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Episode 9: Are Bigger Childcare Stipends Always Better? Our Research Says No + Upcoming Bills in Pennsylvania and Ohio
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Ever wondered how effective childcare tax credits really are for employers and employees? Join us as we uncover the intricacies of Pennsylvania's House Bill 1958, which offers a 30% tax credit for employers contributing to childcare costs. Doug shares insights from his upcoming father-son trip to Dollywood before we dive into the pressing topic of childcare stipends and their impact. Through our analysis, we'll reveal why larger stipends don't always equate to better outcomes and how you can maximize the efficiency of these benefits to significantly reduce employee turnover.
Stick around as we discuss the optimal monthly stipend range of (listen to find out), showcasing how this sweet spot can provide the best return on investment for businesses. We'll also address the broader implications of balancing turnover rates with employee satisfaction and absenteeism, offering a holistic approach to workforce management. Plus, we're celebrating some exciting milestones with you, including surpassing 202 downloads and 601 LinkedIn newsletter subscribers. To wrap things up, we share a fun fact about our soccer backgrounds and wish you all a fantastic Thursday.
Tune in for these insights and more!
Support the Show.
Thank you for joining us on 'Childcare Tax Break Breakdown'! If you found our deep dive into Indiana's childcare benefit program insightful, please consider subscribing for more valuable discussions. For further information, questions, or to share your experiences with childcare benefits, DM Doug or myself here on LinkedIn. Stay tuned for our next episode, where we'll explore more current and upcoming childcare grants and tax programs employers can take advantage of. Don't forget to leave us a review and share this episode with your colleagues. Together, let's make the most of workplace benefits and tax breaks!
Support our podcast and buy us a coffee (we need it):
https://www.buymeacoffee.com/taxbreakbreakdown
Chapters
1. Child Care Tax Credit Breakdown (00:00:02)
2. Maximizing Childcare Stipend Efficiency (00:14:13)
3. Analyzing Turnover for Business Improvement (00:23:42)
10 episodes
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