Financial Solutions

Access to affordable quality child care options is becoming increasingly harder for working families, especially women. Employers may play a key role in supporting their employees and enabling them to stay in the workforce by offering a financial solution that directly funds or pays for child care services. These could be discounts, stipends, or dependent care flexible spending accounts among others.

Key Features

  • Particularly impactful for employees in entry or mid level positions
  • Additional financial assistance for parents to reduce the affordability barrier of accessing child care

Works Best For

  • All sizes
  • Both centralized and decentralized workforces
  • All operating hours

Considerations

  • A financial solution only helps if a parent can find a care provider. This solution is a great start; however, consider combining it with another solution that addresses child care supply.
  • Flexible solutions that can fund informal caregivers (like stipends) will help the most employees
Employee Affordability: Financial Solutions

Employee Affordability: Financial Solutions

Help employees manage child care costs through various financial solutions to lower the burden of child care expenses, making child care more affordable for employees across all income levels. Explore different financial solutions your organization can offer to employees.

Child Care Partnership Discount

Employers pay for service which allows employees to be matched with available funding and automates the application process.

Child Care Stipend

Money given directly to employees on a regular basis (such as monthly or annually).

Child Care Scholarships

Credits act as a form of payment that employees can give to child care providers.

Subsidy Navigator

Employers pay for service which allows employees to be matched with available funding and automates the application process.
Implementation Considerations

Implementation Considerations

Implementing financial solutions for child care requires organizational evaluation to ensure success and sustainability. Employers should consider the financial impact, compliance with legal and regulatory requirements, and the administrative complexity of managing the financial solution program, in addition to the benefits to the employees and the organization. Addressing these factors helps create effective child care financial assistance programs that benefit both employees and the organization. Explore different financial solutions your organization can offer employees.

Financial Impact Evaluation

  • Cost-Benefit Analysis
  • Budget Constraints

Legal & Compliance Factors

  • Regulatory Requirements
  • Tax Implications

Next steps

1

Understand your employees’ needs.

Before deciding how your organization will support its employees, you should assess what your employees’ specific child care needs are. We’ve created a tool to capture these needs.

Employee Needs Assessment Worksheet

2

Select a financial solution and partner with an industry expert.

After evaluating your employees’ needs and your budget, you can start narrowing down which financial solutions work best for your organization. You can connect with solution implementation partners via the vendor directory.

Explore the vendor directory

3

Enhance your financial solutions by pairing it with another solution.

A financial solution only helps if a parent can find a care provider. While offering financial solutions is a great start; we recommend combining it with another solution that addresses child care supply.

Explore all solutions

Case Studies

Explore real-world examples of organizations successfully implementing child care solutions and learn from their strategies and outcomes.

    Child Care Financial Support in the Hands of Those Who Need it

    Financial Solutions

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    Investing in Child Care is Investing in Your People

    Financial Solutions

    Read more