Mirza - 3x3x3 Challenge With Mel Faxon
Mirza is a common app for government childcare benefits. For approximately $60 PUPY, Mirza delivers an average of $10k/child/yr to employees.
Transcription:
What is Mirza?
Simply put, Mirza is a common app for government childcare benefits. Childcare is a critical infrastructure for American businesses and workers. 40% of parents are in debt over the cost of childcare, leading to one in four parents either reducing hours or dropping out of the workforce entirely each year, costing US businesses 23 billion dollars in lost productivity and the US economy $122 billion every year. Our tech platform simplifies access to childcare subsidies by screening eligibility, generating applications, and helping families tap into unclaimed government benefits, all through a single mobile-friendly platform. We help employers enable access to funds that their employees are already entitled to, so that they can afford the care they need to come to and stay at work.
How is Mirza different?
So, we are designed for the front lines. Folks who are working on an hourly schedule, who are usually left out of benefit access, and who need the most help. We're one of the most cost-effective solutions for childcare. For an average of about $60 per user per year, we can deliver up to $10,000 per child per year, with money that doesn't come out of your balance sheet, and employees love us. Even last month, we launched with a client and had 35% uptake in the first week alone. When you look at some of the most prominent maternal health benefits, for example, uptake is around two to five percent, or even twice what 401k participation is with similar populations.
Who is a good fit for Mirza?
So, we are a great solution for employers who have large hourly populations, or salaried folks making less than $80,000 a year. So, think industries like retail, manufacturing, construction, travel and hospitality, healthcare. Industries who are plagued by high turnover, and who are having trouble recruiting. By providing the financial support parents need to ensure that their children are receiving quality and safe care, we can help reduce turnover and ensure that your business operates smoothly, and reduce the impact on your bottom line.
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https://benefitsally.substack.com/
Transcription:
What is Mirza?
Simply put, Mirza is a common app for government childcare benefits. Childcare is a critical infrastructure for American businesses and workers. 40% of parents are in debt over the cost of childcare, leading to one in four parents either reducing hours or dropping out of the workforce entirely each year, costing US businesses 23 billion dollars in lost productivity and the US economy $122 billion every year. Our tech platform simplifies access to childcare subsidies by screening eligibility, generating applications, and helping families tap into unclaimed government benefits, all through a single mobile-friendly platform. We help employers enable access to funds that their employees are already entitled to, so that they can afford the care they need to come to and stay at work.
How is Mirza different?
So, we are designed for the front lines. Folks who are working on an hourly schedule, who are usually left out of benefit access, and who need the most help. We're one of the most cost-effective solutions for childcare. For an average of about $60 per user per year, we can deliver up to $10,000 per child per year, with money that doesn't come out of your balance sheet, and employees love us. Even last month, we launched with a client and had 35% uptake in the first week alone. When you look at some of the most prominent maternal health benefits, for example, uptake is around two to five percent, or even twice what 401k participation is with similar populations.
Who is a good fit for Mirza?
So, we are a great solution for employers who have large hourly populations, or salaried folks making less than $80,000 a year. So, think industries like retail, manufacturing, construction, travel and hospitality, healthcare. Industries who are plagued by high turnover, and who are having trouble recruiting. By providing the financial support parents need to ensure that their children are receiving quality and safe care, we can help reduce turnover and ensure that your business operates smoothly, and reduce the impact on your bottom line.
Click this link to subscribe to the BenefitsAlly Substack for FREE!
https://benefitsally.substack.com/