Our client has 12,000 employees and wants to cover 10% of their child care costs. We determined about 105 employees will likely take advantage of the benefit; however, it only takes six enrollments for our client to recoup their annual program fee of $10,000. All additional children receive the 10% discount at no further cost to the company.
After the first year, our client could boost the program to cover up to 50% of tuition. LCG covers the initial 10%, with the client paying the additional 40% on a monthly basis, only for those using the benefit.
Reducing stress and lowering costs around child care pays dividends across the board. Working parents remain productive and focused, benefiting their fellow employees and your entire organization.