Newsletter Sign-up

Keyword Search HCX for your Favorite Author / Content

HireCentrix News Updates

Study's cost of paid sick leave: $789M a year

AddThis Social Bookmark Button

Business group fights proposed paid-sick-days mandate with a damning review of the costs. Proponents of the idea call the group's study flawed.

A study expected to be released Tuesday by the Partnership for New York City argues that the paid sick leave proposal under consideration by the City Council will increase private-sector payroll costs in the city by 0.3%,

or a total of $789 million per year, according to an advanced copy obtained by Crain's New York Business.

Employers who would have to provide benefits for the first time would experience the greatest hardship, the study argues, with small businesses and nonprofits shouldering $149 million, or nearly 20% of the annual costs.

Implementation would cost businesses 48 cents per hour per employee, the report says. The bill would require small businesses to give workers five sick days and larger ones to provide nine.

But the sick-day bill's proponents contend that the Partnership's study “uses flawed and unscientific methodology," and offer up new government data that challenge the Partnership report.

“There is a growing sentiment among employers that paid sick leave is the ‘straw' that will break their will to continue to grow or even to operate here,” according to the report.

The study of 708 employers found that only 12% of private sector workers in the city don't get paid sick days—a figure much smaller than the 48% who proponents of the bill say lack such a benefit.

Read More

Written by By Daniel Massey

Related Posts

Hirecentrix Jobs


OR
Click Here to POST JOBS - $45 for 30 Days
All Jobs Cross-posted to
SimplyHired for FREE

HCX Facts

US investment in the Netherlands from 2000 to 2010 was nine times more than US investment in China during the same period. US investment in the UK was more than seven times more, and in Ireland nearly three times more, than in China. (Source: Transatlantic Economy 2011

Who's Online

We have 419 guests and no members online

Dilbert

Login Register

HCX Login Register