The lack of accessible and affordable child care can wreak havoc on parents’ work lives. More than half of parents report being late for work, leaving work early or being distracted at work due to child care problems. Nearly two-thirds reported missing a full day of work, while 28% of parents have quit a job due to child care problems. What impacts your employees impacts your business. Use the calculator below to estimate the cost of child care issues to your business’ bottom line.
This calculator is based on the Louisiana Policy Institute for Children’s Economic Impact Calculator For Businesses.
How to use the calculator:
To use the calculator, input the total employees in your organization, total employees with children under the age of six, and total annual wages and salaries.
Once populated, the tool populates the total annual financial loss caused by child care issues which is further broken down by lost wages due to parent absences, indirect and direct losses to business, and the replacement cost for employees who quit due to lack of child care.
The calculator and its output are estimates based on actual data to illustrate impact. Once populated with your data, the tool calculates the total annual financial loss to your business caused by child care issues. It is further broken down by lost wages due to parent absences, indirect and direct losses to your business, and the replacement cost for employees who quit due to lack of child care.