Research Paper Child Day Care

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As time went by, many employers found that a lack of child care is a barrier for qualified workers.

Companies soon discovered that providing benefits by sponsoring child care centers in or near the office was a worthwhile investment resulting in increased in morale and decrease in absenteeism.

Daycare services are typically either family daycare homes or daycare centers.

Family daycare homes are based in private residences and typically have 1 provider who cares for 6 or fewer children.

In 2002 the US Census Bureau estimated that 34.9% of the total children under the age of 5 had non relative care and 22.7% were in organized care faculties.

The estimated number of day care establishments in the United States totals almost 150,000 with estimated annual sales of over ,600 million.

However, the steady demand for such centers has yet to be fulfilled, leaving room for growth in the billion market.

For many parents, the thought of child care is alluring; however, they find themselves afraid to leave their child in the arms of a stranger.

Employers are finding that lack of child care is a barrier for qualified workers and the cost of providing benefits by either sponsoring child care centers in or near the office outweighs the cost. Child Care centers can work with local employers to set up direct financial assistance, discounts for child care, trade outs or other co-operations.

As many as 73% of companies with

The estimated number of day care establishments in the United States totals almost 150,000 with estimated annual sales of over $20,600 million.

However, the steady demand for such centers has yet to be fulfilled, leaving room for growth in the $21 billion market.

For many parents, the thought of child care is alluring; however, they find themselves afraid to leave their child in the arms of a stranger.

Employers are finding that lack of child care is a barrier for qualified workers and the cost of providing benefits by either sponsoring child care centers in or near the office outweighs the cost. Child Care centers can work with local employers to set up direct financial assistance, discounts for child care, trade outs or other co-operations.

As many as 73% of companies with $1 billion or more in revenue provide some kind of child care benefits.

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The estimated number of day care establishments in the United States totals almost 150,000 with estimated annual sales of over $20,600 million.However, the steady demand for such centers has yet to be fulfilled, leaving room for growth in the $21 billion market.For many parents, the thought of child care is alluring; however, they find themselves afraid to leave their child in the arms of a stranger.Employers are finding that lack of child care is a barrier for qualified workers and the cost of providing benefits by either sponsoring child care centers in or near the office outweighs the cost. Child Care centers can work with local employers to set up direct financial assistance, discounts for child care, trade outs or other co-operations.As many as 73% of companies with $1 billion or more in revenue provide some kind of child care benefits.According to the 2006 Third Wave Research report, the total potential market for daycare centers, nursery and preschools was $24.7 billion.The following outlines the demographic breakdown of this potential $20 billion market:$50,000 – $99,000 = 42.93% Over $100,000 = 32.46%Between 20, the 5 year and under segment of the population is expected to grow from 19 million to over 21 million and to 30 million by 2050.For many parents, crayola-covered walls and orchestras limited to pots and pans bring to mind the thought, “maybe daycare isn’t such a bad idea after all.” Besides providing parents with a little time off, day care centers offer children under five years of age, an educational and fun environment while parents are at work.These benefits have helped drive the demand for child care in recent years though the supply of quality centers has yet to catch up.There is plenty of room for growth within the industry.In fact, the company with largest market share only boasts of 3%.

billion or more in revenue provide some kind of child care benefits.

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