Around three-quarters (76%) of employees feel that their organisation could do more to help with childcare costs, according to research by employee wellbeing organisation Catapillr.
Its survey of 300 employees also found that 51% believe that childcare support is one of the most helpful benefits that employers can provide; 71%, on the other hand, think that flexible working hours is one of the top benefits an organisation can offer.
Almost two-thirds (63%) of employees do not have an account for tax-free childcare, through which the government will pay £2 for every £8 an employed individual pays to their childcare provider via an online account. However, 81% of working parents state that they would be interested in an employee benefit to assist with childcare costs. A further 63% would consider using a cash advance scheme to help pay for childcare.
Phil Robinson, chief executive officer and founder at Catapillr, said: “Our survey shows there is a disconnect between employers and working parents.
“Even with the growth of flexible hours, working parents still need to pay for childcare, especially during the school holidays, which can cost up to £10,000 per year. It’s no surprise they would like their employer to offer financial support.”