SlideShare una empresa de Scribd logo
1 de 6
Descargar para leer sin conexión
By Jacqueline Guill, Senior Lead Technologist, Strategic Innovation Group
WITH THE COST OF CHILDCARE SOARING, WORKING
MOMS ARE OPTING OUT IN ORDER TO MAKE ENDS MEET
Innovating the Working Mom
THE TRUE COST
OF CHILDCARE
$18,000
the average annual cost of center-based daycare in the U.S.
67%
of working parents say that childcare costs have influenced
their career decisions
Rent < Childcare
In most parts of the country, Americans spend more
on childcare monthly than they do on rent
Sources: Care.com, Economic Policy Institute
1
I AM A MOTHER OF TWO DAUGHTERS
under the age of three. During my nine
years at Booz Allen, I’ve managed to
progress professionally while also
creating a family, my most proud
accomplishment. It is empowering to
work at a firm that not only sees the
value in encouraging a discourse on
working moms, but is committed to
innovating the working parent experi-
ence. Booz Allen is dedicated to
exploring new ways to recruit, retain and
empower working moms—and I believe
one way to do so is by addressing
childcare.
The Pew Research Center reported that
after three decades of decline, the
percentage of stay-at-home mothers is
rising. According to the World Bank, the
female labor participation rate dropped
from 59 percent in 2000 to 56.3 percent
in 2014. Bloomberg reported that
childcare costs have risen at twice the
pace of inflation since 1990—a recipe
for working moms opting out of the
traditional workforce. What’s the
remedy? Affordable childcare.
My Childcare Experience
I chose to be a working mom, and I
have found that if you want the best
childcare you have to pay for it. The
daycare center my family uses now
charges $2,000 a month for an infant.
Like any parent, I want a warm, happy,
clean environment for my kids to spend
eight hours a day in. But for many
parents, $2,000 a month is simply
unaffordable, forcing them to turn to
cheaper options in an industry that has
no national health or safety standards.
The Department of Health and Human
Services rates affordable childcare at no
more than 10 percent of a household’s
budget. In reality, it’s closer to 30
percent, especially where I live in the
D.C. area, where childcare costs are
among the highest in the country.
A friend recently confided that she
wished someone had told her to start
saving for childcare in her twenties. She
wasn’t joking. While that kind of
foresight would have been nice, it
shouldn’t be necessary. Childcare has
become too much of a financial and
“I chose to be a working mom, and I
have found that if you want the best
childcare you have to pay for it.”
		 —Jacqueline Guill	
AFFORDABLE CHILDCARE AND
THE CORPOR ATE FAMILY
2
emotional burden and we have got to
level the playing field if we’re going to
retain moms in the workforce.
Some will say—so what if women pause
their careers for children? That’s their
choice—and that is true. But companies
are losing out on their diversity of
thought and our economy is losing out,
too. If the U.S. women’s labor participa-
tion rate matched those of other
developed countries, the Department of
Labor says our GDP could increase by
$600 billion a year (with a current GDP
of $16.77 trillion, that’s a 3.5 percent
rate of growth).
So what can be done? Below are five
options for employers, including Booz
Allen, to better recruit, retain, and
empower working parents.
Build Trust
Something Booz Allen does really well is
cultivate trust. Employers like Booz Allen
who help you prioritize your family will
often benefit from a more engaged,
loyal employee. Employers who trust
that you will get the work done likely
won’t bat an eye when you leave early to
do the daycare pickup. Employers who
know that work should fit into your life,
and not the other way around, will reap
of the benefits of having a fully present
employee. And employers who recog-
nize the value of the familial bonds you
have with other parents at work, will
care for you like family, too. In my
experience, Booz Allen builds this trust
through its Parent Forums, the
Women’s Agenda, and flexible
schedules.
Bring It In-House
An increasing number of companies
(like Booz Allen, Patagonia, Clif Bar, and
IBM) are offering on-site daycare. I know
my colleagues who use our firm’s
on-site daycare love being able to go
downstairs at the end of the day, pick up
their children, and head home. The
peace of mind this gives them is huge.
But like any benefit, it may not suit
everyone’s needs or in some cases be
viable. In the age of teleworking, for
example, on-site daycare may only help
a small handful of employees.
Facilitate It
If companies are unable to provide
on-site childcare options, another way to
support employees with children would
be to connect them to quality care
providers. Many businesses are bene-
fiting from creating internal working
mom/parents support groups where
recommendations can be shared.
Companies that can connect parents to
referrals (with reviews from your
colleagues!) to local childcare providers,
nannies, or au pairs in your area is
another helpful way to get on those
competitive waitlists.
Change the Culture
Perhaps most importantly, companies
should facilitate a culture shift that
acknowledges that the male professional
experience shouldn’t be the default. I
will need male allies throughout my
career, and companies like Booz Allen
that bring them into the fold early and
often to normalize the working mom
experience will create enhanced working
parent cultures.
Subsidize It
Many leading businesses, for the
purposes of recruiting and retaining
working moms, have opted to help
make childcare more affordable through
subsidies. For example, companies like
Yahoo!, Google, and Publix are partially
funding their employees’ childcare and
according to Bloomberg, those
employers see increased employee
productivity and happiness. Not just
because it’s a financial burden, but also
because childcare is a huge source of
stress. By providing subsidies,
employers are showing that they have a
stake in employee well-being, too.
Companies like those mentioned prove
that the investment in their employees’
childcare is good business, as it leads to
higher retention rates among moms.
Continue the
conversation by
contacting our author
using her email below.
Or, follow @LifeatBooz
on Twitter.
Jacqueline Guill
Senior Lead Technologist
Guill_Jacqueline@bah.com
@jacguill
Jacqueline Guill is a data
scientist with a specialization in
operations research in Booz
Allen’s Strategic Innovation
Group. She has been with the
firm for nine years in the
Washington Metro Area and has
two young daughters.
3
EMPLOYERS WHO KNOW THAT WORK SHOULD FIT
INTO YOUR LIFE, AND NOT THE OTHER WAY AROUND,
WILL REAP OF THE BENEFITS OF HAVING A FULLY
PRESENT EMPLOYEE AT WORK. AND EMPLOYERS WHO
RECOGNIZE THE VALUE OF THE FAMILIAL BONDS YOU
HAVE WITH OTHER PARENTS AT WORK, WILL START
TO CARE FOR YOU LIKE FAMILY, TOO.
BOOZALLEN.COM© 2017 Booz Allen Hamilton, Inc.
About Booz Allen
Booz Allen Hamilton is committed to
exploring new and innovative ways to enhance
the work experience for working moms and all
of its employees. As one of Working Mother’s
100 Best Companies for 18 years running, the
firm is dedicated to providing the family
support, flexibility, and advancement that the
modern workplace demands.
Booz Allen Hamilton has been at the forefront
of strategy and technology for more than 100
years. Today, the firm provides management
and technology consulting and engineering
services to leading Fortune 500 corporations,
governments, and not-for-profits across the
globe. Booz Allen partners with public and
private sector clients to solve their most
difficult challenges through a combination of
consulting, analytics, mission operations,
technology, systems delivery, cybersecurity,
engineering, and innovation expertise.
With international headquarters in McLean,
Virginia, the firm employs more than 22,600
people globally and had revenue of $5.41
billion for the 12 months ended March 31,
2016. To learn more, visit BoozAllen.com.
(NYSE: BAH)

