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The state of Colorado recently passed a new law that requires employers to provide paid sick days to their employees.
The law, known as the “Healthy Families and Workplaces Act,” went into effect on January 1st, 2021, and it has significant implications for employers in the state.
This new law is an important issue for the real estate industry, as the industry is heavily dependent on employees to maintain operations and keep the market running smoothly. In this blog, we’ll take a closer look at the new Colorado pay sick days law and what it means for employers in the real estate industry.
What is the Healthy Families and Workplaces Act?
The Healthy Families and Workplaces Act is a new law that requires employers in Colorado to provide paid sick days to their employees. Under the law, employees can earn up to 48 hours of paid sick leave per year, which they can use to care for themselves or a family member who is sick.
The law applies to employers with 16 or more employees, and it requires them to provide a minimum of one hour of paid sick leave for every 30 hours worked.
Implications for Real Estate Employers
The new Colorado pay sick days law has significant implications for real estate employers in the state. For one, it means that they will need to provide paid sick days to their employees, which can be an added cost to their operations.
Additionally, the law requires employers to provide paid sick days to all employees, regardless of whether they are full-time, part-time, or temporary. This means that employers may need to adjust their staffing levels to accommodate the additional paid sick days.
Another implication of the new law is that it may lead to increased absenteeism among employees. With paid sick days available, employees may be more likely to stay home when they are sick, which can impact productivity and disrupt operations. Employers in the real estate industry will need to be prepared for this possibility and have contingency plans in place to minimize the impact on their businesses.
Strategies for Compliance
To comply with the new Colorado pay sick days law, real estate employers will need to implement new policies and procedures. Some strategies for compliance include:
- Keeping accurate records of hours worked: To determine the amount of paid sick days that employees are eligible for, employers will need to keep accurate records of the hours worked by each employee.
- Developing a clear sick leave policy: Employers will need to develop a clear sick leave policy that outlines the process for requesting and using paid sick days. This policy should be communicated to employees and made easily accessible.
- Offering flexible scheduling: To minimize the impact of absenteeism, employers may want to consider offering flexible scheduling options, such as telecommuting or flexible work hours. This can help employees balance their work and personal responsibilities while still maintaining productivity.
The Benefits of Compliance
While the new Colorado pay sick days law may present some challenges for real estate employers, it also offers several benefits. For one, it can improve employee morale and satisfaction by providing employees with the ability to take time off when they are sick without having to worry about losing pay.
This, in turn, can lead to increased productivity and a more motivated workforce. Additionally, compliance with the new law can help employers maintain a positive reputation and avoid negative publicity.
By providing paid sick days to employees, employers can demonstrate their commitment to the well-being of their employees, which can have a positive impact on their brand and reputation.