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Time - Man of the Year
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Time_Man_of_the_Year_Compact_Publishing_3YX-Disc-1_Compact_Publishing_1993.iso
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09219923.000
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1993-04-08
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THE WEEK BUSINESS, Page 18Families and Work
Top companies launch a dependent-care program for employees
Big corporations generally prefer that employees leave their
personal lives at home. But with 57% of women with children
under six working outside the home, and 10% of all workers also
serving as the primary caretakers for aging parents, business
executives are finding that workers without proper day-care
arrangements are workers whose minds aren't on the job. To help
regain their attention, 137 major companies and organizations --
from AT&T to Mobil to the YMCA -- announced an unprecedented
program to fund dependent care for employees' children and
elderly relatives.
The newly formed American Business Collaboration for
Quality Dependent Care plans to devote $25 million to fund 300
programs in 44 communities around the U.S., including
Washington. The initiatives range from in-home arrangements for
the elderly to school vacation programs and day-care facilities.
In Washington, the House approved legislation that would provide
employees with as much as 12 weeks of unpaid leave a year to
care for relatives and newborn or sick children. But President
Bush is expected to veto the bill.