Boost Employer Outcomes
Boost KPIs
Family-friendly policies increase employee engagement – a strategy to improve Key Performance Indicators (KPIs)
Job Recruitment & Retention - Family-Friendly Policies (Forbes, 2022)
80%
More loyalty to employers
41%
Lower absenteeism
21%
Higher profitability
Child care problems impact the ability of Virginia parents to work, which impacts employer revenue and profitability.
85%
The price of child care for infants is unaffordable for 85% of young families in Virginia.
Source: Joint Legislative Audit & Review Commission (JLARC), Virginia’s Self-Sufficiency Programs and the Availability and Affordability of Child Care, October 2023
87,081
VA children under age 6 in families where a parent left a job, took a leave of absence, or cut back hours due to problems with child care in the past year.
Source: 2022 National Survey of Children’s Health, Health Resources and Services Administration, Maternal and Child Health Bureau
133,785
VA parents not working because they are caring for a child not in child care or school.
Source: U.S. Census Bureau, Household Pulse Survey, August 20 - September 16, 2024
82,346
VA parents who cut work hours in order to care for children
Source: U.S. Census Bureau, Household Pulse Survey, August 20 - September 16, 2024
Absenteeism and turnover due to child care challenges Impacts Families & Employers Annually
$78 Billion
Families in the U.S. lose $78 billion annually in forgone earnings due to challenges with child care
Source: $122 Billion: The Growing, Annual Cost of the Infant-Toddler Child Care Crisis, ReadyNation, Council for a Strong America, February 2023
$23 Billion
Employers in the U.S. lose $23 billion annually due to child care challenges.
Source: $122 Billion: The Growing, Annual Cost of the Infant-Toddler Child Care Crisis, ReadyNation, Council for a Strong America, February 2023
$21 Billion
Taxpayers lose $21 billion annually in lower federal and state/local revenue due to child care challenges
Source: $122 Billion: The Growing, Annual Cost of the Infant-Toddler Child Care Crisis, ReadyNation, Council for a Strong America, February 2023