Abstracts: February 20th, 2003

This survey commissioned by The Chartered Institute of Personnel and Development shows that those who can least afford to stop work and take on parenting full time are more likely to opt for this option because of a lack of affordable childcare. The survey revealed that 22% of parents with an annual household income of below 20,000 pounds had given up work completely. Only 10% of parents with an income in households earning above 20,000 pounds gave up their jobs as a result of becoming a parent. Nearly 60% of higher earning parents – in households earning over 40,000 pounds per year – report that they are working exactly the same number of hours. The average cost of a nursery place in the UK for a child under two costs over 6,000 pounds per year according to the latest figures from the Daycare Trust, rising to 7,500 pounds in London and the South East. Other findings include 52% of respondents believed that becoming a parent has affected their career and for women the figure is 72%.Published by the Chartered Institute of Personnel and Development. http://www.cipd.co.uk