3 ms·
In-building daycare is a pretty amazing perk. There are a handful of companies in downtown where I live that offer this. You pay slightly above market rate for
by hadlock 8y ago
In-building daycare is a pretty amazing perk.
There are a handful of companies in downtown where I live that offer this. You pay slightly above market rate for daycare, but it is incredibly convenient to travel with your child to your place of work, pop in to the 8th floor to drop them off, and be on site in case anything comes up.
The office subsidizes the square footage in the building for the day care, but the actual cost of daycare is offset by the rates they charge (and believe me, parents are willing to pay for the convenience)... actually the company makes a very small profit on the daycare, which incentivizes the company to keep it.
The other advantage of having in-office daycare is that employees cannot get this perk anywhere else, and are extremely unlikely to job-hop and lose this perk. Once you have in-office day care, it's like health insurance - you are unlikely to want to lose it.
- godot 8y agoIf a company makes a very small profit on it, and it's being used as a retaining feature ("employees cannot get this perk anywhere else"), why would more companies not offer this perk? Seems like something pretty much all companies at a size that can afford to offer it, would and should offer it, right?
- rajacombinator 8y agoWhy even try to make a profit? The company should be willing to offer this below market because the retention, productivity, satisfaction and other benefits to them would be incredible. I suppose having the critical mass of employees with daycare age children and sufficient facilities would be a limiting factor. Plus any negative aspects of liability etc.