Do you feel that the legislation will cost you $50K though?
My current employer is quite flexible with when I'm sick, and although there is no official policy, they'll give me the time off if I need it. I think I've taken one day in the past four years. Now, I am on salary, which I imagine many of your employees are not, but the point is that not all employees will need or take 5 days each year.
The other consideration is how a business might handle those days. For salaried workers, if they are not replaced for the day then there is no direct cost other than lost productivity. For hourly employees, yes there would be the cost of the employee that is off sick, but depending on whether you call someone else in or run an employee short for the day it might not cost more than your budgeted payroll. If you do need to call someone else in, particularly if overtime, that's where the additional cost would be. However if the person that ends up covering is already salaried (perhaps a supervisor or business owner), then no additional cost. So it really ends up depending on the business structure and the operational procedures that end up being developed.
No I don’t, and I am in full support of it, just pointing out the other side for those who dismiss this as a nothing burger. I’ve spent basically a lifetime already working in an industry where it’s been ok to work sick, even encouraged and seen as a sign of toughness or loyalty or whatever. Enough is enough. Covid has hurt my industry in many ways, and opened our collective eyes in many others.
I also have zero qualms about raising prices to make my margins. Used to be we all felt like we were in a race to the bottom, keep prices low, customers happy, make money on volume at any cost… those days are going away.