Más contenido relacionado

La actualidad más candente

IBI workshop presentation | Work life balance to boost productivity
IBI workshop presentation | Work life balance to boost productivityIBI workshop presentation | Work life balance to boost productivity
IBI workshop presentation | Work life balance to boost productivityIBI Global
 
Susie Almaneih: 7 Ways Mothering Cultivates your Career Skillset
Susie Almaneih: 7 Ways Mothering Cultivates your Career SkillsetSusie Almaneih: 7 Ways Mothering Cultivates your Career Skillset
Susie Almaneih: 7 Ways Mothering Cultivates your Career SkillsetSusie Almaneih
 
Reshaping the New World of Work
Reshaping the New World of WorkReshaping the New World of Work
Reshaping the New World of WorkEmployGlobal
 
Helping Employees Find a Work-Life Balance
Helping Employees Find a Work-Life BalanceHelping Employees Find a Work-Life Balance
Helping Employees Find a Work-Life BalanceG&A Partners
 
Workplace Mental Health eMag - WorkLife Oct 2019 Issue - Better Workplace Res...
Workplace Mental Health eMag - WorkLife Oct 2019 Issue - Better Workplace Res...Workplace Mental Health eMag - WorkLife Oct 2019 Issue - Better Workplace Res...
Workplace Mental Health eMag - WorkLife Oct 2019 Issue - Better Workplace Res...Workplace Mental Health Institute
 
Positivity 101: How to Lead in Times of Change
Positivity 101: How to Lead in Times of ChangePositivity 101: How to Lead in Times of Change
Positivity 101: How to Lead in Times of ChangeGloboforce
 

La actualidad más candente (12)

Work Life Balance
Work Life BalanceWork Life Balance
Work Life Balance
 
IBI workshop presentation | Work life balance to boost productivity
IBI workshop presentation | Work life balance to boost productivityIBI workshop presentation | Work life balance to boost productivity
IBI workshop presentation | Work life balance to boost productivity
 
Surviving COVID-19: What Stresses You?
Surviving COVID-19: What Stresses You?Surviving COVID-19: What Stresses You?
Surviving COVID-19: What Stresses You?
 
Work life balance
Work life balanceWork life balance
Work life balance
 
Susie Almaneih: 7 Ways Mothering Cultivates your Career Skillset
Susie Almaneih: 7 Ways Mothering Cultivates your Career SkillsetSusie Almaneih: 7 Ways Mothering Cultivates your Career Skillset
Susie Almaneih: 7 Ways Mothering Cultivates your Career Skillset
 
Mums making it work
Mums making it workMums making it work
Mums making it work
 
Reshaping the New World of Work
Reshaping the New World of WorkReshaping the New World of Work
Reshaping the New World of Work
 
Campden Your Mind Friend Foe
Campden Your Mind Friend FoeCampden Your Mind Friend Foe
Campden Your Mind Friend Foe
 
Helping Employees Find a Work-Life Balance
Helping Employees Find a Work-Life BalanceHelping Employees Find a Work-Life Balance
Helping Employees Find a Work-Life Balance
 
Workplace Mental Health eMag - WorkLife Oct 2019 Issue - Better Workplace Res...
Workplace Mental Health eMag - WorkLife Oct 2019 Issue - Better Workplace Res...Workplace Mental Health eMag - WorkLife Oct 2019 Issue - Better Workplace Res...
Workplace Mental Health eMag - WorkLife Oct 2019 Issue - Better Workplace Res...
 
Positivity 101: How to Lead in Times of Change
Positivity 101: How to Lead in Times of ChangePositivity 101: How to Lead in Times of Change
Positivity 101: How to Lead in Times of Change
 
Creating and maintaining a Great Workplace
Creating and maintaining a Great WorkplaceCreating and maintaining a Great Workplace
Creating and maintaining a Great Workplace
 

Destacado

Cyber In-Security II: Closing the Federal Gap
Cyber In-Security II: Closing the Federal GapCyber In-Security II: Closing the Federal Gap
Cyber In-Security II: Closing the Federal GapBooz Allen Hamilton
 
Analytical Program Management Infographic
Analytical Program Management InfographicAnalytical Program Management Infographic
Analytical Program Management InfographicBooz Allen Hamilton
 
Homeland Threats: Today and Tomorrow
Homeland Threats: Today and TomorrowHomeland Threats: Today and Tomorrow
Homeland Threats: Today and TomorrowBooz Allen Hamilton
 
The Shifting Economics of Global Manufacturing
The Shifting Economics of Global ManufacturingThe Shifting Economics of Global Manufacturing
The Shifting Economics of Global ManufacturingBoston Consulting Group
 
The Product Owner’s Universe: Agile Coaching
The Product Owner’s Universe: Agile CoachingThe Product Owner’s Universe: Agile Coaching
The Product Owner’s Universe: Agile CoachingBooz Allen Hamilton
 
Booz Allen Secure Agile Development
Booz Allen Secure Agile DevelopmentBooz Allen Secure Agile Development
Booz Allen Secure Agile DevelopmentBooz Allen Hamilton
 
My book: "Virtual Social Networks and Open Innovation: Questioning the RBV"
My book: "Virtual Social Networks and Open Innovation: Questioning the RBV"My book: "Virtual Social Networks and Open Innovation: Questioning the RBV"
My book: "Virtual Social Networks and Open Innovation: Questioning the RBV"Google Inc.
 
