BMO Financial Group
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NYSE : BMO

BMO Financial Group

February 10, 2012 14:06 ET

BMO Responding to Working Parents' Need for More Flexible Day Care Options

Bank partners with Kids and Company, a national quality day care provider, to provide emergency Back-up Child Care for employees with children.

- Studies consistently show the inability to balance work and family is linked to reduced work performance, greater stress, poor morale and higher employee turnover.

- Only 20 per cent of young Canadian children today have access to a regulated day care space; long waiting lists are the rule in most communities.

- An estimated 45% of working parents miss at least one day of work every six months due to child care breakdowns.

TORONTO, ONTARIO--(Marketwire - Feb. 10, 2012) - BMO Financial Group employees now have two more day care centre options, with the opening of new Kids and Company centres in Edmonton and Calgary this week. The service is part of a nationwide arrangement that the bank has in place with Kids and Company.

The facilities are provincially licensed, employ 40 teachers, and have space for more than 180 children from infants up to 12 year olds.

These services are available to BMO employees through 40, and soon to be 50, locations operated by Kids and Company across Canada.

Through this partnership, BMO provides its employees with 10 days of emergency Back-up Day Care a year. This service helps busy working parents when the unexpected happens and their regular child care arrangements fall through.

In addition, the partnership provides BMO employees with guaranteed access to regular day care spaces at any Kids and Company location. While BMO covers the cost of the emergency Back-up Day Care, employees pay their own regular day care fees.

"It makes good business sense to provide these options for our employees," said Gabriella Zillmer, Senior Vice President of Human Resources. "At BMO We have a diverse multi-generational workforce, so we need a diverse range of benefits to meet their different needs. For our working parents, we want to give them flexible, high-quality options that help them achieve a true work-life balance.

"Ten days of emergency day care provides our employees with the peace of mind that they can access safe and healthy day care if their other child care arrangements fall through for some reason. The additional benefit of guaranteed access to a regular day care spot is highly valued by employees who might otherwise have difficulty finding a space at all in a regulated day care facility."

Zillmer, whose company was recently recognized as one of Canada's Top 10 Employers by the National Post, said BMO has an excellent reputation as an employer of choice and has been very successful at attracting talented employees to help the bank execute its vision to be the bank that defines great customer experience. "Providing a valued and flexible suite of relevant employee benefits is just one more way that BMO tries to create a supportive work environment that is conducive to our employees' success.

Current Kids and Company locations available to BMO employees

(multiple locations in some cities)

  • Calgary, AB
  • Edmonton, AB
  • Richmond, BC
  • Vancouver, BC
  • Winnipeg, MN
  • Dartmouth, NS
  • Halifax, NS
  • Ajax, ON
  • Aurora, ON
  • Burlington, ON
  • Etobicoke, ON
  • Kanata, ON
  • Kingston, ON
  • London, ON
  • Mississauga, ON
  • Niagara Falls, ON
  • North York,, ON
  • Oakville, ON
  • Ottawa, ON
  • Scarborough, ON
  • Toronto, ON
  • Waterloo, ON
  • Woodridge, ON
  • Montreal, QC

More locations are coming soon to:

  • Edmonton, AB
  • Hamilton, ON
  • Markham, ON
  • Toronto, ON
  • Vancouver, BC
  • Victoria, BC
  • Winnipeg, MN

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