Less than a third of parents say they are satisfied with their employer’s childcare benefits, according to KinderCare’s Parent Confidence Report.
PORTLAND, Oregon – With child care prices soaring in the wake of the COVID-19 pandemic, working parents are finding ways to receive support from their employers, even if it means leaving the business .
So said KinderCare 2022 Parent Confidence Report, which found that less than a third of parents are satisfied with their employer’s childcare benefits. Another 55% of parents said they would take a pay cut to work for a company that provides quality child care.
“We’ve reached a point where child care is no longer an optional benefit,” said Dan Figurski, president of KinderCare Education at Work and Champions, a Lake Oswego-based national child care provider. Oregon. “It’s just as critical as medical or dental coverage in determining an employer’s ability to retain current employees and attract new hires.”
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Figurski cited a report by America’s Conscious Child Care, which found that the average annual cost for a baby in an Oregon daycare center is $11,964. The cost of center care for two children is more than twice the annual cost of tuition at a four-year college.
According to the report, companies can provide several benefits to ease the stress of working parents. The list includes education funding, tax credits and different child care programs. According to the report, which surveyed 2,023 parents with children 12 or younger, only 22% of employers offer subsidized child care while 25% offer on-site child care.
The Portland Business Journal has more on the reportas well as other child care issues.
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