Step 1: Risk Identification Step 2: Risk Assessment Step 3: Risk Management List of Possible Risks Arise From "Likelihood H/M/L" "Impact H/M/L" "Risk Priority H/M/L" Describe the risks Describe how to control the risk Team Responsible Strategic Customer Changes M M L Due to the increasing demands for childcare services, there will have about 200 more childcare centres to be built in the next 5 years. This has led to a greater competition in the childcare industry. Singapore government is willing to provide funds to those employers or building owner, who intend to set up child care centre for the first time. "Parenting is a very important aspect of work-life balance. Setting up the child care centre in the workplace allows the parents to come down and watch their kids perform or do their activity, and can go back to work right after. It is an effective strategy to attract and retain talent. It allows employees to bond with children & attracts more women back into the workforce. It has created a satisfaction among the parents. Our services help the firm to reduce staff turnover and absenteeism and allow the parents to perform well in their work. There will be a growing demand for child care centres in the workplace. In the academic area, children have opportunities to attend advanced studies in the arts and sciences found at institutions of higher learning. This will help us to build up a good reputation with unique services, which allows us to keep expanding our business to overseas. " CEO, MD & Academic Development Team Growth Strategy Branding/Image Competition Operational Accounting Process M H M Operational risks come from the internal failures, such as internal processes, people management & sys... ... middle of paper ... ... Our childcare business success depends largely on the quality of our staffs and curriculum development. Due to limited funding, we are unable to increase the staff salaries. As a result, the staffs will go to better-paying companies. Sometimes we may lose good candidates during recruitment. We are changing our paradigm about staff salaries to remain competitive in the childcare market and able to recruit high quality staff. We will make it a priority to raise sufficient funds to pay quality staff the salaries they deserve. In order to retain the staff, we will give periodic raises and put funds into our budget for staff training and life enhancing activities. Other program staffs will provide support to our childcare staffs, in order to help them to manage their overload in busy times. MD, Finance & Academic Development Team Limited Resources Training
The work that I have done to give you the budget for this assignment has been so much information that a whole semester could be done just on Early Childcare start-up budgets. Mt reference list is enormous and I had to make myself stop looking up information so I could complete my assignment. The first step for my budget was from our text and class website discussions and links. Each link lead to another and another and so much information from cleaning regulations to how to do you taxes. To start a Childcare program there are many steps besides your level of education that you need to contemplate.
Childcare is a necessity for a large number of working families and single parents. Fortunately, there are many options available to meet both the needs of the family and their budget. Each option comes with advantages and disadvantages. We will provide some basic information regarding each type, as well as some guidelines in regards to estimated cost.
There is a problem in Texas impacting children’s futures; many childcare centers and homes are not providing children with quality care. In an article about cost and quality in Texas childcare, child development experts Susan Eitel and Joyce Nuner quote a study stating “that [nationally] only 10% of infants and toddlers are in high quality [childcare] programs” (34). The term ratio describes the number of children one caregiver is watching. This number is one of the major factors in the quality of a childcare program. Organizations such as the National Association for the Education of Young Children know as NAEYC release recommendations regarding ratios and accredit programs based on their compliance. Childcare centers and homes must comply with certain minimum standards enforced by Texas regarding ratios; however, these standards often set the bar lower than recommendations made by these early childhood experts. The current standards in Texas do not ensure that all young children receive quality care; for this reason, the Texas Department of Family Protective Services should strengthen the minimum standards regarding ratios to better regulate the quality of care children receive.
Formal childcare can be expensive and for many of the families within this community, out of the question. Parents rely on friends or family who happens to be close in proximity to care for the children during the days when they are at work or out looking for employment,
Over time, the debate of childcare issue within the Canadian public policy context has been raging. Rise in the media attention of the social issue of childcare policy in Canada concentrates on the relationship and coordination among the federal, provincial, and territorial governments in addressing the social issue (Finkel, 20013). According to Lewis Steven of The Star Canada News Agency, childcare is one of the priorities the Canadian Federal Government need to consider when designing its social policies. According to Lewis (2013), the Canadian Federal Government needs to consider the safety net income as an important factor contributing to affordable childcare services in the country. In Canada, parents or members of extended family have the responsibility of providing childcare services without the consideration of family net income. However, outside the family, there are many childcare providers operating as private individuals or agencies. Such childcare providers operate as private businesses.
