FFNM Past Virtual Workshop: Employer-Based Child Care

Employer-Based Child Care
Understand the Business Case and How to Get Started

The pandemic has placed a spotlight on the link between child care and the economy, and employers are now being called upon to facilitate the needs of a workforce that is in high-demand. One third of the U.S workforce (50 million workers) has a child under 14 in their household and nearly 20% of workers surveyed have had to leave work or reduce working hours due to a lack of childcare. Workplace policies that help bridge this gap function as a competitive advantage for recruitment and retention. This workshop will offer a panel discussion on the business case and different options for how to provide employer-based childcare.

Learning Objectives:

• Facilitate an understanding of the current needs of the caregiving workforce
• Promote knowledge of how to utilize resources that are available to employers
• Offer real-life examples of employer-based child care

This Online and virtual training took place on:

Tuesday, May 24, 2022
12:00PM – 1:00PM
COST: $25

Workshop Resources

• FFNM Guide- Employer-Supported Childcare: Options and Resources
• US Chamber of Commerce Foundation – Roadmap for Employers – Childcare Solutions for Working Parents
• FFNM Economic Support toolkit
• FFNM Guest Blog Employer Supported Child Care
• The Notice of Funding for the Child Care Supply Building Grant
• Santa Fe Community College Early Childhood Center of Excellence
• Childcare is a business issue
• Form 8882: Credit for Employer-Provided Childcare Facilities and Services
• The Importance of Childcare in Reopening the Economy
• (Paywall if not a member) SHRM Article: Employers Consider Child Care Subsidies:
• AARP Public Policy Institute – Caregiving in the US 2020 Report
• EPICS website
• Patagonia testimonials
• New Jersey Employer Childcare toolkit ( Tax credits, Subsidies)
• “Bosses for Babies” toolkit
• Recent Article in the SF New Mexican (featuring Kids Campus!)
• Early Childhood Council of La Plata County
• Parent Nation.org
• Why haven’t US mothers returned to work? The child-care infrastructure they need is still missing. – The Washington Post

Resources shared from Allen Anderson, Regional Manager, Early Childhood Education and Care Department:

ECECD is here to help

• We want to help businesses build their workforce and break down barriers faced by your staff to ensure they can be on-site, working.
• We have increased child care eligibility to 400% FPL
  • No co-payments until July 2023
  • That is roughly $111,000 income for a family of 4
  • https://www.nmececd.org/child-care-assistance/

Employer’s Guide to Supporting Employee Child Care

• https://www.nmececd.org/wp-content/uploads/2022/04/Employers-Guide-to-Supporting-Employee-April-2022.pdf

Corporate Child Tax Credit (Tax & Revenue offers)

• Did you know?… A New Mexico employer that pays for or provides child-care services for employees may claim a credit against corporate income tax equal to 30 percent of the total expenses, net of any reimbursements, for child-care services incurred in the taxable year.
  •  Up to $30,000
  •  For 2020 tax year, only 3 corporations utilized this tax credit
• Do a simple Google search to learn more
• Forms located here:
  • https://klvg4oyd4j.execute-api.us-west-2.amazonaws.com/prod/PublicFiles/34821a9573ca43e7b06dfad20f5183fd/cc57dd0a-1feb-4b85-b5b4-3859385994f6/cit-3.pdf

Child Care Supply Building Grant

• This just launched (5/23/22)
• If you are interested in opening a Licensed site, or have a community partner who could benefit, here are some details
  •  Existing provider looking to expand capacity or open a new location
  •  New providers looking to be open within the next 6 months
  •  This is aimed towards reducing what we call “Child Care Deserts”
  •  Opens June 17, 2022
  • Learn more at: https://www.nmececd.org/grants-rfps-and-procurement-opportunities/

Employer-supported Childcare: Options and Resources

CEUs

This program is valid for 1.0 PDCs for the SHRM-CP® or SHRM-SCP®. Family Friendly New Mexico is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities. For more information about certification or recertification, please visit www.shrmcertification.org.

The use of this official seal confirms that this Activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.