The Society for Human Resourcereports that 59% of employees miss work at some point during the year because child- or elder-care arrangements fall through. Home improvement retailer Home Depot has decided to tackle the problem for its employees by providing a backup dependent-care benefit.
Employees may use the benefit up to 10 times per year. Employees pay a deductible of between $25 and $35; Home Depot picks up the rest of the cost.
Home Depot recently added a 278-child day-care facility at its Atlanta headquarters and touts the facility and the backup dependent-care benefits as recruiting tools.
Note: With high unemployment, few companies have felt the need to compete for employees. But Home Depot apparently feels its new benefit will pay dividends in worker productivity and lower turnover costs.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/14731/home-depot-announces-backup-dependent-care-benefit "