Sick time pay is an obvious benefit for employees but, while not quite as apparent, it is no less beneficial for employers.
Tag: sick time
Many employers must use the by hours worked accrual rate to satisfy state and local sick time requirements. The laws that require employers to offer sick time also mandate the way in which that time accrues.
But that’s not its sole purpose. It is also a useful accrual rate for part time or temporary hourly employees because it helps keep employees from earning too much time off at times when they may not be working a regular schedule.
Most companies offer sick leave to full time employees, since nearly 80% of full-timers get some sort of sick benefit. If your company doesn’t, there are a few reasons you might want to consider writing up a sick time policy for your salaried employees.
First, it makes it easier to deal with the legalities of exempt employee salary deductions. Second, the office is just healthier when sick people don’t come into the office and infect everybody else. It may seem counter intuitive, but paying an employee to stay home when they’re sick benefits your employees and your company a great deal.
California is one of several states which mandates paid sick leave. The paid sick leave law applies to all employers, regardless of size or number of employees.
The law sets guidelines about accruals and usage. This is not intended to interfere with a company’s current policy but to provide a minimum sick leave requirement to establish a sick leave policy for companies that didn’t already have one.
Contributed by Seb Atkinson.
In the US, employees take an average of 4.9 days off each year in sick leave, according to research by PwC. If you’re a small business, these days can really add up – if you have 100 employees for example, that could mean an average of 490 days are lost each year due to sickness. As a result, it can really pay to reduce this figure and improve productivity by empowering your staff to live healthier, happier lives. Read on to discover how to achieve this.
The financial effect flu season has on the nation’s businesses is significant. According to the Annual Flu Season Survey, each year there are an estimated “70 million missed worked days” and “billions in lost workplace productivity.”
New York City has passed a law mandating that small businesses offer 5 paid sick days per year to full and part time employees.
New York City joins Portland, San Francisco, Seattle, Washington, D.C., and the state of Connecticut in requiring the benefit to some workers.
Similar measures have failed in Denver, Milwaukee, and Philadelphia.