Boost Productivity and Cut Costs with Paid Sick Leave

BOOST PRODUCTIVITY & CUT COSTS>8 WITH PAID SICK LEAVE Paid Sick Leaue in the U.S.- The Facts FULL-TIME WORKERS PART-TIME WORKERS 74% 24% About 74% of full-time workers get paid sick leave. Around 24% of part-time workers get paid sick leave. Smaller companies are more likely not to offer paid sick largely because of cost Around half of firms with 50 or fewer While 81% of companies with 500 or more employees offer paid sick time workers offer paid sick time A nationwide survey of small business owners found the majority of respondents offer five days of paid sick leaue or fewer: 5 days: 15.7% of respondents 6-10 days: 13.9% of respondents Less than 5 days: 30% of respondents Unlimited: 8.6% of respondents No sick days, only paid time off: 31.8% of respondents Care for a sick family member 90% of the top 10% of earners get paid sick time off Nearly 43 million private-sector workers do not have paid sick days to: 21% in the bottom Recouer from an illness 10% get it The Costs and Benefits of Paid Sick Time Lost productivity from illness costs the U.S. economy $227 billion per year Paid sick days help decrease the productivity lost when employees work sick, known as presenteeism This includes when an employee is absent as well as when a sick employee reports to work but does not perform at full capacity This is estimated to cost more than absenteeism Paid sick days result in reduced turnover Which leads to reduced costs incurred from advertising, interviewing, and training new hires Replacing workers can cost anywhere from 25% to 200% of annual compensation Or about 1% of total compensation The Labor Department puts the cost of paid sick leaue The cost of sick time as a percentage of total compensation has remained the same since the early 1990s 34 cents per hour per worker Each year 1.3 million hospital emergency department uisits could be prevented in the U.S. by providing paid sick days to workers who currently lack access This would reduce medical costs by $1.1 billion annually With more than $500 million in savings for public health insurance programs Paid sick days are associated with: Better self-reported general health among workers Workers who lack paid sick leave are more likely than those with paid sick time to: I SCHOOLI Come to Send their Delay medical care for themselues or work sick children to school while sick for family members Rely on expensive visits to Recover more slowly from illnesses emergency rooms When sick workers are able to stay home: The spread of disease Workplaces are healthier and Workers recover faster from illness and obtain timely medical care slows more productive Paid Sick Leaue in Action: The Results of Paid Sick Implementation Access to Paid Sick Leaue at Private U.S. Companies While the percentage of workers with holiday and vacation days has stayed the same or decreased over the last 20 years, paid sick and personal leaue has increased. PERCENTAGE WITH ACCESS 82% 77% 77% 77% 61% 50% 37% 15% 11% 2% PAID HOLIDAYS PAID PAID VACATIONS PAID FAMILY LEAVE PAID SICK LEAVE PERSONAL LEAVE 1992-93 2012 Seattle's Paid Sick and Safe Time Ordinance SEPTEMBER Took effect on September 1, 2012 Extended paid sick days access to approximately 150,000 workers who did not have paid sick time An audit found: The number of firms, number of employees, and total wages Nearly 70% of employers say they experienced 70% of There was no employers say they support the law evidence that the law had a negative impact on the economy no administrative increased difficulties with implementation District of Columbia's Accrued Sick and Safe Leaue Act MAY Extended paid sick days access to 220,000 private sector workers who did not have paid sick time Took 2013 audit found no evidence that the law effect on May 13, 2008 prompted businesses to leaue the city or discourage employers from establishing new business San Francisco's Paid Sick Leaue Ordinance Ш FEBRUARY Took effect on February 5, 2007 Extended paid sick days access to approximately 59,000 workers Workers can earn up to 9 sick days, but typically only used 3 sick days II 3 years after the law's implementation: More than 70% of employers reported no impact on profitability (another 15% said they didn't know) 2/3 of employers expressed support for the law Connecticut's Paid Sick Leaue Law JANUARY Took effect on Extended paid sick days access to approximately 200,000 workers January 1, 2012 A survey of employers found: The law has had minimal impact on costs Few employers have made adjustments such as increasing prices or reducing employee hours 15% of employers reported improved employee productivity 20% saw a reduction 30% saw a notable improvement in employee morale in sick workers coming in to the office Employee Abuse of Sick Leaue In 2013, more than a year after the law went into effect, companies reported few instances of employees abusing it: 4 OR MORE INSTANCES 7.7 6.0 1-3 INSTANCES NONE 86.3% EMPLOYEE ABUSE OF THE LAW Paid sick leave improves productivity, increases company morale, and cuts costs. Already enacted laws show the benefits of paid sick leave can outweigh the costs. money.cnn.com • nationalpartnership.org thefiscaltimes.com • iwpr.org hbr.org Brought to you by: In Partnership with: SUREPAYROLL A Paychex® Company GHERGICH&Co. dedodod DOD•DOD0 DODODODO