Back Up Care Pays Dividends

12/14/2004

"I soon realized that no journey carries one far unless, as it extends into the world around us, it goes an equal distance into the world within." - Lillian Smith in The Journey

Back Up Care Pays Dividends

According to the Work & Family Newsbrief (December 2004 -- www.workfamily.com), Commerzbank, a German bank, has evaluated its emergency back up child care program and found that it saved them more than 700 days of absenteeism in a year. The bank offers back-up care for children up to 12 years of age when their regular care falls through.

In discussing the evaluation, VP Barbara David said, "We asked parents what they would have done if we hadn't provided the service and one-third said they wouldn't have come to work." That added up to 700 days -- the equivalent of $208,000 in wages. "And that doesn't take into account benefits such as motivation, efficiency and corporate culture," added David.

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