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Bonuses. Everyone benefits and the parents could use that extra money to offset childcare costs. I'm a parent and don't think I'd want childcare through my employer. It'd make me hesitant to pursue other opportunities since I'd most likely be losing childcare. And on the flip side, if I were ever let go, I'd have to scramble to get my child into a new daycare (not easy) in the midst of trying to land a new role.
Agree wholeheartedly with this
Mentor
Bonus. Not everyone has children, but everyone likes money.
I have been on the losing side of this debate for the past five years, but I will pitch it whenever I can. I recommend reducing bonuses and increasing benefits -- in particular a childcare program. Let's face it, not everybody in this company is pulling in big bucks and over 45 years old. A childcare program on-site would be a big recruiting draw for lower-paid labor positions, which are currently predominantly young women. Offering low-cost or no-cost daycare for 0-3-year-olds would be a financial plus for them. It would reduce turnover and aid in attracting more workers. The question is one of whether to fund the best benefit or one that is better for more employees.
Agree to this,though higher bonuses may be attractive to younger folks..Childcare program would be a hit among middle aged folks who would like to stay for a lengthier period in a firm and contribute over the long term..do the math depends on the numbers..
Bonuses would be a better choice. Mostly for the simple fact that those funds go into the employees hands to choose to use how they see fit for their individual situation. Choosing to reduce or eliminate bonuses for child care makes a lot of assumptions and instead of rewarding them with the freedom of choice, it’s forcing them to use it for something they may not even need.
I’m sure the idea here is to be thoughtful and show you have insight into your employee base but unless there is an overwhelming amount of requests from your employees for this specifically, it’s better to reward them for their performed and let them choose how they want to use it.
Consider family benefits that offer flexibility (I.e vacation days) you can offer in trade for reduced bonuses if you still want to go that route.
Bonuses. Not everyone has children. If you need free-to-you child care for your choice, maybe you should kindly take a long walk off a short pier.
Bonuses. Most folks that have children have a childcare situation in place that works for them anyway. Having that tied to work is icky. Cash is king for all.
Bonuses