Boost Employer 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%
More loyalty to employers
41%
Lower absenteeism
21%
Higher profitability

Child care problems impact the ability of Monmouth County parents to work, which impacts employer revenue and profitability.

79,907
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 age 5 in the past year.
Source: 2023 National Survey of Children’s Health, Health Resources and Services Administration, Maternal and Child Health Bureau.
$19,872
Monmouth County average annual price of center-based infant care
Source: 2023 New Jersey Child Care Market Rate Survey; price that enables parents to access 75% of market-based child care
$15,480
Monmouth County average annual price of infant care in a family child care home
Source: 2023 New Jersey Child Care Market Rate Survey; price that enables parents to access 75% of market-based child care
31%
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: 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
Direct cost to U.S. employers in the private sector from absenteeism and turnover related to child care challenges.
$21 billion
Child care challenges lead to a $21 billion annual tax revenue loss at the federal and state/local level.
$122 billion
The U.S. economy loses $122 billion in economic activity annually because of child care related absenteeism and turnover.