Boost Business Outcomes
Boost KPIs
Family-friendly policies increase employee engagement – a strategy to improve Key Performance Indicators (KPIs)
Job Recruitment & Retention - Family-Friendly Policies (Forbes, 2022)
80%
41%
21%
More loyalty to employers
Lower absenteeism
Higher profitability
Child care problems impact the ability of New Jersey parents to work,
which impacts employer revenue and profitability.
79,907
$21,000
$15,000
31%
New Jersey children in families where a parent quit a job, did not take a job, or greatly changed a job because of child care problems for a child under 5 in the past year.
New Jersey average annual price of center-based infant care
New Jersey average annual price of infant care in a family child care home
31% of NJ children under age 6 have parents who work at least some nontraditional hours every week, the most challenging type of child care to find
Source: 2023 New Jersey Child Care Market Rate Survey, price that enables parents to access 75% of market-based child care
Source: 2023 National Survey of Children’s Health, Health Resources and Services Administration, Maternal and Child Health Bureau.
Source: 2023 New Jersey Child Care Market Rate Survey, price that enables parents to access 75% of market-based child care
Source: Child Care Challenges for Parents Working Nonstandard Hours, Rutgers Center for Women and Work and NJ Department of Children and Families, 2023
Absenteeism and turnover due to child care challenges
Impact Employers Annually
$23 billion
$21 billion
$122 billion
Direct cost to U.S. employers in the private sector from absenteeism and turnover related to child care challenges.
Child care challenges lead to a $21 billion annual tax revenue loss at the federal and state/local level.
The U.S. economy loses $122 billion in economic activity annually because of child care related absenteeism and turnover.
Source: $122 Billion: The Growing, Annual Cost of the Infant-Toddler Child Care Crisis, Ready Nation, 2023