When employees’ dependent care arrangements fail, employers pay the price. How big a price? Child care breakdowns alone cost businesses an estimated $4.4 billion in absences and lost productivity each year.
Solving these workplace disruptions offers employers the potential to win back more than just productivity gains.
Bright Horizons Workforce Consulting™, in partnership with Research Now SSI, recently sought to explore this issue, surveying 1,400 employees about the nature and impact of their dependent-care breakdowns. The results highlight trouble spots for employees (and therefore organizations), revealing the short- and long-term costs of unmet dependent care needs, while indicating a way forward.