Most would agree that a happy workforce is a productive workforce. But what’s required to build a happy workforce, and how can companies encourage staff loyalty?
One significant factor underpinning high employee retention rates is the provision of access to good quality childcare.
Looking after infants, toddlers and pre-schoolers is a billion dollar industry in Australia. According to the Productivity Commission, nearly all of Australia's 3.8 million children aged 12 and under have been exposed to some type of early childhood education and care (this can include pre-schools and family day care, but demand for centre-based care is on the rise).
As women race towards equality with men, climbing professional ladders and continuing in these roles after having families, it’s more important than ever that companies have something in place to help their top talent return to work at the right time.
Several research groups have reported strong findings that a return to work after having a child can be hampered by difficulty in securing appropriate childcare, thanks to both access and affordability issues. Indeed, it can even be a barrier, preventing perhaps highly valued members of a workplace from being able to contribute to their companies. Ensuring the return to work (and provision of, or assistance with, childcare) is a positive experience can be of enormous benefit to employers and their staff.