Maria Gracia Santillana is a NYC-based reporter on the careers team covering workplace and job market trends and the author of Forbes’ Careers newsletter. She’s written about the rights of protesting employees and the rise of AI career coaches.
Thanks to previously unpublished Labor Department data, KPMG is now reporting the number of U.S. workers each month who are cutting their hours due to a lack of child care options.. But a new monthly index aims to not only show how women and men lose out financially due to child care options, but quantify the number of working hours lost, demonstrating the high productivity cost to businesses that don’t offer reliable solutions.
“This is one more excellent data point on what the child care crisis is costing our economy and what is on the line if we fail to address it,” Reshma Saujani, an activist with the organization, a caregiving marketplace employers can offer as a benefit, says that employers often don’t have great data specifically on caregivers within their workforce. As a result, “they don’t understand the size of the challenge” unless they visibly witness people missing work, she says.
Meanwhile, the index doesn’t measure the full impact of a lack of quality, affordable child care on careers, particularly women’s, says Joseph Fuller, a professor of management at Harvard Business School and co-lead of its Managing the Future of Work initiative. For workers who must scale back their work hours because of child care, “the correlation is not just that you get stuck in a lousy job,” he says. “When you get hired again, your next job is more likely to be unattractive.
Work Hours Productivit Productivity Parents Labor Market Men And Women At Work KPMG Parental Work Disruption Index
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