Behind each of these enterprises is CorporateFamily Solutions, a Nashville-based developer and manager of workplace child care and family centers. Its co-founder, president, and CEO is 51-year-old Marguerite Sallee, whose soft
CorporateFamily’s founding dates back a decade, when Sallee, then
A typical service involves setting up, staffing, and managing an on-site child-care center, while corporate clients pick up the bill for the capital investment and pay an annual management fee. Child care starts with six-week old infants, and includes pre-schools with certified teachers, and summer camps.
The growing enthusiasm for corporate sponsored child care is in sharp contrast to the closed doors Sallee says she encountered years ago. Why the change? “It’s not just the altruistic thing to do,” she says of her company’s services. “It’s to deliver bottom-line value.” Chase Manhattan Bank, for example, saved $803,175 by avoiding missed working days in 1996. And in today’s tight labor market, companies have discovered that child care is a deciding factor in attracting skilled employees.
Responding to client requests, Sallee is now moving into a broader range of family services, such as consulting on flex-time, parenting, and even corporate-sponsored primary schools and elder care. Montgomery Securities analyst Michael Moe approves of her plans to use some of the IPO cash for acquisitions in these areas, setting CorporateFamily apart from competitors like Bright Horizons and KinderCare. “She’s a very strong leader who combines vision with savvy operational skills,” he says.