Recently it has come to my attention that lost productivity due to illness costs the economy here in the U.S. more than $200 billion a year. And to make matters worse, this figure refers to both the time an employee spends away from work and to instances in which employees come to the office, but they are unable to perform their tasks at full capacity because they’re under the weather.
Approximately 3 out of 4 American full-time employees receive paid sick leave, while only 1 in 4 American part-time workers actually enjoy this benefit. Thus, by doing some simple math, we find that 43 million private-sector employees are not receiving paid sick leave to recover from an illness or care for a family member that requires their assistance.
Paid sick days means that employees will see a significant decrease in productivity when they have to work when they are ill. Also, this results in reduced turnover, a huge boost in company morale and an improved health. Before deciding how many sick days you should give to your employees, make sure to read the following statistics and facts.