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250 word explanation please The Benefits of Providing Child Care or Day Care for Employees

250 word explanation please

The Benefits of Providing Child Care or Day Care for Employees

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Answer #1
Day care in workplace is an onsite facility that
provides child care for the children of employees.
It is usually limited by the age of the child.
The facility can be provided at a fee or subsidized
fee or it can be totally free.
The employer need to get the necessary licences
and has to have sufficient trained staff, insurance
coverages etc.
The benefits of offering Child Care or Day Care to
employees are:
*The firms get access to a larger pool of talent
from which it can select.
When a firm projects that it has child care
facilities, parents who are talented but are
staying home to look after children, are also
available for selection.
*It enables to tap the talent in women who have
to tend to babies. If child care facilities are not there
the services of talented parents who tend to babies
would be lost.
*Tax credits are available to firms when they
provide childcare facilities.
*Lower absenteeism. This is empirically proved
as parents need not take leave to look after
children, when their alternative arrangements
fail.
*Better employee performance has been
established through studies. Employees do not
have to have concerns about children while at
work which, makes them more productive at
work.
*As employees are more satisfied, the employee
turnover lessens and their tenure also increases
with benefits to the employer. Employees feel
that the firm is supportive as they are able to
strike a balance between work and life.
*More women employees are likely to retain
their jobs as, the child care enables them to rejoin
work after giving birth to children.
*Providing better child care benefits attracts
better talent as empoyees have started weighing
in child care facilities before choosing an employer.
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