BUSINESS CHILDCARE SUPPORT
Your business can support your employees' childcare needs via Childcare Vouchers. Childcare Vouchers are a government backed way to allow employers to assist parents with child care, by waiving National Insurance contributions on vouchers given to parents as employer benefits.
Financial savings
Companies which provide childcare vouchers to their employees can save up to 12.8% on NI contributions
Attractive benefits
Knowing that childcare assistance is available could be a powerful incentive to prospective employees
Improved staff retention rates
It is estimated that the cost of replacing a skilled employee is approximately half of the employee's salary. If you can help working parents with childcare issues your staff retention rates may improve, thereby saving you time and money.
Motivation and productivity
Having a company culture that recognises and supports the family commitments of staff can help with motivation and staff retention and therefore higher productivity levels.
More information
For more information on how you or your business can benefit from employer support via Childcare Vouchers, please see the links below.
