To be cost-effective, employee care benefits must fit your companies needs. Common considerations in determining company needs include budget, company structure, the current compensation program, number of employees, industry, workforce makeup, and work schedules.
At Helpr, we work with companies to create the right employer-sponsored childcare plan in light of these considerations.
All plans include:
Additional features include:
Unlike standard corporate care plans, which often offer a single childcare provider or have strict care networks, Helpr offers a flexible care provider network. Helpr’s provider options include in-network providers, “Upload Your Own provider” Capabilities, and direct hire through our Core Care marketplace.
Employees can select In-Network Providers that have been carefully vetted by Helpr. Rates will vary depending on the location, but employees get to choose which provider to use. Employees are charged per hour by Helpr’s in-network providers, resulting in lower child and dependent care expenses.
Through Helpr’s Upload Your Own Provider service, employees can use their care benefits to pay family and friends to care for their dependents or children. With this option, employees can take advantage of care networks they’ve already established, which are typically more affordable.
By using Core Care, employees can discuss options and create a care plan with a Helpr-provided care consultant. Core Care also offers two additional ways to hire the best care provider for their family:
Together, these methods help make offering childcare benefits to employees more affordable. On average, employers and employees can save up to 60% on hourly childcare costs through Helpr, as compared to traditional models.
Compliance is an essential element of every child and dependent care benefit program. Two key compliance areas for every care benefit are tax reporting requirements and childcare provider regulations:
Backup care benefits administered using a Dependent Care Flexible Savings Accounts (DCFSAs) are subject to strict IRS regulations. Both employees and the company will need to maintain appropriate records.
Specifically, employees need to show that expenses paid for using Dependent Care FSA funds eligible expenses. To be an eligible expense, it must be a work-related expense for the care of a qualifying individual.
Helpr’s FSA tool creates and maintains these records automatically, eliminating a historically tedious and complicated employee benefits process.
Other Tax Reporting: Dependent Care FSAs aren’t the only way to provide childcare benefits. Still, how a company chooses to provide care benefits will impact both the employees' and the company’s taxes.
Laws regulating the childcare industry, and particularly childcare providers, vary by state. These laws are implemented to ensure the health and safety of children and dependents in the care of a childcare provider or caretaker.
Through the vetting process, Helpr ensures compliance with these state laws. This vetting process includes person meets, reference checks, background checks, social media review, CPR certification, and payroll setup.
We understand that dependent and childcare benefits aren’t an investment if your employees aren’t using them. We also understand that even though employer-paid childcare expenses are an attractive benefit to candidates, low benefit utilization still plagues childcare benefit plans.
To increase benefit utilization, we build customized marketing plans for each of our company partners. These marketing plans help ensure that employees have meaningful access to their benefits. This means that they understand what the benefit is, how to enroll, and how to get the most out of it.
To ensure cost-effectiveness, employee care benefits must align with your company’s unique needs, including budget, structure, workforce makeup, and work schedules. Helpr specializes in creating flexible, affordable childcare plans that cater to these requirements, offering a range of services. Additionally, we provide custom marketing plans to maximize benefit utilization, ensuring your employees are fully supported.
Partner with Helpr to enhance your employees' well-being and productivity all while boosting your bottom-line.