US companies Salesforce, Bank of America offering childcare benefits - Business Insider

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How top US companies like Bank of America and Salesforce are preventing parents from exiting the workforce by providing thousands of dollars in childcare benefits

, the Child Care is Essential Act and the Child Care for Economic Recovery Act. They would provide a combined $100 billion in direct childcare funding over the next five years, including $50 billion in immediate pandemic relief. In the absence of a public program or bailout thus far, more companies are taking it upon themselves to keep their workers, well, working.unlimited

Bank of America's Sheri Bronstein, the company's chief human resources officer, spoke with Business Insider about the decision.

 

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