As part of an effort to increase the number of companies offering Child Care as an employee benefit, insurance and financial services firm BJA Partners has entered into an agreement with TOOTRiS, a tech enabled Child Care service provider. BJA Partners will now include, as part of the portfolio of services it provides to its clients, access to TOOTRiS’s on-demand Child Care network, the two companies announced today.
About 90 percent of employers in the San Diego region report that they are prioritizing initiatives that better support their employees‘ work-life balance, and 55 percent recognize the direct correlation of lost productivity to some kind of Child Care-related issues. To that end, BJA Partners embraces innovation and offers clients personalized solutions that now may include Child Care benefits.
“As a working professional and a parent of young children myself, I recognize the lack of childcare options in the current marketplace,” said Sara Howland, President of BJA Partners. “Our goal has always been to position employers to attract and retain the best workforce by bringing solutions that go beyond traditional insurance products. Offering a well-rounded benefit package is not just about mitigating costs it should also improve the lives of employees and their families. We believe TOOTRiS can help do that.”
TOOTRiS, the fastest growing tech-enabled service provider connecting parents to high-quality Child Care, will provide BJA Partners clients with the ability to secure enrollment in one of the thousands of Child Care quality programs in the TOOTRiS network, along with dedicated support and subsidy assistance.
“BJA Partners treats their clients like family so they understand the importance of helping their workforce with options for better work-life balance,” said Alessandra Lezama, CEO of TOOTRiS. “Smart companies know especially coming out of COVID-19 that to attract and retain top talent they need to step up and help working parents solve their Child Care needs. We are delighted to partner with BJA to make Child Care solutions available to all their clients as they support their employees in our new reality.
Each year $3 billion in revenue is lost due to employee absenteeism from lack of Child Care. And employee turnover from Child Care problems costs an employer up to 150 percent of their annual salary. In San Diego, a family of four will generally spend 40 percent of its annual budget on Child Care.
With TOOTRiS, employers can provide Child Care as a benefit that offers working parents the tools and support they need to stay focused and perform their best.
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