National Working Parents Day is a holiday to celebrate parents who manage a delicate work-life balance, raising children …
On September 30th, $24 billion in pandemic-era federal support for childcare providers expired—forcing as many as 1 in 3 providers to raise tuition or close down and leaving 3.2 million children without care.
Even if working parents are lucky enough to keep their current childcare spots, we anticipate cascading effects, including higher costs, reduced hours, & longer waitlists, exacerbating an already critical situation for millions of families across the country.
But the current childcare crisis in the United States is not just a family issue; it’s a societal problem with significant economic implications. As we navigate through the complexities of this crisis, it becomes evident that employers have a pivotal role to play in supporting their employees’ childcare needs.
Let’s take a look at the scope of this problem and how it affects families, employers, and the economy as a whole.
As you can see, there are some harsh realities and alarming statistics to consider in the wake of the federal withdraw of childcare funding. But hope is not all lost. Amidst this crisis, employers have a unique opportunity to make a substantial impact.
By offering flexibility, childcare support programs, and fostering supportive workplace cultures, businesses can contribute to alleviating the crisis. It’s not just about being a family-friendly workplace; it’s about recognizing that family support is a strategic imperative that benefits both employees and employers.
To further the employer-sponsored childcare benefits conversation at your organization and discuss ways to satisfy your employees’ care benefits requests, reach out to our team here.