cost. Providing employees with subsidized childcare does not only benefit the employee, but the employer as well. By offering affordable and high quality childcare to the employees, the employer is eliminating a significant source of worry and stress to the employee. The final result is employees who are willing and able to put their best performance for your company every day. The following information highlights the impact that the center will have on both ends.
Employer
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 Child Care will provide tax breaks. The employer is able to deduct up to 30% of the startup cost of constructing a child care facility.
 An employer can deduct up to 10% of its gross taxable income as a charitable contribution to a child care program.
 Many employees will stay and as a result, the company will be able to retain and recruit key talent.
 Providing childcare to the employees will encourage productivity and boost morale.
Employees
 Employees will need to commute less and tardiness will be reduced.
 It will lower the employee’s financial responsibility.
 Employees will have a feeling of job satisfaction and it will reduce turnover.
 It will decrease absenteeism which affects daily p

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