Booz Allen Hamilton's Methodology for Platform Modernization Infographic
Booz Allen Hamilton's Methodology for Platform Modernization InfographicBooz Allen Hamilton's Methodology for Platform Modernization Infographic
Booz Allen Hamilton's Methodology for Platform Modernization InfographicBooz Allen Hamilton
 
Booz Allen Field Guide to Data Science
Booz Allen Field Guide to Data Science Booz Allen Field Guide to Data Science
Booz Allen Field Guide to Data Science Booz Allen Hamilton
 
Nuclear Promise: Reducing Cost While Improving Performance
Nuclear Promise: Reducing Cost While Improving PerformanceNuclear Promise: Reducing Cost While Improving Performance
Nuclear Promise: Reducing Cost While Improving PerformanceBooz Allen Hamilton
 
Smart Cities – how to master the world's biggest growth challenge
Smart Cities – how to master the world's biggest growth challengeSmart Cities – how to master the world's biggest growth challenge
Smart Cities – how to master the world's biggest growth challengeBoston Consulting Group
 
Booz Allen Hamilton and Market Connections: C4ISR Survey Report
Booz Allen Hamilton and Market Connections: C4ISR Survey ReportBooz Allen Hamilton and Market Connections: C4ISR Survey Report
Booz Allen Hamilton and Market Connections: C4ISR Survey ReportBooz Allen Hamilton
 
You Can Hack That: How to Use Hackathons to Solve Your Toughest Challenges
You Can Hack That: How to Use Hackathons to Solve Your Toughest ChallengesYou Can Hack That: How to Use Hackathons to Solve Your Toughest Challenges
You Can Hack That: How to Use Hackathons to Solve Your Toughest ChallengesBooz Allen Hamilton
 

Destacado (20)

Cyber In-Security II: Closing the Federal Gap
Cyber In-Security II: Closing the Federal GapCyber In-Security II: Closing the Federal Gap
Cyber In-Security II: Closing the Federal Gap
 
Analytical Program Management Infographic
Analytical Program Management InfographicAnalytical Program Management Infographic
Analytical Program Management Infographic
 
Homeland Threats: Today and Tomorrow
Homeland Threats: Today and TomorrowHomeland Threats: Today and Tomorrow
Homeland Threats: Today and Tomorrow
 
Smart Data Infographic
Smart Data InfographicSmart Data Infographic
Smart Data Infographic
 
The Shifting Economics of Global Manufacturing
The Shifting Economics of Global ManufacturingThe Shifting Economics of Global Manufacturing
The Shifting Economics of Global Manufacturing
 
Data privacy by the numbers
Data privacy by the numbersData privacy by the numbers
Data privacy by the numbers
 
The Product Owner’s Universe: Agile Coaching
The Product Owner’s Universe: Agile CoachingThe Product Owner’s Universe: Agile Coaching
The Product Owner’s Universe: Agile Coaching
 
Cloud Analytics Playbook
Cloud Analytics PlaybookCloud Analytics Playbook
Cloud Analytics Playbook
 
Booz Allen Secure Agile Development
Booz Allen Secure Agile DevelopmentBooz Allen Secure Agile Development
Booz Allen Secure Agile Development
 
My book: "Virtual Social Networks and Open Innovation: Questioning the RBV"
My book: "Virtual Social Networks and Open Innovation: Questioning the RBV"My book: "Virtual Social Networks and Open Innovation: Questioning the RBV"
My book: "Virtual Social Networks and Open Innovation: Questioning the RBV"
 
Booz Allen Hamilton's Methodology for Platform Modernization Infographic
Booz Allen Hamilton's Methodology for Platform Modernization InfographicBooz Allen Hamilton's Methodology for Platform Modernization Infographic
Booz Allen Hamilton's Methodology for Platform Modernization Infographic
 
Military Spouse Career Roadmap
Military Spouse Career Roadmap Military Spouse Career Roadmap
Military Spouse Career Roadmap
 
Booz Allen Field Guide to Data Science
Booz Allen Field Guide to Data Science Booz Allen Field Guide to Data Science
Booz Allen Field Guide to Data Science
 
Nuclear Promise: Reducing Cost While Improving Performance
Nuclear Promise: Reducing Cost While Improving PerformanceNuclear Promise: Reducing Cost While Improving Performance
Nuclear Promise: Reducing Cost While Improving Performance
 
Smart Cities – how to master the world's biggest growth challenge
Smart Cities – how to master the world's biggest growth challengeSmart Cities – how to master the world's biggest growth challenge
Smart Cities – how to master the world's biggest growth challenge
 
Booz Allen Hamilton and Market Connections: C4ISR Survey Report
Booz Allen Hamilton and Market Connections: C4ISR Survey ReportBooz Allen Hamilton and Market Connections: C4ISR Survey Report
Booz Allen Hamilton and Market Connections: C4ISR Survey Report
 
Inaugural Addresses
Inaugural AddressesInaugural Addresses
Inaugural Addresses
 
You Can Hack That: How to Use Hackathons to Solve Your Toughest Challenges
You Can Hack That: How to Use Hackathons to Solve Your Toughest ChallengesYou Can Hack That: How to Use Hackathons to Solve Your Toughest Challenges
You Can Hack That: How to Use Hackathons to Solve Your Toughest Challenges
 
Inside BCG's Smart Simplicity Approach
Inside BCG's Smart Simplicity ApproachInside BCG's Smart Simplicity Approach
Inside BCG's Smart Simplicity Approach
 
