Childcare is important for children, and it is essential for working parents. Parents rely on childcare to help them enter, re-enter, or remain in the workforce. But access to affordable, quality childcare is hard to come by, and now due to the COVID-19 pandemic, families are experiencing additional challenges in finding childcare that meets their needs. It is no secret that parents dedicate significant energy and resources balancing their roles at home, in the community, and in the workplace. Parents must consider various factors in determining the level and type of childcare solutions that best meet their needs. These factors make up what we’re referring to as the ‘Childcare Equation.’

The economy and the labor market that powers it has undergone unprecedented transformation in recent months. Collaboration between the business and education communities is more important than ever. As labor markets adapt, communication between employers and educators—and the agility to adjust when needed—is critically important.

In today’s labor market, long-term talent strategies are often over-shadowed by the critical short-term needs of today and tomorrow. While immediate hiring needs are often the most pressing issues for HR departments, strategies like TPM can help businesses solve these common pain points—such as unfilled job openings, exorbitant training and onboarding costs, and attrition—and talent gaps collaboratively.