The New Jersey Business Council for Childcare has launched to unite influential business organizations and employers in addressing the significant impact of childcare on workforce and economic issues. Key organizations involved include the NJ Business & Industry Association (NJBIA), the New Jersey Chamber of Commerce, and Hackensack Meridian Health, among others.
Research indicates that New Jersey businesses lose approximately $2.28 billion annually due to childcare-related absenteeism and turnover. A recent survey found that nearly 85% of employers recognized childcare disruptions affecting employee schedules and hours. Currently, 70% of children under five live in households where all available parents are working, creating a notable gap in childcare supply.
Center-based childcare costs families nearly $18,000 per year, intensifying pressures on employers who are vying for talent. NJBIA President Michele Siekerka emphasized that childcare must be addressed as a critical component of workforce dynamics.
The Council aims to provide a collective platform for businesses to advocate for childcare solutions and improve local economies. Various founding members, including healthcare, manufacturing, and service industries, have expressed their commitment to addressing these challenges together.
The initiative invites more employers to join and seeks to raise awareness about the critical relationship between childcare and economic growth. For more information, interested businesses can visit their website or contact Meredith Lipnick at Moms First.