WWAD 2016
WWAD 2016WWAD 2016
WWAD 2016
 

Similar a The True Cost of Childcare

The Case for Day Care at the Office - Wall Street Journal 092616
The Case for Day Care at the Office - Wall Street Journal 092616The Case for Day Care at the Office - Wall Street Journal 092616
The Case for Day Care at the Office - Wall Street Journal 092616John Huot
 
Executive SummaryThe demand for childcare services is increasi.docx
Executive SummaryThe demand for childcare services is increasi.docxExecutive SummaryThe demand for childcare services is increasi.docx
Executive SummaryThe demand for childcare services is increasi.docxSANSKAR20
 
Parents employment and children welbeing
Parents employment and children welbeingParents employment and children welbeing
Parents employment and children welbeingopondocarol
 
Tiger roundtable - Return to Work Parents
Tiger roundtable - Return to Work ParentsTiger roundtable - Return to Work Parents
Tiger roundtable - Return to Work ParentsTiger Recruitment
 
Panorama why paid family leave is good business
Panorama why paid family leave is good businessPanorama why paid family leave is good business
Panorama why paid family leave is good businessMark Lamb
 
Emily Swartzlander WEDN 2020 Family Forward NC
Emily Swartzlander WEDN 2020 Family Forward NCEmily Swartzlander WEDN 2020 Family Forward NC
Emily Swartzlander WEDN 2020 Family Forward NCCrystal Morphis, CEcD
 
A Workplace Reboot for Working Parents
A Workplace Reboot for Working ParentsA Workplace Reboot for Working Parents
A Workplace Reboot for Working ParentsStacey Delo
 
Building A New Future Together
Building A New Future TogetherBuilding A New Future Together
Building A New Future Togetherdougdeye
 
Aust dp
Aust dpAust dp
Aust dpkoutly
 
Modern Family Index 2016
Modern Family Index 2016Modern Family Index 2016
Modern Family Index 2016Martin Payne
 
Modern Family Index 2016
Modern Family Index 2016Modern Family Index 2016
Modern Family Index 2016Martin Payne
 
The Advantage Fall 2019: CBIZ Women Helping Women Succeed in Business
The Advantage Fall 2019: CBIZ Women Helping Women Succeed in BusinessThe Advantage Fall 2019: CBIZ Women Helping Women Succeed in Business
The Advantage Fall 2019: CBIZ Women Helping Women Succeed in BusinessCBIZ, Inc.
 
Child labor in the pakistan report
Child labor in the pakistan reportChild labor in the pakistan report
Child labor in the pakistan reportAmber Memon
 

Similar a The True Cost of Childcare (16)

Kells Kids 2 (spell check)
Kells Kids 2 (spell check)Kells Kids 2 (spell check)
Kells Kids 2 (spell check)
 
The Case for Day Care at the Office - Wall Street Journal 092616
The Case for Day Care at the Office - Wall Street Journal 092616The Case for Day Care at the Office - Wall Street Journal 092616
The Case for Day Care at the Office - Wall Street Journal 092616
 
Executive SummaryThe demand for childcare services is increasi.docx
Executive SummaryThe demand for childcare services is increasi.docxExecutive SummaryThe demand for childcare services is increasi.docx
Executive SummaryThe demand for childcare services is increasi.docx
 
Parents employment and children welbeing
Parents employment and children welbeingParents employment and children welbeing
Parents employment and children welbeing
 
Tiger roundtable - Return to Work Parents
Tiger roundtable - Return to Work ParentsTiger roundtable - Return to Work Parents
Tiger roundtable - Return to Work Parents
 
Panorama why paid family leave is good business
Panorama why paid family leave is good businessPanorama why paid family leave is good business
Panorama why paid family leave is good business
 
Emily Swartzlander WEDN 2020 Family Forward NC
Emily Swartzlander WEDN 2020 Family Forward NCEmily Swartzlander WEDN 2020 Family Forward NC
Emily Swartzlander WEDN 2020 Family Forward NC
 
A Workplace Reboot for Working Parents
A Workplace Reboot for Working ParentsA Workplace Reboot for Working Parents
A Workplace Reboot for Working Parents
 
Building A New Future Together
Building A New Future TogetherBuilding A New Future Together
Building A New Future Together
 
Building A New Future Together
Building A New Future TogetherBuilding A New Future Together
Building A New Future Together
 
Aust dp
Aust dpAust dp
Aust dp
 
Modern Family Index 2016
Modern Family Index 2016Modern Family Index 2016
Modern Family Index 2016
 
Modern Family Index 2016
Modern Family Index 2016Modern Family Index 2016
Modern Family Index 2016
 
The Advantage Fall 2019: CBIZ Women Helping Women Succeed in Business
The Advantage Fall 2019: CBIZ Women Helping Women Succeed in BusinessThe Advantage Fall 2019: CBIZ Women Helping Women Succeed in Business
The Advantage Fall 2019: CBIZ Women Helping Women Succeed in Business
 
A few thoughts on work life-balance
A few thoughts on work life-balanceA few thoughts on work life-balance
A few thoughts on work life-balance
 
Child labor in the pakistan report
Child labor in the pakistan reportChild labor in the pakistan report
Child labor in the pakistan report
 

Más de Booz Allen Hamilton

Booz Allen's 10 Cyber Priorities for Boards of Directors
Booz Allen's 10 Cyber Priorities for Boards of DirectorsBooz Allen's 10 Cyber Priorities for Boards of Directors
Booz Allen's 10 Cyber Priorities for Boards of DirectorsBooz Allen Hamilton
 
Preparing for New Healthcare Payment Models
Preparing for New Healthcare Payment ModelsPreparing for New Healthcare Payment Models
Preparing for New Healthcare Payment ModelsBooz Allen Hamilton
 
Immersive Learning: The Future of Training is Here
Immersive Learning: The Future of Training is HereImmersive Learning: The Future of Training is Here
Immersive Learning: The Future of Training is HereBooz Allen Hamilton
 
