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WHAT IS A CHILDCARE ASSISTANCE PROGRAM?

Upwards

Feb 04, 2023
Working Families,
Childcare Benefits for Employees,
Childcare

Assistance: “the provision of money, resources, or information to help someone.”
We all need a little assistance from time to time, especially working families
with profound childcare needs.

Money, resources, or information can each be invaluable for employees struggling
to solve their day-to-day childcare challenges. A growing number of employers
are realizing they need to offer childcare assistance to keep working parents
happy and productive.

So, what are the basics? A childcare assistance program is a benefit offering
with the ultimate goal of connecting working parents with quality childcare.
Helping parents find reliable childcare providers for their families should be
seamless — and benefit both employers and their employees.

Childcare assistance does not mean employers pay the cost of their teams’
childcare expenses. However, these programs can be offered in tandem with a plan
that pays for care. There are full and partial-stipend programs for that
purpose.

A childcare assistance program is an economical way to get started with
childcare benefits, help working families with their basic needs, and boost the
bottom line.

Reserve a few minutes on Upwards’ calendar to chat about childcare assistance or
any other type of employee childcare benefit programs you may be interested in.

Let’s talk childcare benefits!








HOW DOES CHILDCARE ASSISTANCE WORK?

In practice, childcare assistance can take different forms. In our case,
Upwards’ Childcare Assistance program consists of dedicated childcare experts
(available around-the-clock) to source the best local options for care from our
vast network of qualified caregivers. In our experience, families need help
with:

 * Setting up tours and interviews: Parents searching for childcare on their own
   spend a frustrating amount of time on the vetting stage of the process. Being
   able to rely on a trusted source goes a long way to help working parents
   secure childcare.
 * Enrollment/Getting started at care: Once families find the right childcare
   provider, there is still much to do before and after a child’s first day of
   care. Coordinating various paperwork can be a headache parents don’t have
   time for. A childcare assistance program sets them up for a successful
   transition with their new caregiver.
 * Support during their care: After a family starts with their childcare
   provider, they often still need ongoing support from our expert team. Whether
   it’s resolving a billing issue, answering questions that crop up on any given
   day, or reaching out to a caregiver, childcare assistance can help ensure
   families have the best possible experience throughout.

These are all time-consuming, tedious tasks that busy working parents struggle
with during their childcare search experience. Families appreciate knowing that
an expert is there to support them throughout their childcare journey.

Learn more about childcare benefits!


WHY IS CHILDCARE SUPPORT FOR EMPLOYEES NEEDED?

As American society has witnessed in recent years, having reliable childcare is
crucial for workers, their employers, and the economy as a whole.

Working parents miss out on an estimated $37 billion a year in lost income due
to insufficient childcare. Meanwhile, organizations lose over $13 billion a year
in lost productivity because of decreased employee output, hiring expenses, and
work interruptions.

Closing schools and childcare providers during the height of the pandemic caused
an estimated $700 billion hit to the economy in lost productivity and revenue.
That amounted to 3.5 percent of the national gross domestic product (GDP).

Severe lack of childcare has been a contributing factor in The Great
Resignation. Without childcare, employees are more distracted, less productive,
and more likely to leave their jobs. A childcare assistance program addresses
these issues for working parents while solving the resulting challenges for
organizations: employee absenteeism, retention, and competitive recruitment.

With suitable childcare in place, parents can stay in the workforce, remain
longer at their organization, or return to work if they left to care for their
children. Employers offering childcare assistance enjoy positive productivity
gains among their teams who no longer have to manage routine childcare concerns
throughout the workweek.








ALL PATHS LEAD TO CHILDCARE ASSISTANCE

Employers considering childcare benefits may be focused on the stark bottom line
for their business or genuinely interested in supporting their working families,
or both.

Either way, a childcare assistance program is a logical solution to issues such
as burnout and resignations that so many employers are tackling.

Childcare benefit programs vary and should be tailored to each employer to
maximize their impact and efficacy. Childcare assistance programs are the
foundation of many employer-sponsored childcare benefits, serving as the true
starting point when it comes to supporting working parents.

Want to learn about Upwards' Childcare Benefits?Childcare AssistanceBackup
CareChildcare StipendsDedicated care manager to provide 24/7 concierge
supportEmergency childcare when regular care falls throughOffset the cost of
childcare-related expenses for employeesLearn MoreLearn MoreLearn More


UPWARDS’ NETWORK AND CHILDCARE BENEFIT PROGRAMS

Upwards is the largest childcare network in the U.S. and a leading provider of
childcare benefits for employees.

Our childcare network consists of over 60,000 small childcare providers. These
qualified, vetted caregivers offer affordable, high-quality childcare with small
class sizes, flexible schedules, and the ability to care for school-aged
children.

Our employee childcare benefits programs are extensive yet affordable, for both
employees and their employers. Upwards works with organizations of all sizes to
offer childcare assistance and customized childcare benefits plans to their
employees.

Book a demo!

No matter how you define it, childcare assistance can help a lot of employees as
well as the companies they work for.

Employers ready to begin the childcare benefits conversation can reach us any
time at benefits@upwards.com.

Read more about the top childcare benefits myths.


UPWARDS

The largest childcare network in the United States, providing access to quality,
affordable childcare to families nationwide. We support childcare providers in
operating sustainable businesses through a technology-based marketplace and
partner with government entities to improve access to care. Upwards also helps
employers of all sizes offer their employees childcare benefits. Our mission is
to help all families care for their children — not just those who can afford it.


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