MANY FIRMS OFFERING FLEXIBILITY IN WHO IS COVERED FOR SICK TIME; HOW IT IS ACCOUNTED FOR
Stamford, CT. [April 26, 2010] Leading that human resources consulting firm, OperationsInc (OI) and management consulting firm, Performance-Solutions-Group, Inc. (PSG), announce the third set of findings from their 2010 Benefits, Compensation & Salary Survey. 106 organizations in the Fairfield / NY Metro Area participated in this survey which focused on how businesses have been affected by the challenging economic climate and their resulting projections for Benefit Plans and Compensation policy for 2010.
The key findings from our survey:
- Of those firms offering unbundled/separate sick time policies and / or Paid Time Off plans (PTO), 94% offer 5 sick days or more to employees
- 38% of firms surveyed have PTO plans (vs. unbundled approach)
- 27% allow employees to use sick time for their illness OR illness of family members
- 44% said sick time is a use it or lose it
”With all the talk of a possible mandatory sick leave bill in CT and even a similar bill on the Federal level our survey results clearly show it is for the most part unwarranted,” said David Lewis, CEO of OperationsInc.”With an overwhelming majority of firms already offering a very fair allotment of time, injecting yet another legal hurdle for business, small business especially, as a government mandated requirement, makes no sense.”
Founded by David Lewis in 2001, OperationsInc (www.OperationsInc.com) specializes in HR solutions for small businesses and HR professionals. OperationsInc’s portfolio of offerings includes such services as: Human Resources Outsourcing, Recruitment Management Services, Benefits Administration, Outplacement Services, Exit Interview Services, Payroll Administration and Management and Staff Training.
Performance-Solutions-Group, Inc. (PSG) (www.performance-solutions-group.com) is a management consulting firm based in Stamford, CT founded by Wil Brewer in 2006, specializing in performance management, pay-for-performance compensation and diagnostic online surveys.
OperationsInc and Performance-Solutions-Group, Inc are both located at 992 High Ridge Road, Second Floor, Stamford, CT 06905.