Child Care and the State of the Union
Facts about Working FamiliesThat national economic priority can be measured by some illustrative numbers from the Department of Labor Statistics:
- There are 80 million families in this country
- Almost half have children under 18
Economic Risks of the Unsupported EmployeeWithout child care, you have a large segment of employees who are unable to work effectively. That impacts company productivity, and that impacts bottom lines. Diminished profits are a business problem. And that makes child care not just something employees need to be worried about but something that should be on employers' minds, too. The positive side of this equation is that when you help employees with child care, you also support your company. We know this from study after study in which parents tell us they're more productive when they have child care, they're more engaged, and they want to stay with the employers who offer it.
Not a "Nice to Have"; a "Must Have"Facts are facts: for companies to be productive, they need parents who can fully contribute. Yet we continue to see today's parents having a hard time balancing family life with their jobs. The good news is that many of today's top employers are changing their approaches. They're embracing child care not as a personal issue, but as the economic imperative that it is. And they're seeing the upside on multiple fronts.
"In today's economy, when having both parents in the workforce is an economic necessity for many families, we need affordable, high-quality child care more than ever," President Obama told the State of the Union audience. "It's not a nice to have, it's a must have." Many of today's most successful companies would most assuredly agree.
February 1, 2015