What coronavirus paid leave means for employees and businesses - Business Insider

If your business has fewer than 500 employees, it may be impacted by a new bill to guarantee employees paid leave., which can put a financial burden on employees when they are sick.

Many US companies currently do not offer paid sick leave, which can put a financial burden on employees when they are sick. "That's the problem they're trying to solve by creating a new federal entitlement to pay in certain situations," Barron told us. with fewer than 500 employees, your business will be covered by the bill. If your company already gives two or more weeks of paid sick leave, the bill may not change much. But if your company does not provide the two weeks, your company will be required to give employees job-protected paid leave the moment the bill is passed into law.

Barron said the bill would entitle employees to 10 weeks of paid leave. "That could include not only them being sick, but caring for a family member who's sick, or having to stay home because your child is out of school because of corona shutdowns," he said. of the bill this week that states any extension beyond 10 weeks would only be granted to parents taking care of children with shuttered schools and daycare centers.

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