Manchester, UK - 11 June, 2008 - Early Years Vouchers Ltd, one of the UK's leading childcare allowance organisations, has identified the top five reasons why employers of all sizes - from SMEs to large multi-site corporations - should make childcare vouchers available to working parents. Vouchers can provide parents with significant savings of up to £1,195.56 on childcare costs and employers with benefits, such as increased productivity levels and N.I. savings of up to £373 per employee each year. Early Years Vouchers Ltd has published its Top Five as part of its drive to educate employers in this area, following a report in The Telegraph in March which reveals that just 2 per cent of working parents are currently claiming childcare vouchers.
Although employers play a key role in educating working parents about their entitlements, many still don't currently offer childcare vouchers. For some, there is a misconception that childcare voucher schemes are designed for bigger companies who have a large percentage of working parents to cater for, plus a large HR department to deal with the expected extra workload. However, in reality, multi-site corporations, such as Kellogg and Endemol, as well as SMEs with only one or two people on the scheme can benefit from EYVL’s voucher scheme as it offers a fully automated process that alleviates the HR workload.
"There is an assumption that implementing a childcare voucher scheme will be very complex and employers are afraid that they will have to dedicate a section of their HR department to deal with the running of it," explained Amanda Ward, Director of Early Years Vouchers Ltd. "I believe that if employers knew how simple it really is, including how much of the leg-work is done by us, plus the financial and social benefits to them as a business, they wouldn’t think twice about signing up."
Top Five Employer Benefits
About Early Years Vouchers Ltd:
Early Years Vouchers Ltd is one of the UK's leading childcare voucher companies. Founded in 2004, the company operates one of the UK's most advanced fully functional online childcare voucher systems for parents, carers and employers of any size - from large nationwide organisations with many thousands of employees to small companies with just two or three. The scheme enables each parent to achieve significant cost savings for the 2008-2009 tax year of up to £903.96 per year for a 20% tax payer and £1,195.56 per year for a 40% tax payer. Additional information is available at www.childcare-vouchers.net or contact:
Early Years Vouchers Ltd
Tel: 0845 0945 804
ThePressOffice - PR for Early Years Vouchers Ltd
Tel: 01780 721433