Latest / The Diversity Career Podcast with Fexingo: Inclusion, Equity, and Underrepresented Professionals
How One Firm Paid for Child Care to Retain Working Mothers
Lucas and Luna explore how one mid-size accounting firm—Bennett Advisors—funded a child care subsidy program that cut turnover among working mothers by 40 percent in two years. They break down the program's structure: a flat $500 monthly subsidy per child under age six, funded by reallocating 5 percent of the partner bonus pool. Lucas cites the firm's retention data: before the program, annual turnover for mothers with young kids was 28 percent; after two years, it dropped to 17 percent. The hosts also discuss the cost-benefit math: each retained employee saved roughly $35,000 in…
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