The Payroll Blog

News, tips, and advice for small business owners

Boost Productivity and Cut Costs with Paid Sick Leave

Posted On
6/9/2016
By
SurePayroll

Lost productivity from illness costs the U.S. economy more than $200 billion every year. This figure not only accounts for the time employees spend away from the office, but also when workers report to the office but do not perform at full capacity since they’re not feeling up to snuff.

In the U.S., roughly three quarters of full-time workers get paid sick leave, while around one quarter of part-time workers have the benefit. That leaves nearly 43 million private-sector workers without paid sick days to recover from an illness or care for a sick family member. Paid sick days not only decrease the productivity lost when employees work while not feeling well, but also result in reduced turnover, better self-reported health, and increase company morale.

Laws and ordinances already in place show firsthand how the benefits of paid sick leave outweigh the costs. Before you decide how many sick days you should give to your employees, read on for more statistics and facts.

boost productivity with paid sick leave

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This website contains articles posted for informational and educational value. SurePayroll is not responsible for information contained within any of these materials. Any opinions expressed within materials are not necessarily the opinion of, or supported by, SurePayroll. The information in these materials should not be considered legal or accounting advice, and it should not substitute for legal, accounting, and other professional advice where the facts and circumstances warrant. If you require legal or accounting advice or need other professional assistance, you should always consult your licensed attorney, accountant or other tax professional to discuss your particular facts, circumstances and business needs.