Leonardo to Help Ease Childcare Burden for Employees
Next generation technology company helping employees find and afford quality Child Care, while chipping in $250 a month to subsidize the cost.
Leonardo Electronics US, a subsidiary of the global industrial group Leonardo, renowned for its technological capabilities in Aerospace, Defense, and Security, is again reaching great heights. The company is launching Child Care Benefits to support its workforce at its Tucson, Arizona, semiconductor manufacturing facility and Huntsville, Alabama, world-class, state-of-the-art production, repair, and service facility. The strategic partnership with TOOTRiS, the nation's largest childcare platform, will allow employees to find and access licensed childcare providers quickly. Leonardo Electronics US also provides $250/month to help cover the cost of care.
Why Now?
According to a Stanford study, 75% of working parents struggle to find reliable Child Care services. Making the situation more dire, the “Child Care Cliff” threatens to close upwards of 70,000 Child Care programs nationwide in 2024, impacting as many as 3.2 million children. Shorter supply means increased demand and cost, with The Wall Street Journal reporting a 6% increase in childcare expenses for families, double the overall inflation rate for the year.
The Remedy is in the Technology:
TOOTRiS is the largest, most comprehensive Child Care Benefits platform in the country that offers:
- Instant access on any device to search, vet, tour, and enroll your child in quality Child Care programs – accessing real-time openings of Child Care slots.
- 200,000+ licensed and licensed-exempt Child Care providers across all 50 states, covering every type of care, including full-time, backup, after-school, summer camps, and more.
- 24/7 concierge support to help parents find the specific care they need.
Additionally, Leonardo Electronics will contribute up to $3000/year to help cover the cost of Child Care for employees.
"TOOTRiS is thrilled to join forces with Leonardo, a company known for its technological aptitude and commitment to its employees,” said Alessandra Lezama, TOOTRiS CEO and select member of the ReadyNation CEO Task Force on Early Childhood. “Together, we are redefining how working parents approach Child Care, offering them unprecedented flexibility and support."