Frenemies – When Unlikely Partners Join Forces
Frenemies – When Unlikely Partners Join ForcesFrenemies – When Unlikely Partners Join Forces
Frenemies – When Unlikely Partners Join ForcesBooz Allen Hamilton
 
Booz Allen Industrial Cybersecurity Threat Briefing
Booz Allen Industrial Cybersecurity Threat BriefingBooz Allen Industrial Cybersecurity Threat Briefing
Booz Allen Industrial Cybersecurity Threat BriefingBooz Allen Hamilton
 
Modern C4ISR Integrates, Innovates and Secures Military Networks
Modern C4ISR Integrates, Innovates and Secures Military NetworksModern C4ISR Integrates, Innovates and Secures Military Networks
Modern C4ISR Integrates, Innovates and Secures Military NetworksBooz Allen Hamilton
 
Agile and Open C4ISR Systems - Helping the Military Integrate, Innovate and S...
Agile and Open C4ISR Systems - Helping the Military Integrate, Innovate and S...Agile and Open C4ISR Systems - Helping the Military Integrate, Innovate and S...
Agile and Open C4ISR Systems - Helping the Military Integrate, Innovate and S...Booz Allen Hamilton
 
The Enterprise Integrator - C4ISR
The Enterprise Integrator - C4ISRThe Enterprise Integrator - C4ISR
The Enterprise Integrator - C4ISRBooz Allen Hamilton
 
Convergence and Disruption in Manufacturing
Convergence and Disruption in ManufacturingConvergence and Disruption in Manufacturing
Convergence and Disruption in ManufacturingBooz Allen Hamilton
 
Data is Growing at a Veracious Rate
Data is Growing at a Veracious RateData is Growing at a Veracious Rate
Data is Growing at a Veracious RateBooz Allen Hamilton
 
The Power and Importance of Failure in Business
The Power and Importance of Failure in BusinessThe Power and Importance of Failure in Business
The Power and Importance of Failure in BusinessBooz Allen Hamilton
 
Bridging Mission and Management: A Survey of Government Chief Operating Officers
Bridging Mission and Management: A Survey of Government Chief Operating OfficersBridging Mission and Management: A Survey of Government Chief Operating Officers
Bridging Mission and Management: A Survey of Government Chief Operating OfficersBooz Allen Hamilton
 
Enterprise Integration Architect
Enterprise Integration ArchitectEnterprise Integration Architect
Enterprise Integration ArchitectBooz Allen Hamilton
 
Creating Value in Health through Big Data
Creating Value in Health through Big DataCreating Value in Health through Big Data
Creating Value in Health through Big DataBooz Allen Hamilton
 
Vampire Tactical Forensic Device - Product Sheet
Vampire Tactical Forensic Device - Product SheetVampire Tactical Forensic Device - Product Sheet
Vampire Tactical Forensic Device - Product SheetBooz Allen Hamilton
 

Más de Booz Allen Hamilton (19)

Booz Allen's 10 Cyber Priorities for Boards of Directors
Booz Allen's 10 Cyber Priorities for Boards of DirectorsBooz Allen's 10 Cyber Priorities for Boards of Directors
Booz Allen's 10 Cyber Priorities for Boards of Directors
 
Preparing for New Healthcare Payment Models
Preparing for New Healthcare Payment ModelsPreparing for New Healthcare Payment Models
Preparing for New Healthcare Payment Models
 
Immersive Learning: The Future of Training is Here
Immersive Learning: The Future of Training is HereImmersive Learning: The Future of Training is Here
Immersive Learning: The Future of Training is Here
 
Frenemies – When Unlikely Partners Join Forces
Frenemies – When Unlikely Partners Join ForcesFrenemies – When Unlikely Partners Join Forces
Frenemies – When Unlikely Partners Join Forces
 
Booz Allen Industrial Cybersecurity Threat Briefing
Booz Allen Industrial Cybersecurity Threat BriefingBooz Allen Industrial Cybersecurity Threat Briefing
Booz Allen Industrial Cybersecurity Threat Briefing
 
CITRIX IN AMAZON WEB SERVICES
CITRIX IN AMAZON WEB SERVICESCITRIX IN AMAZON WEB SERVICES
CITRIX IN AMAZON WEB SERVICES
 
Modern C4ISR Integrates, Innovates and Secures Military Networks
Modern C4ISR Integrates, Innovates and Secures Military NetworksModern C4ISR Integrates, Innovates and Secures Military Networks
Modern C4ISR Integrates, Innovates and Secures Military Networks
 
Agile and Open C4ISR Systems - Helping the Military Integrate, Innovate and S...
Agile and Open C4ISR Systems - Helping the Military Integrate, Innovate and S...Agile and Open C4ISR Systems - Helping the Military Integrate, Innovate and S...
Agile and Open C4ISR Systems - Helping the Military Integrate, Innovate and S...
 
Women On The Leading Edge
Women On The Leading Edge Women On The Leading Edge
Women On The Leading Edge
 
The Enterprise Integrator - C4ISR
The Enterprise Integrator - C4ISRThe Enterprise Integrator - C4ISR
The Enterprise Integrator - C4ISR
 
Convergence and Disruption in Manufacturing
Convergence and Disruption in ManufacturingConvergence and Disruption in Manufacturing
Convergence and Disruption in Manufacturing
 
ISR Systems Development
ISR Systems DevelopmentISR Systems Development
ISR Systems Development
 
Data is Growing at a Veracious Rate
Data is Growing at a Veracious RateData is Growing at a Veracious Rate
Data is Growing at a Veracious Rate
 
The Power and Importance of Failure in Business
The Power and Importance of Failure in BusinessThe Power and Importance of Failure in Business
The Power and Importance of Failure in Business
 
Bridging Mission and Management: A Survey of Government Chief Operating Officers
Bridging Mission and Management: A Survey of Government Chief Operating OfficersBridging Mission and Management: A Survey of Government Chief Operating Officers
Bridging Mission and Management: A Survey of Government Chief Operating Officers
 
Talent InSight Infographic
Talent InSight InfographicTalent InSight Infographic
Talent InSight Infographic
 
