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As the increasing cost of child care in the U.S. keeps parents out of the workforce, child care benefits have emerged as a critical component of total awards within an employee benefits suite.
A new study by nonprofit Moms First and Boston Consulting Group found that not only do robust child care benefits contribute to a thriving workforce, they can have up to a 425% return on investment for employers through increased retention, higher productivity and reduced absenteeism.
Nicholas Park is a senior account manager at Corporate Synergies.
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