Sunday 25 September 2016

Three-quarters of bosses want childcare cost cut to help staff

Paul O'Donoghue

Published 09/10/2015 | 02:30

Call for lower childcare costs
Call for lower childcare costs

Three-quarters of business owners say lower childcare costs would have a positive impact on their employees, according to a new study.

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France Ireland Chamber of Commerce (FICC) polled its member on the issue amid speculation that childcare costs may fall in the Budget. A study carried out by the Irish Independent in September of more than 150 crèches across the country found that the average cost of childcare was more than €19,600 for two children under the age of three.

The FICC study also found that 59pc of business owners believe that the Budget will affect businesses more favourably than last year's one.

More broadly, the study found that business sentiment remains strong, with 77pc of respondents expecting revenue to rise in the next three months.

It also found that 63pc of bosses predict they will take on staff in the next three months while the remainder plan to maintain employee levels.

The president of the FICC, Schneider Electric Ireland managing director Jim Rice, said: "The results of the pre-budget survey indicate a strong feeling of optimism among the majority of our members towards next week's Budget announcement."

The survey was conducted among 150 FICC members between September 10 and October 1. FICC members include companies such as SRH, Smurfit Kappa and LK Shields.

Irish Independent

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