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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
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78% of Fortune 500 HR leaders say they have trouble getting the C-suite to believe in the long-term benefits of childcare

Brit Morse
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Brit Morse
Brit Morse
Leadership Reporter
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Brit Morse
By
Brit Morse
Brit Morse
Leadership Reporter
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January 16, 2025, 8:39 AM ET
Young daughter plays beside her working mother in a home office
Parents struggle amid unstable childcare and rising costs. RainStar/Getty Images
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As more executives call workers back to the office, employees are increasingly under pressure to figure out their childcare plans. HR leaders are often tasked with advocating for workers to get the benefits they need, but new data shows just how difficult it is to convince the C-suite. 

A staggering 78% of Fortune 500 HR leaders say they’ve had difficulty persuading the C-suite of the long-term investment benefits of providing childcare to employees, according to a new study from education facilitator Kindercare and market research company The Harris Poll. And although 85% of HR leaders say company office mandates have impacted child care benefits, budget constraints and uncertainty around employee needs remain the biggest barriers.

“Some CEOs are likely betting that all this pushback against returning to the office will die down, but I think this issue, childcare included, will certainly continue through 2025 and into 2026. Because people are still figuring out the effects of RTO, and companies that help their workers the most are going to succeed first,” Dan Figurski, president of KinderCare for Employers and Champions, tells Fortune.

The good news is that HR teams do generally believe in these benefits and their ability to make employees’ lives easier. The vast majority of HR leaders (83%) agree that child care benefits improve employee mental health, and (82%) believe it can offset the negative impacts of return-to-office mandates, the study found. 

“I think CEOs and C-suite executives need to add childcare to the conversation of returning to work, because we are bringing in a new workforce and for them, childcare needs to be one of the core benefits companies offer.”

That said there are clearly some disconnects between what HR wants and what the C-suite is willing to provide. When CHROs were asked during the study what they wish management understood about these benefits, 71% said that management doesn’t comprehend just how much quality child care boosts productivity for working parents, and another 70% wish they could remind managers that “employees have families,” the study notes.

But there are some important statistics that HR leaders can point to as a way of convincing C-suite leaders to provide employees with better child care benefit options. Top HR leaders and other company decision-makers (85%) say they understand that providing childcare benefits reduces employee turnover, and 86% generally agree that providing such can help in recruiting talent. To convince CEOs how important childcare benefits are, Figurski suggests HR leaders focus on the ramifications of not providing it, including increased turnover, and the ability to attract top talent. 

“Tell CEOs that if you want the best, brightest talent coming out of college, the workforce of tomorrow is going to require childcare if they have families.”

Brit Morse
brit.morse@fortune.com

Around the Table

A round-up of the most important HR headlines.

While other large companies, from McDonald’s to Meta, are reconsidering their diversity, equity, and inclusion policies, wholesale giant Costco is standing behind its policies. Wall Street Journal

The Small Business Administration allocated $78 billion in federal contracts last year to companies owned by people from historically marginalized groups. It’s likely to come under legal attack in the coming months. Bloomberg

Landing a white-collar job in the U.S. has become so difficult that even top graduates from Harvard’s MBA program say it’s taking months to land a new role. Wall Street Journal

Watercooler

Everything you need to know from Fortune.

An “intense year ahead.” Mark Zuckerberg told employees at Meta to gear up for a rough year, announcing a fresh round of job cuts targeted at low performers. —Beatrice Nolan

Giving job candidates the ick. Employers who boast about their minimal annual leave as a perk on their posting are driving away potential applicants with over 65% of workers calling it a major red flag. —Orianna Rosa Royle

Performance review season. Major companies such as Microsoft, Amazon, and Goldman Sachs have used performance reviews to evaluate who gets laid off. But career experts say even the best employees aren’t safe. —Emma Burleigh

This is the web version of Fortune CHRO, a newsletter focusing on helping HR executives navigate the needs of the workplace. Sign up to get it delivered free to your inbox.
About the Author
Brit Morse
By Brit MorseLeadership Reporter
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Brit Morse is a former Leadership reporter at Fortune, covering workplace trends and the C-suite. She also writes CHRO Daily, Fortune’s flagship newsletter for HR professionals and corporate leaders.

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