"Childcare Subsidy Pares NationsBank Teller Turnover by 32 Percent"
No authors mentioned
Work/Life Today, June 1999.
Available Online (subscription)
This case study describes the concrete financial benefits gained by NationsBank from its childcare subsidy program. Teller turnover is common and the bank loses between $2 to $3,000 each time a teller quits. By offering a $25/week childcare subsidy, the bank reduced its turnover rate from 46 percent to 14 percent among tellers who use it.