Enterprise Integration Architect
Enterprise Integration ArchitectEnterprise Integration Architect
Enterprise Integration Architect
 
Creating Value in Health through Big Data
Creating Value in Health through Big DataCreating Value in Health through Big Data
Creating Value in Health through Big Data
 
Vampire Tactical Forensic Device - Product Sheet
Vampire Tactical Forensic Device - Product SheetVampire Tactical Forensic Device - Product Sheet
Vampire Tactical Forensic Device - Product Sheet
 

Último

格里菲斯大学毕业证(Griffith毕业证)#文凭成绩单#真实留信学历认证永久存档
格里菲斯大学毕业证(Griffith毕业证)#文凭成绩单#真实留信学历认证永久存档格里菲斯大学毕业证(Griffith毕业证)#文凭成绩单#真实留信学历认证永久存档
格里菲斯大学毕业证(Griffith毕业证)#文凭成绩单#真实留信学历认证永久存档208367051
 
The Next Things To Immediately Do About Mating Press
The Next Things To Immediately Do About Mating PressThe Next Things To Immediately Do About Mating Press
The Next Things To Immediately Do About Mating Pressmatingpress170
 
Black and White Minimalist Co Letter.pdf
Black and White Minimalist Co Letter.pdfBlack and White Minimalist Co Letter.pdf
Black and White Minimalist Co Letter.pdfpadillaangelina0023
 
LinkedIn Strategic Guidelines April 2024
LinkedIn Strategic Guidelines April 2024LinkedIn Strategic Guidelines April 2024
LinkedIn Strategic Guidelines April 2024Bruce Bennett
 
原版快速办理MQU毕业证麦考瑞大学毕业证成绩单留信学历认证
原版快速办理MQU毕业证麦考瑞大学毕业证成绩单留信学历认证原版快速办理MQU毕业证麦考瑞大学毕业证成绩单留信学历认证
原版快速办理MQU毕业证麦考瑞大学毕业证成绩单留信学历认证nhjeo1gg
 
办理哈珀亚当斯大学学院毕业证书文凭学位证书
办理哈珀亚当斯大学学院毕业证书文凭学位证书办理哈珀亚当斯大学学院毕业证书文凭学位证书
办理哈珀亚当斯大学学院毕业证书文凭学位证书saphesg8
 
Unlock Your Creative Potential: 7 Skills for Content Creator Evolution
Unlock Your Creative Potential: 7 Skills for Content Creator EvolutionUnlock Your Creative Potential: 7 Skills for Content Creator Evolution
Unlock Your Creative Potential: 7 Skills for Content Creator EvolutionRhazes Ghaisan
 
美国SU学位证,雪城大学毕业证书1:1制作
美国SU学位证,雪城大学毕业证书1:1制作美国SU学位证,雪城大学毕业证书1:1制作
美国SU学位证,雪城大学毕业证书1:1制作ss846v0c
 
Spanish Classes Online In India With Tutor At Affordable Price
Spanish Classes Online In India With Tutor At Affordable PriceSpanish Classes Online In India With Tutor At Affordable Price
Spanish Classes Online In India With Tutor At Affordable PriceFluent Fast Academy
 
Gurgaon Call Girls: Free Delivery 24x7 at Your Doorstep G.G.N = 8377087607
Gurgaon Call Girls: Free Delivery 24x7 at Your Doorstep G.G.N = 8377087607Gurgaon Call Girls: Free Delivery 24x7 at Your Doorstep G.G.N = 8377087607
Gurgaon Call Girls: Free Delivery 24x7 at Your Doorstep G.G.N = 8377087607dollysharma2066
 
Storytelling, Ethics and Workflow in Documentary Photography
Storytelling, Ethics and Workflow in Documentary PhotographyStorytelling, Ethics and Workflow in Documentary Photography
Storytelling, Ethics and Workflow in Documentary PhotographyOrtega Alikwe
 
Digital Marketing Training Institute in Mohali, India
Digital Marketing Training Institute in Mohali, IndiaDigital Marketing Training Institute in Mohali, India
Digital Marketing Training Institute in Mohali, IndiaDigital Discovery Institute
 
Crack JAG. Guidance program for entry to JAG Dept. & SSB interview
Crack JAG. Guidance program for entry to JAG Dept. & SSB interviewCrack JAG. Guidance program for entry to JAG Dept. & SSB interview
Crack JAG. Guidance program for entry to JAG Dept. & SSB interviewNilendra Kumar
 
Nathan_Baughman_Resume_copywriter_and_editor
Nathan_Baughman_Resume_copywriter_and_editorNathan_Baughman_Resume_copywriter_and_editor
Nathan_Baughman_Resume_copywriter_and_editorNathanBaughman3
 
Introduction to phyton , important topic
Introduction to phyton , important topicIntroduction to phyton , important topic
Introduction to phyton , important topicakpgenious67
 
Human Rights are notes and helping material
Human Rights are notes and helping materialHuman Rights are notes and helping material
Human Rights are notes and helping materialnadeemcollege26
 
8377877756 Full Enjoy @24/7 Call Girls in Pitampura Delhi NCR
8377877756 Full Enjoy @24/7 Call Girls in Pitampura Delhi NCR8377877756 Full Enjoy @24/7 Call Girls in Pitampura Delhi NCR
8377877756 Full Enjoy @24/7 Call Girls in Pitampura Delhi NCRdollysharma2066
 
Back on Track: Navigating the Return to Work after Parental Leave
Back on Track: Navigating the Return to Work after Parental LeaveBack on Track: Navigating the Return to Work after Parental Leave
Back on Track: Navigating the Return to Work after Parental LeaveMarharyta Nedzelska
 
原版定制卡尔加里大学毕业证(UC毕业证)留信学历认证
原版定制卡尔加里大学毕业证(UC毕业证)留信学历认证原版定制卡尔加里大学毕业证(UC毕业证)留信学历认证
原版定制卡尔加里大学毕业证(UC毕业证)留信学历认证diploma001
 

Último (20)

