Corporate child care
From Wikipedia, the free encyclopedia
Corporate child care is a specific form of child care sponsored or managed by an employer.[1] It may be a perk or a part of the corporate social responsibility policy of the company. It can provide the working parents with an opportunity to find work–life balance. The corporations sponsor child care as it may increase employee loyalty, lower workforce absenteeism,[2] decrease maternity leaves and improve on-job concentration.[3][4]
Companies have started corporate child care arrangements for the young Generation Y employees, many of whom aspire to establish a work–life balance while pursuing a career and gaining money. Many working parents face challenges such as lack of free places in public pre-schools, inappropriate schedule, expensive services of private child care and preschools, low quality of services or little time spending with a child. The corporate child care programs intend to address these issues. Such a program may cover the following:
- The company provides new child care places for children
- Timetable is adjusted to parents working hours
- The company can cover all the expenses or share them with parents
- Better quality (due to recruitment system, ongoing education, teachers’ development)
- More time to spend with children (during the transfer time)
