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The Benefit that Gives Back

Expect a return on your investment when you implement Backup Care.

For many organizations, open enrollment is an opportunity to highlight employee benefits that matter most. This conversation is especially important because of the current U.S. worker shortage. Family-friendly benefits, including Backup Child and Adult Care, are among the most important benefits keeping employees in their current job or helping them choose to move to a new company.

The Problem

Backup Care has been an issue since the dawn of time, but our current global pandemic has placed a serious spotlight on its importance. According to the most recent U.S. Census data, 6.8 million unemployed Americans are not working because they lack reliable and affordable Child Care. Even as most schools have transitioned to in-person classes, parents are hesitant to go back to work. They fear schools will experience a COVID-19 outbreak, leading to closures for days or even weeks at a time.

 

StrongNation.org

Breakdowns in family care are not a new problem for HR professionals. They have first-hand experience watching employees leave the workforce due to a lack of adequate Child Care. Repercussions reach further than just a shortage of employees in nearly every industry. 6.7% of payroll costs are due to unplanned employee absences, adding significant financial burden to a company’s bottom line. When indirect costs are attributed, such as overtime expenses and lost productivity, that loss climbs to nearly 15%. Although breakdowns of all kinds of care impact businesses, breakdowns in Child Care cause the largest disruption in the corporate world. U.S. businesses directly lose $4.4 billion annually due to employee absenteeism because of breakdowns in Child Care. They also lose an additional $4 billion indirectly, due to decreased productivity and other losses.

The Solution

One answer to this problem is Backup Child and Adult Care. Backup Care is an employer-sponsored benefit designed to help employees find temporary care when their routine is interrupted. When a school is closed or the regular caregiver calls in sick, this benefit provides employers and employees the comfort of knowing there is a viable solution. Backup Care is quickly gaining popularity as a recruitment and retention tool, but it also saves money.

The average cost of Backup Care is less than 1/10 of 1% of annual payroll. This is exponentially less than the 6.7% of annual payroll lost each year due to absenteeism.

 

So, what do you get when you decide to add Backup Care to your benefits portfolio? Much more than you might think. Companies that have implemented Child and Adult Backup Care benefits experience a 30% decrease in absenteeism and turnover decreases by as much as 60%. Present and productive employees save money by reducing turnover and increasing productivity. In tandem, employers are also gaining the ability to recruit and retain top talent.

If this was a breakeven benefit, it would be a good business decision. However, the return on investment is high. Industry ROI estimates range from $1:3 to $1:13, but always reveal a positive rate of return. As organizational leaders, our primary responsibility is to increase our company’s value for our shareholders. Backup Care does this in multiple ways. First by creating a happier, more productive workforce, and second, just by a good old-fashioned reduction in overhead. The cost of implementing Backup Care is far less expensive than the costs associated with absenteeism and turnover, making Backup Care a business decision leadership can enthusiastically champion.

It’s not too late for 2022! Consider adding Backup Care Benefits. Get started in as little as 72 hours. You will be rewarded with SHRM award-winning technology, Pay-As-You-Go billing, exemplary customer service and a thoroughly appreciative workforce. Click here for more information.

By: Alanna Gonzales, MBA Chief Marketing Officer at CorporateCARE Solutions, and proud working mother of the best human.

A few of our proud employers
experiencing decreased absenteeism...

What our clients are saying

“Oh my goodness I haven’t heard my son rave about a caregiver like he did about Sarah! He had so much fun with her, he asked if we could invite her over to play everyday. He loved Sarah so much and can’t wait to see her again. He just keeps going on about how much fun she was and how she might be a real super hero! Thank you!“

– Courtney B., Employee

“We truly believe that we share the same vision with regard to why we are even in business. We try to provide the best service possible because at the end of the day it’s all about serving families and children and providing a positive care experience.“

– Guy S., Care Provider

“We have enjoyed working with CorporateCARE Solutions. They provide us everything we need to quickly and easily staff our caregivers in their CARE Requests.“

– Cathy S., Care Provider

“I cannot be more pleased with this service and the caregivers provided! Being a working mom is hard… but being able to trust and rely on this service is a true life saver when needed! “

– Gretchen S., Employee

“I am so pleased with the care that was given to Albert, my home and how Ms. Linda took the time to speak to Albert. She told him so many positive things and that he can make a difference. This is how I watched Ms. Linda leave – professional, kind and caring. Thank you for your service and for allowing me to confidently leave my loved one and home. I am beyond grateful.“

– Stephanie K., Employee

“My mother was happy with her caregiver. She was kind, professional and empathized with my mother’s condition. Thank you. We will definitely use this service again.“

– Joanne E., Employee

“CorporateCARE Solutions is a valuable company benefit which enables staff to leave their loved ones in the care of a professional caregiver and go to work with peace of mind.“

– Rosemary M., Employer

“I would highly recommend CorporateCARE Solutions as a great benefit for your employees. Our employees love the flexibility and we have even been told that employees have taken a job with us because we offer this benefit. Our nursing staff find this benefit invaluable.“

– Julie Y., Employer











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    Backup Child & Adult Care
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