- What Employers Can Do
- Innovative HR Practices in Larimer County
- Investing in Early Childhood: the ROI
- Early Childhood and Soft Skills
"Whenever there is a snow day, our parking lot is empty because all of the employees are home taking care of their kids"
...local employer
CHILD CARE: The Hidden Cost of Doing Business
• In Larimer County, 63.1% of children under age 6 have all parents in the workforce.
(Anne E Casey Foundation, http://datacenter.kidscount.org/data 2011)
• Over 65% of employees with children have challenges with finding or keeping child care
(JVA Consulting, Study of Demand and Impact of Early Care and Education Services in Larimer County, 2010)
• The main challenge is the cost of child care, which ranges from $8,653 to $13,897, depending on the age and type of setting chosen.
(Early Childhood Council of Larimer County, 6/2011)
HOW DOES CHILD CARE AFFECT BUSINESS?
RETENTION
68% of parents would have to leave the workforce if they lost their paid child care.
ABSENTEEISM
69% of parents miss 1 or more days of work each year because of unavailable child care; 12% miss 10+ days of work – NOT INCLUDING DAYS OFF TO CARE FOR SICK CHILDREN!
BUT…
Employers often don't recognize this hidden cost. Only 7% of Employers surveyed said they had employees who missed work because of child care issues – including when caring for sick children.
All data from JVA Consulting, Study of Demand and Impact of Early Care and Education Services in Larimer County, 2010
