02 Aug 2015 12:00:00 AM

Childcare Subsidy

Monetary benefits or discounts for employees with young children to alleviate the cost of childcare services.

Important Considerations
  • Eligibility, rules and regulations to utilise childcare subsidy arrangement must be clearly defined within the policy prior to implementation.

  • Identify childcare facilities based on employee’s requirements to engage vendor to offer subsidy.

  • The childcare subsidy policy should be reviewed at least once per year.

  • Childcare subsidy may not be applicable for all employees such as those who are earn above a certain level of income bracket (e.g Manager level and above), at discretion of the company In such cases, subsidies will be discontinued for employees progressing to such career levels.

  • HR may enhance or discontinue the policy if it no longer meets business needs.

Case Studies
 
CIMB Group
Tenaga Nasional Berhad
Agilent Technologies

Related Documents

Policy Implementation Guidelines: Childcare Subsidy