How does Care for Business collect employer data used in the business impact calculator?

We collect data as employers interact with us via our websites, use Care benefits and services, and input data on the calculator. For more information on how we collect information provided by customers, please refer to Care’s Privacy Policy.

What types of data are used in the calculator to measure business impact?

To calculate the potential impact Care benefits can have on a business, we use a number of factors including: 

1. Employer-specific data as provided by the employer
2. Average utilization data based on industry averages across our book of business
3. Assumptions based on credible 3rd party resources

We recommend that employers use employer-specific data for a more accurate estimate of impact. If employers do not have access to all of the requested data, they can use default national averages.

What type of estimated business impact does the calculator measure?

Care can estimate measurable business impact of:

• Potential annual savings from lost productivity
• Potential recruiting costs saved from offering child care benefits
• Total potential savings from Care benefits

What 3rd party data is used to calculate business impact?

Examples of 3rd party data sources include:

• $51,480 is the average employee salary according to the U.S Bureau of Labor Statistics (2023).
• 2,080 hours is the average number of hours in a year according to Indeed (2023).
• 41% of the workforce has a child at home according to the Washington Post (2019).
• $4,700 is the average cost per hire (recruiting cost) per Society for Human Resource Management (SHRM) (2022).
• 32.7% is the voluntary turnover rate according to the US Bureau of Labor Statistics (2022).