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Business plan proposal

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Introduction

BigTech Inc. is an organization that specializes in offering technology services and

products to its clients. The services and products offered by the organization range from website

development, App development, IT services, Software installation, among others. The company

is one of the best in terms of employee retention and satisfaction. This can be proved by the

increased productivity the company has been experiencing over the years and the increased rate

at which job seekers are seeking jobs from the organization, and the reduced rate at which

employees of the organization are leaving the company for its competitors. As the owner and

CEO of this business, I have realized that most of the top talents and skillsets of the company are

parents who have young children. A research was conducted on the company's employees, and it

was found out that most of the parents with young children are always troubled by child care

services. This has, in return, negatively impacted the productivity of the organization. The

reduction in the company's productivity will go in a long way in destroying its competitive

advantage. To counteract reduced productivity, the company is considering introducing long

time solutions to the different problems. For the issue of employee childcare, the company is

considering offering child care benefits to its employees. Therefore, this research paper is an

assessment to determine the financial pros and cons of offering child care benefits and

recommending whether introducing the childcare benefits will be economically viable.

Discussion

Having the young children of the employees at a daycare in their parents' workplace

seems to be ideological. Other employers prefer not to have daycare facilities at the workplace

but instead provide the daycare benefits to the employees outside the company. This means that

the employers provide the employees with the necessary financial help and resources to help

them overcome the problem of taking care of the child. However, this company prefers to

provide child daycare benefits to the employees by having child daycare facilities on the

company grounds. Therefore, to determine the financial viability of this decision, the company

has to identify the financial pros and cons.

Advantages of offering child daycare to employees

One of the main advantages of offering child daycare benefits to the employees is that the

motivation of the employees is increased, and so is their productivity. Increased productivity of

the employees of an organization means the overall productivity of the company. The employee

will perform the duties assigned to them with effectiveness, knowing that their young children

are within and, therefore, attending to their needs becomes easy(Brady et al.). A motivated

employee can be taken as an asset of the organization as they are more beneficial to the company

than any other employee. A motivated employee makes the other employees also become

motivated, and therefore the general output of the company increases.

A child daycare facility in the institution means that the employee will not have to worry

about rushing from the company to pick their children at the daycare. Since the child daycare

facility is within the company, the employee can even extend their stay and finish up on the

different projects. This leaves the employee with enough time to work on the projects, and

therefore, the company's projects will be completed in a timely manner, hence making the client

happy (Azhari et al.). A happy client is a satisfied client. If the client is happy and satisfied, then

the company will benefit financially and from a good reputation and referrals.

Another advantage of having the child daycare facility and benefits in b the facilities is

that it helps retain and attract both old and new talent. Employees can only be retained if their

needs and wants are fulfilled and are considered, and daycare services are one of the

considerations. With the provision of child day care services, the employees find it hard to leave

the company. This, in return, increases the retention rate of the company. On the other hand,

increased employee retention means that the employees are satisfied, and satisfied employees are

productive workplaces. The increased retention leads to the development of a healthy workplace

and not a toxic workplace.

The implementation of this program will also eliminate the aspect of absenteeism,

turnover, and tiredness. The majority of the employees of the company are females, and

whenever they were absent, the reason was that they could not place the child in daycare.

Disadvantages of child daycare benefits

One of the disabilities is that having the child close might be a distraction for some of the

employees. This means that the employee will not be able to perform their duties effectively, and
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as a result, their productivity will decrease. A decline in the productivity of the employee means

a general decline in the productivity of the organization. Instead of concentrating on work, the

employee might end up visiting the child daycare facility more frequently for check-ins (Azhari

et al.).This will negatively impact the employee and then the organization's productivity, but it

will also adversely impact the ability and opportunity of the child to interact with others.

Another disadvantage of establishing childcare services in the workplace is that the

employees will not differentiate between a professional and personal life. The establishment and

running of the child daycare facilities could be challenging for the business and negatively

impact its liability. This means that acquiring the licensing and sponsorship for the facility could

be excessively difficult (Brady et al.). A decreased liability in any company is one way to destroy

the relationship between an employee and an employer.

Methodology

To conduct this research, several data collection methods will be involved. Several data

collection methods will be utilized to avoid the biasness of data and data that is not viable.

Therefore, the methods involved in this research are interviewing employees and employers,

surveys and questionnaires. Interviewing the employees and the employers will help obtain data

on the perspective of these individuals on the implementation of daily child care within the

workplace. This will help obtain first-hand data on how economically viable the idea of

implementing child daycare services is. It will provide a better understanding of how to go with

the ideology. The questionnaires will also be provided to the employees and their views on the

same identity. A survey will be carried out on the companies that have already implemented the

ideology and see how it works for them.

Works cited

Brady, Michelle, and Francisco Perales. "Hours of paid work among single and partnered

mothers in Australia: The role of child care packages." Journal of Family Issues 37.3 (2016):

321-343.
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Azhari, Nik Farhanah Nik, et al. "The quality of physical environment in workplace childcare

centers." Procedia-Social and Behavioral Sciences 202 (2015): 15-23.