How is the Economic Impact of the Childcare & Maternal Health Crisis in Georgia Affecting Your Business?

goBeyondProfit

Friday, September 6th, 2024

By investing in expanded maternal health services and childcare support, Georgia companies can not only improve employee well-being but also boost their bottom line.

Georgia employees are sending a clear message: they are loyal to companies that offer benefits they value. The 2024 Business Generosity Report revealed overwhelming employee support for expanded maternal health services (85%) and childcare support (83%). Turns out, these benefits are crucial for building a positive company culture, increasing productivity, and reducing burnout.

The Maternal Health Gap: Despite its near universal level of importance to 85% of all employees (men and women), only 21% of companies offer expanded maternal health services. The importance employees place on this has risen 9 points since 2023 and yet fewer executives report offering this than in 2023. This is especially concerning considering Georgia's high maternal mortality rate, particularly for women of color.

Trickle-Down Benefits of Childcare Support: Similarly, childcare support is falling short (only 15% of companies offer it) despite strong employee demand (83% of men and women). A lack of childcare support impacts productivity, especially for Millennials and employees of color. Studies show childcare benefits can lead to a 425% ROI through increased recruitment, retention, and productivity.

The report offers resources to help companies implement these solutions.