Childcare subsidy
What are Childcare subsides?
Offering a childcare subsidy is a great way to support your employees with their childcare costs. A childcare subsidy means part of an employee's childcare fees are paid for by your company.
Why should you offer childcare subsidies?
Benefits to your employees:
- Save on the cost of nursery fees — employees can save potentially thousands of pounds with a childcare subsidy.
- Peace of mind that their children will be cared for while they're at work.
Benefits to you:
- Reduced payroll tax and national insurance contributions
- Improved employee retention
- Attract better talent
- Happier & more productive employees
- Reduce absenteeism due to unavailable childcare.
If you're looking to set up a childcare subsidy as part of a comprehensive parental policy, check out our guide to parental leave for more info!
Why offer childcare subsidies through Ben?
Ben makes offering childcare subsidies easy. You'll work with a benefits consultant to help you determine if this is the right benefit for you and how it will fit in with your overall package. From there we'll help you find a provider at a preferred price through our global broker network.
Our onboarding team ensures all employees are set up properly, and with ongoing self serve enrolment, as well as automated provider communications. All admin work is taken care of for you, including if you offer various levels of coverage or dependent enrolment.
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Ben is easily the most engaged initiative we’ve ever had. It gets everything to everyone in different locations, and I can’t even tell you how much time it’s saved us.
