How does UC3 help businesses support working parents?
UC3 creates near-site child care for one or more businesses. Businesses then provide child care spots to employees as a benefit. This model allows companies to support their working parents without the liability of running their own on-site child care center.
Let us help you. Our most popular model is the near-site child care consortium, but if that is not the right solution for your business, we can help you find the best fit.
What can my organization do to meet the needs of working parents?
Let us help you. Our most popular model is the near-site child care consortium, but if that is not the right solution for your business, we can help you find the best fit.
What are the benefits of offering child care benefits to employees?
Offering child care benefits to employees helps a business retain talent, save money, and increase productivity. Companies that offer child care benefits have seen employee absences decrease by up to 30%, and employee turnover declines by as much as 60%.
What benefits do employees value most?
83% of millennials say they would leave their jobs for one with more family-friendly benefits. Contact us and we can customize our Employee Needs Assessment to discover what benefits your employees value most.
What are the costs when the needs of working parents remain unmet?
When the needs of working parents are not met, businesses lose money. U.S. businesses lose $4.4 billion annually due to employee absenteeism as the result of childcare breakdowns. They lose an additional $4 billion annually due to loss of productivity due to childcare breakdowns. Additionally, 30% of Utah parents have had to cut back on work hours because of unmet child care needs.
How does UC3 help businesses attract and retain female employees?
Businesses can retain the 72% of millennial women in the workforce by supporting them with family-friendly benefits. 44% of Utah mothers left the workforce due to the lack of affordable, high-quality child care. For many families, it is more cost-effective for a parent to leave the workforce than to pay for child care. In Utah, the parent that most likely to choose to stay home is the mother. However, households increasingly need two incomes to afford the rising cost of living. Offering child care solutions would help women keep women in the workforce instead of dropping out due to lack of child care availability or high child care costs.
How much does it cost to offer child care benefits to employees?
There is a return on investment for providing child care to employees. We’re happy to walk you through the process and let you know what it could look like for your business.
Additionally, check out our Cost-Per-Hire tool. You can compare the result to the estimated cost of your preferred child care solution. We’d love to discuss what you learn!
How can child care solutions help solve the worker shortage in Utah?
Households increasingly need two incomes to afford the cost of living. Luckily in Utah, there is a workforce gap that needs to be filled. However, if Utahns want to raise a family, they’ll soon find out that child care costs discourage full workforce participation by both parents, even if both are willing. 63% of Utahns can’t afford child care. For Utah businesses, offering high-quality childcare is a smart investment. It supports and attracts today’s workforce while ensuring the development and success of the workforce of tomorrow.