CMI calls for better help for hard-pressed parents at work
The Chartered Management Institute (CMI) has called for more to be done to help families tackle the demands of work and home life.
In response to Chancellor George Osborne's Budget speech yesterday, Petra Wilton, director of strategy and external affairs at CMI, believes that more needs to be done to help hard-pressed parents in the workplace.
"The cost of childcare is a major barrier preventing women from returning to work and must be tackled to help families balance the demands of work with home life. Yet, while childcare costs are rising at an estimated five per cent a year, parents will have to wait more than two years for the promised new voucher scheme," she said.
" That's not only a problem for hard-pressed parents but for employers, as many still face skills shortages when recruiting for key jobs - this won't be helped if parents feel forced to take significant time out of the workplace during those two years.
"As our recent Women in Leadership White Paper highlighted, this is a particular problem for women, who can struggle to get their careers back on track if they lose touch with the workplace after having children. The two-year wait only means that more women will face this problem.
"The government's announcement on vouchers is a step in the right direction but it's disappointing that we haven't seen quicker progress.
Wilton welcomed other policies aimed at promoting business growth.
"Many managers will welcome the further reduction in corporation tax and the help on petrol costs, while the creation of a Single Growth Fund to implement Lord Heseltine's recommendations is also welcome.
"CMI is working closely with the Association of Business Schools to look at how business schools can best help improve local business's management and leadership capacity - an important driver of growth for the future."