Latest / The Diversity Career Podcast with Fexingo: Inclusion, Equity, and Underrepresented Professionals
How One Company Paid for Child Care to Retain Women
Episode 30 of The Diversity Career Podcast explores a specific case: how a mid-sized professional services firm in Chicago, Smithfield Advisors, introduced a child care subsidy program in early 2024 and reversed a trend of mid-career women leaving the firm at twice the rate of men. We walk through the program design, the economics (a $2,400 annual subsidy per child), and the results after 18 months: a 40% drop in voluntary turnover among mothers with young children, and a measurable improvement in promotion rates for women. Lucas and Luna debate whether the program is scalable to smaller…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.