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Why Companies Offering Childcare Support Are Also Helping To Tackle The Gender Pay Gap

Plus 15 Companies With Childcare Benefits hiring now

Ever since Amazon made headlines earlier this month when parents at the company asked for back up daycare, I've been thinking about the implications of childcare options (or a lack thereof) for working parents.

My boss (a.k.a PowerToFly's kick-butt cofounder Katharine Zaleski) really put it into perspective for me when she spoke with Bloomberg about the importance of childcare support for working women.


Because men in the U.S. tend to make more money than women, moms are more likely to stay home when their kids are sick, or to give up their careers all together if the price of childcare isn't affordable. (In some states, annual childcare costs exceed $20,000! Consider how much you'd need to be making pre-tax in order to justify that kind of expense… there are different tax benefits you can take advantage of, but still, it's a lot of money!)

Similarly, employers aren't obligated to pay you if you have to take time off to care for a sick child (though you are guaranteed up to 12 weeks of unpaid leave through FMLA). In these cases, logic would dictate that the spouse making less money stay home to take care of the child…which tends to be the woman.

So, whether it's taking a day off to care for a sick child or pressing pause on their careers all together, women continue to do a larger share of work in the home… and that has serious repercussions for their careers. Although women and men are paid more or less equally at the start of their careers, in their late 20s to mid 30s (a.k.a the childbearing years), the gap starts to widen significantly. And while the gap is most significant for women who choose to have children, studies have shown that the gap widens for women in their late 20s/early 30s who don't have children as well!

This is all indicative of a vicious cycle in which women stay home more often with their children because they're paid less, and companies pay women less because they think they might prioritize their kids over their job… So what can employers do to help break this cycle?

Studies have shown that offering childcare benefits can reduce absenteeism by as much as 30%, and turnover by up to 60%.

As it turns out, however, onsite daycare is a relatively uncommon perk - less than 8% of American companies offer it. And while it would be unfair to expect midsize companies to live up to the daycare perks offered by tech juggernauts like Google and Apple, there are other childcare-related benefits that make a big difference for all working parents, but especially moms, who tend to bear the brunt of childcare responsibilities.

From generous paid parental leave (stay tuned for another post on that soon!), gradual returns to work, paid time off to take care of sick children, and childcare benefits like backup daycare and flexible spending accounts, there's a lot that employers can do to help ease the burden of childcare expectations placed on women.

Because as Katharine says, "women shouldn't have to choose between their children and their careers".

Check out the benefits these 15 companies offer to support working parents' childcare needs!

Dow Jones

Onsite Daycare

Bonus Points: Dow Jones also offers a return-to-work program for anyone who has been out of the workforce for two years because of childcare, family care, or other life events.

View Dow Jones' open roles & additional benefits.

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Intuit

Caring for Kids Programs (Including Subsidized Care Programs)

Bonus Points: Intuit offers a return-to-work program and flexible work arrangements.

View Intuit's open roles & additional benefits.

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Microsoft

Special Discounts on Childcare & Subsidized Backup Care

View Microsoft's open roles & additional benefits.

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Expedia Group

Dependent Care & Childcare

Bonus Points: Work from home + reduced/flexible hours.

View Expedia Group's open roles & additional benefits.

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Fidelity

Backup Dependent Care & Dependent Care Flexible Spending Account

View Fidelity's open roles & additional benefits.

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FTI Consulting

Dependent Care Flexible Spending Account

View FTI Consulting's open roles & additional benefits.

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Mastercard

Family Care Resources

View Mastercard's open roles & additional benefits.

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New York Life

Backup Childcare & Dependent Care Flexible Spending Account

View New York Life's open roles & additional benefits.

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Bloomberg

Dependent Care Flexible Spending Account

View Bloomberg's open roles & additional benefits.

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Yelp

Bright Horizons Daycare

View Yelp's open roles & additional benefits.

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PwC

Dependent Care Flexible Spending Account, Backup Childcare Centers, & Helping Parents Find the Right Nanny

Bonus Points: Family and individual sick days.

View PwC's open roles & additional benefits.

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Raytheon

Dependent Care Reimbursement Account

Bonus Points: Flexible schedules.

View Raytheon's open roles & additional benefits.

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T Rowe Price

Dependent Care Spending Accounts & Childcare Backup Support

View T Rowe Price's open roles & additional benefits.

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Thales

Dependent Care Flexible Spending Reimbursement Account

View Thales' open roles & additional benefits.

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What childcare benefits mean the most to you? Let us know @powertofly.

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How These Companies Are Celebrating Asian American and Pacific Islander Heritage Month

According to a recent study, anti-Asian hate crimes have risen 150% since the pandemic started. But these acts of violence are not new — they are part of a much larger history of anti-Asian racism and violence in the U.S.

That makes celebrating Asian American and Pacific Islander Heritage Month (which was named a month-long celebration in May by Congress in 1992 "to coincide with two important milestones in Asian/Pacific American history: the arrival in the United States of the first Japanese immigrants on May 7, 1843 and contributions of Chinese workers to the building of the transcontinental railroad, completed May 10, 1869") this year all the more important.

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Webinars

Supporting Neurodiversity in the Workplace

Only 4% of companies that say they value diversity consider disabilities. Even fewer include learning and thinking differences.

While neurodiversity is a concept that is gaining more awareness, many employers have still not fully grasped the importance (and benefits) of understanding neurodiversity and how to effectively incorporate and retain neurodivergent individuals in their organizations.

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[VIDEO ▶️ ] Are You the Right Candidate for the Job? Tips From a Helm Recruiter

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📼 Press PLAY to hear some insight from a recruiter at Helm into what the right candidate for the job looks like in an interview. Alayna Sye, Helm's Senior Technical Recruiter, knows an applicant is going to be the right for the job usually after the first conversation. Find out exactly what will make you stand out, as well as the steps for the application process at Helm.

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30+ Ways Companies Are Celebrating Hispanic Heritage Month 2021

Founded in 1989, Hispanic Heritage Month begins on September 15 and ends October 15. The four-week span over two calendar months may seem a bit odd, but it comes with good reason, as it covers independence anniversaries of several Latin American countries, as well as key celebrations in Hispanic and Latin communities. Apart from commemorating major holidays and historic milestones, this month honors the cultures and contributions of Hispanic and Latinx Americans.

We asked some of our partner companies what they're doing to honor and celebrate Hispanic Heritage Month at work this year, and we were inspired by the wide range of responses, from highlighting the impact that employees have in local communities to hosting fireside conversations on allyship to sharing performances and instruction of famous cultural dances.ot only are these companies honoring Hispanic Heritage Month, they're finding ways to spread positive change throughout the year. Here's what they're doing, in their own words:

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The Workplace of the Future: How Companies Can Plan for The Ever-Changing

As vaccination numbers climb and some—though not all—of our collective paranoia begins to dissipate, businesses are starting to reopen. Employers face a key decision: how will they respond? Will they go back to the ways of life before COVID? Or will they adopt more permanently the flexibility and remote-first work necessitated by the pandemic?

As part of our Corporate Circles: Inclusive Conversation Series, join PowerToFly's Global Director of DEI Sienna Brown and Global DEI Strategist & Trainer Zara Chaudary on Friday, October 1st from 12pm to 1:30pm Eastern for an interactive roundtable as we discuss and share the tools and mindset needed to create the office of the future in a post-pandemic world.

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