Employer Childcare
Incentive Partnership
Dr. Robyn C. Blackburn, Research Fellow for the Utah Women & Leadership Project, spoke to KSL at Night about the report.
According to Robyn, Utah ranks high compared to other states when it comes to demand for childcare.
“64.1% of families in Utah have all available parents working, which means 64% of families in Utah need childcare.”
At Nanobots Academy, we're all about building strong partnerships with local employers to help our community thrive sustainably.
Did you know that both men and women often face a wage penalty of around 7% when they take time away from work to care for their children? It's a big deal! For instance, if a young worker making $50,000 a year decides to take three years off to care for their child, they could miss out on over $500,000 in earnings throughout their career. How can this happen? Take a look below:
Lost Wages: Over those three years, they'd miss out on earning a total of $150,000 (assuming a steady salary of $50,000 per year).
Lost Wage Growth: On top of that, the effects of taking time off on future earnings can really add up. By the time they retire, they could be looking at an extra $200,000 in lost wage growth due to those three years away from work.
Retirement Savings and Benefits: It's not just about immediate earnings either. They'd also miss out on contributions to retirement savings and benefits, adding up to around $165,000 in losses. Plus, childcare challenges lead to significant economic losses for Utah, totaling around $1.36 billion annually, with a further $258 million lost in tax revenue.
That's why we're offering two awesome partnership options for businesses like yours. Firstly, we can help set up onsite childcare at your workplace, essentially creating a Nanobots extension campus. We'll handle everything from teachers to curriculum, giving your employees peace of mind while they focus on their work. Alternatively, you can offer our services as a perk to your employees, helping them secure priority enrollment and easing the stress of finding quality childcare.
Did you know that over half of Utah's counties pay between 15% and 20% of their income for childcare for children under two years old? It's a significant financial burden for families. By teaming up with Nanobots Academy, you could even contribute to your employees' childcare costs, making life a little easier for working families. And the best part? We've got customizable options, so you can tailor your support to fit your company's needs perfectly. Let's work together to make childcare more accessible and affordable for everyone!
Our Children. Our Family. Our Community.
FAQs
Can we arrange for on-site pick up?
Yes, we can have our transportation pick-up children at a certain time from your building. For example, if your office opens at 8:00 am, Parents will need to be at their office by 7:45am so we are able to transport the children to our Academy.
Can you offer an extension campus on our property?
Sure, it's becoming the "norm" for Employers to offer on-site childcare partnered with a local licensed childcare facility. Usually, the employer provides the space, and we will care for the children under our license.
What are the requirements for Partnership?
Simple, we just ask for a 3-year commitment of offering our services as an incentive. We also ask that your company participates in at least one community event we host per year.
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