Reduced Turnover
- According to one report by financial services firm BT Alex Brown, a typical child care center can save a business up to $500,000 annually in reduced turnover costs (based on 10 employees retained per year at a cost of $50,000 per turnover).
- Bank of America (Nations Bank) found that offering a $25 per week child care subsidy reduced turnover among users from 46 percent to 14 percent (Work and Family Trend Report, 1999).
- ECS, an environmental insurance company in Pennsylvania, reported that after 18 months not one employee with a child in their on-site child care center had left the company (Work and Family Trend Report, 1999).