The process of opening a childcare facility is thorough, tedious and time consuming. The benefits of following proper procedures are time saving, informative and essential to the well being of the children being served. As the process begins there are many avenues in which to gather your information. You may choose to reference a textbook for initial pre-licensing direction. A University approved text would be “Developing and Administering a Child Care and Education Program authored by Dorothy Sciarra (Sciarra, 2007). This text will provide valuable information on assessing community needs and establishing a program, as well as licensing and certification objectives and resources. Another avenue source you may choose to access is direct contact with your state run division of childcare licensing. For the state of California, in which I reside, the local contact information is: Fresno Regional Child Care Office located at 770 East Shaw, Suite 300 Fresno, CA 93710. Their contact phone number is (559) 243-4588.. By directly contacting this office, telephone instruction can be provided which will lead you to the necessary steps required to begin the licensing process.
The challenge of finding a quality childcare facility and program for a 6 month old child can be very challenging. This task will require the analysis of multiple facilities and learning programs to find the right fit. In order to choose a quality childcare facility, it’s important to consider and analyze such factors as the quality of the facility, the professionalism of staff, the learning program practiced or offered and the safety and security of the facility. To find quality childcare it may be necessarily for parents to compare two to four different facilities and ask lots of questions in order to find the right match for your child.
The childcare industry has variables including childcare by a family member, a traditional caregiver or a day care center. It depends on a family’s situation as to which one benefits them most. The two types of childcare to be discussed are the traditional caregiver and a day care center. Parents must decide whether they want a one-on-one or a group setting for the care of their children.
An increase in baby booming makes it tougher for working parents to find daycare. The facts prove that having children come with a true price. Even so it doesn’t change the issues of finding child care or makes them go away. When parents work, quality child care is a necessity. And it does not come cheap. For families with more than one child, child care can eat up one salary, leaving parents wondering both working is worth it. When thinking of child care there are some options to consider like choosing a child care center, the costs of child care centers, and waiting lists.
Parents are always questioning whether they would like to have any more children someday. One of the aspects parents think about in this decision is child care. Child care can be pricey and the quality of the child care is also something to think about as well. Parents want their child to grow up and become very successful in life. Choosing a daycare from infant on, is part of the process to becoming successful as they grow. For one to add on to the family they need to think about the quality of child care, the price of child care, and attention of care: how their child will be raised. High-quality child care should be provided at public expense to all working parents!
Most of the Early Childhood Care program is mainly aim for the both working families. The main idea is supporting equality of ideology by women to participate in work force. In History women like to have the same right to get the chance to work as the man. Providing the Early Childhood Care service is allowing women for to get the workforce, also for women who enter the war in Second World ...
Children who participate in quality early learning programs tend to be more successful later in school. They are also most socially and emotionally competent. In addition those children show higher verbal and intellectual development during early childhood than children who do not participate in early learning programs (A Parent’s Guide to Choosing Quality Child Care). In order for a child care center to be a quality center they must have an educated staff, a program accreditation, and good health and safety practices. Parents choose high quality child care for many reasons. These programs prepare children for school in which they gain intellectual and social skills. Also the programs are a good opportunity for children because they receive age-appropriate learning materials and activities to let the children learn and grow.
As children interact with the child care professional several hours a day, parents always look for persons of good influence who can help in the development of their child’s emotional, intellectual and social aspect. Therefore, the characteristics that a childcare worker must possess in order to be successful in the field is, having a positive outlook when working with children, being always patient with them, having excellent communication skills, being energetic both mentally and physically, being flexible in dealing with the young hearts, and being well informed. Further, a good childcare worker must have an honest and inborn interest for children, be compassionate to their needs, and must feel motivated to help them. Without the quality of being patience, childcare workers
Childcare is widely known as the regular non-parental care of children while parents are absent. Many reasons like work, studying or just having a break from raising children push parents to the use of child day care. But with the increase of both parents, especially mothers, opting to go back to work sooner rather than later after having children, demand for child day care is increasing accordingly. This increase has initiated much research into the short and long term emotional, cognitive and social behavioural patterns of children receiving non-parental care.
Working all day and then coming home to a young child can be difficult, at best. After putting all one’s energy into doing his/her job well -- answering to a boss's, co-workers', clients', and/or employees' demands. The last thing a parent may feel like doing is answering to their child's. However, these thoughts just make people feel guilty. These and other problems are more common in today’s households than society may realize. The stresses people face in the workplace today are far more demanding than they were during their parents careers.