#3: Paid Sick Leave.: BLS Says
#3: Paid Sick Leave.: BLS Says
#3: Paid Sick Leave.: BLS Says
Paid sick leave is another popular benefit among employees (and may be required in your
jurisdiction). Several cities and states require employers to provide paid sick leave, so check your
Offering paid sick leave may be more affordable than you think. The BLS says that the average
cost to small employers for offering paid sick leave in 2018 was 20 cents per hour worked (or 0.7
percent of total compensation). The benefits of a paid sick leave program may outweigh this
cost. With paid leave, sick employees are more likely to stay home, decreasing the spread of
germs in the workplace. This could limit additional employee absences and help to minimize a
dip in productivity.
employees have come to expect. Options such as consumer-driven health plans (CDHPs), which
are typically high-deductible health plans tied to a health savings account, are generally less
expensive than traditional health plans. Additionally, small employers who meet certain
eligibility criteria and who offer health coverage through the Small Business Health Options
Program ("SHOP") Marketplace may qualify for a Health Care Tax Credit.