Employers Offer Childcare Benefits to Boost Retention as Cost of Turnover Rises

• Employers like UPS and Red Rooster Coffee are offering childcare benefits like on-site daycares and backup care to reduce staffing churn and absenteeism.

• The cost of searching for and training new hires has increased, making retaining workers critical.

• Offering childcare can be expensive for employers, but lack of affordable childcare keeps some parents out of the workforce.

• The U.S. contributes far less per toddler for childcare than other developed countries.

• Access to employer-provided childcare benefits has ticked up over the past decade, but still only 12% of U.S. workers have access.