格里菲斯大学毕业证(Griffith毕业证)#文凭成绩单#真实留信学历认证永久存档
格里菲斯大学毕业证(Griffith毕业证)#文凭成绩单#真实留信学历认证永久存档格里菲斯大学毕业证(Griffith毕业证)#文凭成绩单#真实留信学历认证永久存档
格里菲斯大学毕业证(Griffith毕业证)#文凭成绩单#真实留信学历认证永久存档
 
Students with Oppositional Defiant Disorder
Students with Oppositional Defiant DisorderStudents with Oppositional Defiant Disorder
Students with Oppositional Defiant Disorder
 
The Next Things To Immediately Do About Mating Press
The Next Things To Immediately Do About Mating PressThe Next Things To Immediately Do About Mating Press
The Next Things To Immediately Do About Mating Press
 
Black and White Minimalist Co Letter.pdf
Black and White Minimalist Co Letter.pdfBlack and White Minimalist Co Letter.pdf
Black and White Minimalist Co Letter.pdf
 
LinkedIn Strategic Guidelines April 2024
LinkedIn Strategic Guidelines April 2024LinkedIn Strategic Guidelines April 2024
LinkedIn Strategic Guidelines April 2024
 
原版快速办理MQU毕业证麦考瑞大学毕业证成绩单留信学历认证
原版快速办理MQU毕业证麦考瑞大学毕业证成绩单留信学历认证原版快速办理MQU毕业证麦考瑞大学毕业证成绩单留信学历认证
原版快速办理MQU毕业证麦考瑞大学毕业证成绩单留信学历认证
 
办理哈珀亚当斯大学学院毕业证书文凭学位证书
办理哈珀亚当斯大学学院毕业证书文凭学位证书办理哈珀亚当斯大学学院毕业证书文凭学位证书
办理哈珀亚当斯大学学院毕业证书文凭学位证书
 
Unlock Your Creative Potential: 7 Skills for Content Creator Evolution
Unlock Your Creative Potential: 7 Skills for Content Creator EvolutionUnlock Your Creative Potential: 7 Skills for Content Creator Evolution
Unlock Your Creative Potential: 7 Skills for Content Creator Evolution
 
美国SU学位证,雪城大学毕业证书1:1制作
美国SU学位证,雪城大学毕业证书1:1制作美国SU学位证,雪城大学毕业证书1:1制作
美国SU学位证,雪城大学毕业证书1:1制作
 
Spanish Classes Online In India With Tutor At Affordable Price
Spanish Classes Online In India With Tutor At Affordable PriceSpanish Classes Online In India With Tutor At Affordable Price
Spanish Classes Online In India With Tutor At Affordable Price
 
Gurgaon Call Girls: Free Delivery 24x7 at Your Doorstep G.G.N = 8377087607
Gurgaon Call Girls: Free Delivery 24x7 at Your Doorstep G.G.N = 8377087607Gurgaon Call Girls: Free Delivery 24x7 at Your Doorstep G.G.N = 8377087607
Gurgaon Call Girls: Free Delivery 24x7 at Your Doorstep G.G.N = 8377087607
 
Storytelling, Ethics and Workflow in Documentary Photography
Storytelling, Ethics and Workflow in Documentary PhotographyStorytelling, Ethics and Workflow in Documentary Photography
Storytelling, Ethics and Workflow in Documentary Photography
 
Digital Marketing Training Institute in Mohali, India
Digital Marketing Training Institute in Mohali, IndiaDigital Marketing Training Institute in Mohali, India
Digital Marketing Training Institute in Mohali, India
 
Crack JAG. Guidance program for entry to JAG Dept. & SSB interview
Crack JAG. Guidance program for entry to JAG Dept. & SSB interviewCrack JAG. Guidance program for entry to JAG Dept. & SSB interview
Crack JAG. Guidance program for entry to JAG Dept. & SSB interview
 
Nathan_Baughman_Resume_copywriter_and_editor
Nathan_Baughman_Resume_copywriter_and_editorNathan_Baughman_Resume_copywriter_and_editor
Nathan_Baughman_Resume_copywriter_and_editor
 
Introduction to phyton , important topic
Introduction to phyton , important topicIntroduction to phyton , important topic
Introduction to phyton , important topic
 
Human Rights are notes and helping material
Human Rights are notes and helping materialHuman Rights are notes and helping material
Human Rights are notes and helping material
 
8377877756 Full Enjoy @24/7 Call Girls in Pitampura Delhi NCR
8377877756 Full Enjoy @24/7 Call Girls in Pitampura Delhi NCR8377877756 Full Enjoy @24/7 Call Girls in Pitampura Delhi NCR
8377877756 Full Enjoy @24/7 Call Girls in Pitampura Delhi NCR
 
Back on Track: Navigating the Return to Work after Parental Leave
Back on Track: Navigating the Return to Work after Parental LeaveBack on Track: Navigating the Return to Work after Parental Leave
Back on Track: Navigating the Return to Work after Parental Leave
 
原版定制卡尔加里大学毕业证(UC毕业证)留信学历认证
原版定制卡尔加里大学毕业证(UC毕业证)留信学历认证原版定制卡尔加里大学毕业证(UC毕业证)留信学历认证
原版定制卡尔加里大学毕业证(UC毕业证)留信学历认证
 

