As cases of COVID-19 continue to rise throughout the country, so does its impact on our economy. From stock market dips to decreased foot traffic in thriving neighborhoods, it's vital that our federal and state officials enact short and long-term policies that will offset these effects, particularly for our small business community, whose success is critical to our nation's economic health. Focusing on key policy issues will help support America's job creators.
Paid Sick Days
California’s paid sick leave law, which went into effect on July 1, 2015, allows employees to take time off from work to address their health or a family member’s illness without losing a paycheck.
The paid sick leave law in California helps promote a healthy workforce while benefiting small employers’ bottom lines through reduced employee turnover and increased productivity. Additionally, it helps employers take care of their employees in order to retain a loyal and healthy workforce and to attract top talent.
Small business owners in the Empire State have been working tirelessly to pull the state’s economy back from the brink of the Great Recession. The long hours and commitment they put into their businesses are rivaled only by their employees, whose hard work is crucial to the success of the business. That’s why New York small business owners feel it makes good business sense to take care of their employees, as it’s crucial they retain a loyal, talented workforce.
Small business owners have been working tirelessly to pull the economy back from the brink of the Great Recession. The long hours and commitment they put into their businesses is rivaled only by their employees, whose hard work is crucial to the success of the business. That’s why small business owners feel it makes good business sense to take care of their employees, as it’s crucial they retain a loyal, talented workforce.
Scientific opinion polling shows small business owners support implementing laws that would allow employees to earn paid sick days to use when they or an immediate family member is sick, and the majority also offer a variety of benefits to their employees.
Small Business Majority released a scientific opinion poll that found the majority of small businesses support publicly-administered paid family and medical leave insurance programs, which would allow employees to receive partial income when they need to take time off to recover from a serious illness or care for a new child or sick family member.
Many small business owners think of their employees as family, and they believe in taking care of their employees in order to retain a happy and loyal workforce and to attract top talent. They also know it’s important for their employees to be able to balance their work and family responsibilities. New scientific polling shows the majority of small businesses in Louisiana, Michigan, Mississippi and New Mexico offer benefits like paid leave and provide family-friendly policies for their employees.
When you talk to business owners about what make their business successful, they often say their employees are their number one assets. That’s certainly true for the Columbus small business I co-own with my father, Wolf’s Ridge Brewing. We want to keep our employees happy, and for us, part of how we do that is by offering paid family and medical leave via a short-term disability policy. But paid leave isn’t just about treating our employees well – it’s also boosted our bottom line by increasing employee retention and morale.
I’m a small business owner, and I’m also a new dad. These identities give me insight into a topic that's been front and center lately: paid family and medical leave. It’s considered common sense that new parents are in favor of paid leave, as we want to spend time with our children and understand that others parents do as well. But what most people don’t realize is that a majority of small business owners support paid leave as well. I have nine employees on my team, and it’s important for me to maintain a strong workforce.
Many small businesses can’t afford an HR department, which means that benefits – like health insurance, paid leave and retirement – can be difficult and costly to administer. But employee turnover is expensive as well, costing an employer approximately 75 to 150 percent of an employee’s salary. Benefits can be key to reducing employee turnover, increasing employee productivity and ultimately boosting businesses’ bottom lines.