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What's a Sick Day Worth? (March 1, 2012)

By Sarah Morgan
SmartMoney

"More states and cities are starting to require businesses to provide paid sick leave to their employees. Just how much the days off are worth depends who you ask – an employer or a worker.

Connecticut became the first state to mandate that companies with more than 50 employees provide paid sick days, and others may soon follow suit, the Wall Street Journal reports. For the 60% of private sector workers who currently have the benefit, they take an average of three days a year, says Kevin Miller, a senior research associate at the Institute for Women’s Policy Research who has studied this issue. For someone making $50,000 a year who takes the typical 3 days, the benefit is worth about $577 in gross pay."

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