TOOTRiS’ Post

Excellent reporting from The 19th: "More than a third of small business owners say that the lack of child care in their communities is preventing them from operating or expanding their business." —>"Nearly 60 percent said there aren’t sufficient high-quality and affordable options in their communities, which is affecting their workforce." —>"About 35 percent of those owners said that a lack of day care slots, as well as their high cost, is forcing employees to cut hours or forgo work entirely." "Another poll earlier this year by the Small Business Majority, an advocacy organization with 85,000 members, had similar findings." —>"A third have lost revenue and earnings because of employees’ child care challenges." —>"About half have seen lower productivity. A quarter of owners said they had to shut down their business because of their own child care challenges."

An article by The 19th explains how the child care crisis has affected small business across the country – owners are struggling to retain employees who can’t find affordable or quality care. A recent survey by Goldman Sachs found that more than 1/3 of small businesses owners say that the lack of child care in their communities is preventing them from operating or expanding their business. The cost of child care has been steadily rising for years and in 2023 child care cost families on average $11,582. Small business owners also Goldman Sachs they’d like to see government support for improving their options, with as many as 77% saying they would support an increase in federal funding for child care. Read more: https://lnkd.in/er92pc2Z

When you are a smaller business with fewer employees, you really feel the impact if even just a few of them are struggling with child care. The good news is that employer based child care supports don't have to be limited to on-site employer sponsored care and they aren't just for large companies. Creative Child Care Solutions can help you explore the different strategies that you could implement to support those valued workers and keep your team intact.

“Lack of childcare is preventing small businesses from growing”. And also lack of community and thinking thru alternative ways of what childcare looks like is hurting small business. We should defintely hold our politicians accountable AND also do the work to address the issue ourselves. I’ve yet to meet a woman that isn’t driven enough to make change when she’s sick and tired of being sick and tired. We can discuss civily about the nuances surrounding resources, education, access/network etc. That said, there is power in community. There is power in parenthood that will pursue better for our children than the power of any politician ever would. #smallbusinesssolution #balance #Momprenuer #startup #alexandriava #northernvirginia #bettertogther

Goldman Sachs polled business owners thoughts on child care and its effect on their companies: Nearly 60% said there aren't sufficient high-quality and affordable options in their communities, which is affecting their workforce. ~35% of those owners said that a lack of daycare slots, as well as their high cost, is forcing employees to cut hours or forgo work entirely. Small Business Majority, an advocacy organization with 85,000 members poll: 1/3rd have lost revenue and earnings because of employees' child care challenges. ~1/2 have seen lower productivity. ~1/4 of owners said they had to shut down their business because of their own child care challenges. "Particularly since the start of the pandemic, there has been a "groundswell" of employees talking more openly about their struggles with child care, and of employers being more actively engaged on the issue, said Sarah Rittling, the executive director of the First Five Years Fund, an early childhood education advocacy group. "The cost of child care has been rising for years — typically outpacing inflation annually. In 2023, child care cost families $11,582 on average, according to Child Care Aware, a national advocacy organization. That is roughly 10% of a married couple's median income and 32% of the median income of a single parent. "Small business owners told Goldman Sachs they'd like to see government support for improving their options. As many as 77% would support an increase in federal funding for child care." NOTE: 77% of U.S. wants federally funded child care, and we fund wars instead.

There are so many issues that need to be addressed today for organizations and businesses to be successful. Here is one. 'It's pretty simple: parents can't work without child care, which makes child care an ECONOMIC issue. And right now, it is an economic issue that is absolutely crushing everyone from families and early childhood educators and providers to small businesses and the economy at large. No one is untouched by this crisis.' It is time for culture change. It is time for decision makers, designers and CEO's to understand that these issues are very real and are FUNDAMENTALLY holding back the success of their business. It is called strategic design to strategically plan and design for the alleviation of these issues so that people are not limited by struggle (struggling to live, put food on the table, taking care of their families, etc) and can focus on bringing their best selves to work. Let's design these changes into a new culture to make business and organizations thrive. Intentionally designing a culture where people can bring their best selves to the table. What are their best selves? Having a peace of mind that their families are taken care of, they are well, they are growing and progressing with their purpose in life and are surrounded by love, abundance, support and meaningful connections. What if this is the future of work? Intentionally designing the future we want is in our hands. Awareness is the first step. Thank you Reshma Saujani for bringing this issue to the forefront. -------- Working with www.designveritas.com will help move the needle forward in addressing the issues that are holding organizations and businesses back so that your people can thrive. Let's bring this awareness to the forefront of design, organizational and strategic decisions. #culturechange #futureofwork #childcare

"It's pretty simple: parents can't work without child care, which makes child care an ECONOMIC issue." Reshma Saujani Care is an economic issue. Care is a work issue. We all need care at some point in our lives. Most of us will also give care. #CareMatters. Please join me in signing Moms First's petition to urge CNN to ask the candidates about child care in the upcoming Presidential Debate on June 27th!

The time is NOW to flip the script on childcare. It is NOT just a parent’s problem. It’s an ECONOMIC problem that affects us all. Every single one of us. Parent, or not. Here’s why: EVERYONE feels the strain when affordable childcare options are scarce. Not to mention, we’re losing billions in our economy each year due to the lack of affordable and quality childcare. Supporting increased federal funding and legislation for childcare isn’t just “nice to have.” It’s ESSENTIAL for economic stability and growth. Do you agree that it’s an economic issue? #childcarecrisis #smallbusiness #economy

In a new Goldman Sachs survey, more than one-third of small business owners reported that employees have been forced to cut work hours or forgo work entirely because of child care challenges. As families and businesses struggle to manage the impacts of the widespread child care crisis, protecting existing child care options that can help fill these gaps, such as the au pair cultural exchange program, is essential. Providing additional flexibility and trusted care, au pairs can help families juggle work, child care, and other responsibilities while providing unique and enriching cultural exchange opportunities. 📊 More findings from the survey here! https://rb.gy/cx2zns #ChildCare #SmallBusiness #AuPair #AuPairProgram

Goldman Sachs polled 1,259 small business owners across the U.S. about #ChildCare. ⚪ More than 1/3 said the lack of child care in their communities is preventing them from operating or expanding their business. ⚪ ~60% said there aren’t sufficient high-quality and affordable options in their communities, which is affecting their workforce. ⚪ ~35% said that a lack of daycare slots, as well as their high cost, is forcing employees to cut hours or forgo work entirely. ⚪ As many as 77% said they would support an increase in federal funding for child care. ⚪ 62% said that if they were able to provide a child care benefit at work, it would have a + effect on talent recruitment and retention. ⚪ 70% said they would support legislation to increase the business tax credit designed to help small businesses that provide care. ⚪ ~55% said child care has not been sufficiently addressed on the campaign trail. ---------- It's pretty simple: parents can't work without child care, which makes child care an ECONOMIC issue. And right now, it is an economic issue that is absolutely crushing everyone from families and early childhood educators and providers to small businesses and the economy at large. No one is untouched by this crisis. That is why we are urging CNN to ask the candidates about child care at the upcoming presidential debate on June 27th. You can sign our petition here: https://lnkd.in/eH-7X_Jj Read the full story from The 19th's Chabeli Carrazana here: https://lnkd.in/eYAgimnt #SmallBusinesses #SmallBusiness #ChildCareCrisis #Economy #Economics #SmallBiz