Tackling Childcare: The Business Case for Employer-Supported Childcare
Tackling Childcare: The Business Case for Employer-Supported Childcare report, released on September 27, fills that gap. It discusses how companies can analyze their workforce to identify the type of childcare support they can offer to their employees—from on-site childcare to subsidies—that best suits their needs. The report draws on 10 case studies of companies around the world offering various childcare options, highlighting how investments in employer-supported childcare can strengthen the bottom line.
A regulatory framework analysis for each country accompanies the 10 case studies. This analysis was provided by the World Bank Group’s Women, Business and the Law, which measures laws and regulations that affect women’s economic empowerment in 173 economies around the world. WBL’s policy note highlights the regulatory framework in employer-supported childcare and private, stand-alone childcare centers in the 50 economies covered by the Tackling Childcare.
When companies support childcare, they can hire and retain talented people, helping boost profits and productivity. Moreover, childcare provision can enable more women and men to participate in paid labor. In addition, children who have access to early childhood education and care are more likely to perform well in school and be healthier, as well as are more productive as adults. Hence, employer-supported childcare can result in a win-win situation for employees and their children, employers, and economies.