The business impact of child care
We all rely on someone who relies on child care. A strong, affordable child care system supports all Coloradans’ ability to access the essential services we rely on to fuel our way of life and our economy.
Use the tool below to know exactly how much the lack of accessible and affordable child care is impacting our economy in Colorado.
Child Care Savings Calculator
Calculate your company's potential savings if your employees have access to affordable childcare in Colorado.
Company Information
Calculated: 0 parent employees with children under 5
Annual Savings Breakdown
Turnover Reduction Savings
$0
per parent employee
Absenteeism Reduction Savings
$0
per parent employee
Productivity & Presenteeism Savings
$0
per parent employee
Total Annual Savings per Parent Employee
$0.00
Total Annual Savings for Your Company
$0
Based on 0 parent employees
Research-Based Methodology
This calculator uses data from multiple research studies showing that child care benefits reduce employee turnover by an average of 25.8%, absenteeism by 25.0%, and improve productivity by 41.0% among parent employees. Employee replacement costs are calculated at 85.0% of annual salary, including recruitment, training, and productivity loss during transition periods.
Research Assumptions
9.0% of total workforce
85.0% of annual salary
25.8% reduction in turnover
Per employee per year
25.0% reduction
41.0% improvement
