BofA to Give Parents Backup Childcare Payments

The video discusses how Bank of America is addressing childcare challenges during the pandemic by extending childcare reimbursements and providing educational resources. Sherry Bronstein, head of HR, explains the bank's initiatives, including partnerships with educational organizations and advice for smaller firms to support their employees creatively.

What challenge are parents facing due to school and daycare closures?

• Lack of job opportunities

• Higher education costs

• Difficulty in finding childcare

• Increased work hours

What is the monetary benefit provided by Bank of America for childcare?

• $125 or $150

• $75 or $100

• $50 or $75

• $100 or $125

Up to what age does the childcare reimbursement program cover children with special needs?

• 21 years

• 20 years

• 19 years

• 18 years

Which organization is Bank of America partnering with to provide educational resources?

• Mathnasium

• Khan Academy

• Bright Horizons

• Sylvan Learning

What is the name of the program Bank of America is launching for children's education?

• Bank of America Kids Club

• Bank of America Junior Academy

• Bank of America Youth Program

• Bank of America Learning Hub

What is one suggestion for smaller firms to support employees during the childcare crisis?

• Utilize online tutoring resources

• Hire more staff

• Increase salaries

• Provide free meals

What creative solution is suggested for hiring childcare providers?

• Hiring retired teachers

• Hiring college students on a gap year

• Hiring part-time workers

• Hiring international students