The True Cost of Childcare

  • 1. By Jacqueline Guill, Senior Lead Technologist, Strategic Innovation Group WITH THE COST OF CHILDCARE SOARING, WORKING MOMS ARE OPTING OUT IN ORDER TO MAKE ENDS MEET Innovating the Working Mom THE TRUE COST OF CHILDCARE
  • 2. $18,000 the average annual cost of center-based daycare in the U.S. 67% of working parents say that childcare costs have influenced their career decisions Rent < Childcare In most parts of the country, Americans spend more on childcare monthly than they do on rent Sources: Care.com, Economic Policy Institute
  • 3. 1 I AM A MOTHER OF TWO DAUGHTERS under the age of three. During my nine years at Booz Allen, I’ve managed to progress professionally while also creating a family, my most proud accomplishment. It is empowering to work at a firm that not only sees the value in encouraging a discourse on working moms, but is committed to innovating the working parent experi- ence. Booz Allen is dedicated to exploring new ways to recruit, retain and empower working moms—and I believe one way to do so is by addressing childcare. The Pew Research Center reported that after three decades of decline, the percentage of stay-at-home mothers is rising. According to the World Bank, the female labor participation rate dropped from 59 percent in 2000 to 56.3 percent in 2014. Bloomberg reported that childcare costs have risen at twice the pace of inflation since 1990—a recipe for working moms opting out of the traditional workforce. What’s the remedy? Affordable childcare. My Childcare Experience I chose to be a working mom, and I have found that if you want the best childcare you have to pay for it. The daycare center my family uses now charges $2,000 a month for an infant. Like any parent, I want a warm, happy, clean environment for my kids to spend eight hours a day in. But for many parents, $2,000 a month is simply unaffordable, forcing them to turn to cheaper options in an industry that has no national health or safety standards. The Department of Health and Human Services rates affordable childcare at no more than 10 percent of a household’s budget. In reality, it’s closer to 30 percent, especially where I live in the D.C. area, where childcare costs are among the highest in the country. A friend recently confided that she wished someone had told her to start saving for childcare in her twenties. She wasn’t joking. While that kind of foresight would have been nice, it shouldn’t be necessary. Childcare has become too much of a financial and “I chose to be a working mom, and I have found that if you want the best childcare you have to pay for it.” —Jacqueline Guill AFFORDABLE CHILDCARE AND THE CORPOR ATE FAMILY
  • 4. 2 emotional burden and we have got to level the playing field if we’re going to retain moms in the workforce. Some will say—so what if women pause their careers for children? That’s their choice—and that is true. But companies are losing out on their diversity of thought and our economy is losing out, too. If the U.S. women’s labor participa- tion rate matched those of other developed countries, the Department of Labor says our GDP could increase by $600 billion a year (with a current GDP of $16.77 trillion, that’s a 3.5 percent rate of growth). So what can be done? Below are five options for employers, including Booz Allen, to better recruit, retain, and empower working parents. Build Trust Something Booz Allen does really well is cultivate trust. Employers like Booz Allen who help you prioritize your family will often benefit from a more engaged, loyal employee. Employers who trust that you will get the work done likely won’t bat an eye when you leave early to do the daycare pickup. Employers who know that work should fit into your life, and not the other way around, will reap of the benefits of having a fully present employee. And employers who recog- nize the value of the familial bonds you have with other parents at work, will care for you like family, too. In my experience, Booz Allen builds this trust through its Parent Forums, the Women’s Agenda, and flexible schedules. Bring It In-House An increasing number of companies (like Booz Allen, Patagonia, Clif Bar, and IBM) are offering on-site daycare. I know my colleagues who use our firm’s on-site daycare love being able to go downstairs at the end of the day, pick up their children, and head home. The peace of mind this gives them is huge. But like any benefit, it may not suit everyone’s needs or in some cases be viable. In the age of teleworking, for example, on-site daycare may only help a small handful of employees. Facilitate It If companies are unable to provide on-site childcare options, another way to support employees with children would be to connect them to quality care providers. Many businesses are bene- fiting from creating internal working mom/parents support groups where recommendations can be shared. Companies that can connect parents to referrals (with reviews from your colleagues!) to local childcare providers, nannies, or au pairs in your area is another helpful way to get on those competitive waitlists. Change the Culture Perhaps most importantly, companies should facilitate a culture shift that acknowledges that the male professional experience shouldn’t be the default. I will need male allies throughout my career, and companies like Booz Allen that bring them into the fold early and often to normalize the working mom experience will create enhanced working parent cultures. Subsidize It Many leading businesses, for the purposes of recruiting and retaining working moms, have opted to help make childcare more affordable through subsidies. For example, companies like Yahoo!, Google, and Publix are partially funding their employees’ childcare and according to Bloomberg, those employers see increased employee productivity and happiness. Not just because it’s a financial burden, but also because childcare is a huge source of stress. By providing subsidies, employers are showing that they have a stake in employee well-being, too. Companies like those mentioned prove that the investment in their employees’ childcare is good business, as it leads to higher retention rates among moms. Continue the conversation by contacting our author using her email below. Or, follow @LifeatBooz on Twitter. Jacqueline Guill Senior Lead Technologist Guill_Jacqueline@bah.com @jacguill Jacqueline Guill is a data scientist with a specialization in operations research in Booz Allen’s Strategic Innovation Group. She has been with the firm for nine years in the Washington Metro Area and has two young daughters.
  • 5. 3 EMPLOYERS WHO KNOW THAT WORK SHOULD FIT INTO YOUR LIFE, AND NOT THE OTHER WAY AROUND, WILL REAP OF THE BENEFITS OF HAVING A FULLY PRESENT EMPLOYEE AT WORK. AND EMPLOYERS WHO RECOGNIZE THE VALUE OF THE FAMILIAL BONDS YOU HAVE WITH OTHER PARENTS AT WORK, WILL START TO CARE FOR YOU LIKE FAMILY, TOO.
  • 6. BOOZALLEN.COM© 2017 Booz Allen Hamilton, Inc. About Booz Allen Booz Allen Hamilton is committed to exploring new and innovative ways to enhance the work experience for working moms and all of its employees. As one of Working Mother’s 100 Best Companies for 18 years running, the firm is dedicated to providing the family support, flexibility, and advancement that the modern workplace demands. Booz Allen Hamilton has been at the forefront of strategy and technology for more than 100 years. Today, the firm provides management and technology consulting and engineering services to leading Fortune 500 corporations, governments, and not-for-profits across the globe. Booz Allen partners with public and private sector clients to solve their most difficult challenges through a combination of consulting, analytics, mission operations, technology, systems delivery, cybersecurity, engineering, and innovation expertise. With international headquarters in McLean, Virginia, the firm employs more than 22,600 people globally and had revenue of $5.41 billion for the 12 months ended March 31, 2016. To learn more, visit BoozAllen.com. (NYSE: BAH)