Article Link: http://exchangepress.com/article/employer-child-care-organizations-eye-changing-economics/5018278/
“Should Corporate America Be in the Baby-Sitting Business?”Working Woman magazine asked this provocative question on the cover of its February 1995 issue. And, pointing to Bureau of Labor Statistics reports indicating a slight drop in the percentage of companies offering subsidized child care benefits, answered with an equivocal “maybe not.”
In the intervening years, the question of whether corporations should be in the child care business has been answered. Employers no longer question whether providing child care support for employees is a good idea; the key question now is “Can we afford it?”
Our research for this status report finds that even during these last few years of economic ups and downs, employer involvement in child care assistance has remained steadfast. The only major change in the scenery occurred last year when Childrens’ Creative Learning Centers (CCLC) merged with Knowledge Learning Corporation (KLC). The terms of this agreement called for the founders of CCLC, Fran and Ty Durekas, to take over the management of all of KLC’s employer-sponsored centers, and CCLC was set up as a separate subsidiary to make this happen.
What the future holds
Despite the lack of any other major developments, there have been significant debates occurring on what ...