REPUBLIKA.CO.ID, JAKARTA -- Research conducted by the International Finance Corporations (IFC), a member of the World Bank Group, stated that the availability of adequate childcare facilities for employees can improve workers' productivity.
The IFC press release received in Jakarta on Thursday noted that companies worldwide that provide childcare facilities for their employees have found many significant positive impacts on their business.
A number of significant positive impacts include increased recruitment, employee retention, and worker productivity.
The IFC study, titled "Tackling Childcare: The Business Case for Employer-Supported Childcare," comes amid growing awareness of policy makers on the importance of daycare facilities.
Through its research project, the World Bank group remarked that a number of governments that have enacted laws that require childcare facilities include Brazil, Chile, Ecuador, India, Iraq, Japan, Jordan, the Netherlands, Turkey, Ukraine, and Vietnam.
"Without full participation and equality between women and men, no country, society, or economy can reach its potential or face the challenges of the 21st century," IFC Vice President Nena Stoiljkovic elaborated.
According to Nena, childcare facilities are part of the solution, as many companies want to support childcare needs but often lack of information on the processes and benefits for the company.
The IFC report refers to case studies in 10 companies around the world that offer a variety of childcare options, ranging from childcare on site to subsidizing employees.
The case studies show that companies offering childcare services can suppress a substantial decline in the number of employees; improve the quality of applicants and be able to hire new employees quickly; and increase productivity through reduced absenteeism, more focused employees at work, and increased motivation and commitment.
In addition, the move is also considered to increase gender diversity and provide women with greater opportunities to occupy leadership positions in the company.
Better and more affordable childcare is increasingly seen as a driver of economic growth.
Married couples, both of whom work, tend to increase their household income, thereby creating a bigger impact on corporate and economic growth.
In general, children who have access to early childhood education and care will grow into healthier children, perform better in school, and become more productive adults.
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