If you have employees, this is IMPORTANT to your business. PLEASE READ THIS and remember not to kill the messenger! If you don’t have any employees, your work is done for the moment. Sit back and enjoy your day.
New Colorado mandates now REQUIRE that all employers provide sick-leave to every single employee.
Here is the summary of how this will work. Please note, this is a summary. For full details, see links below:
Effective January 1, 2022, all Colorado employers will be required to offer paid sick leave to all employees (full-time and part-time)…Employees will accrue 1 hour of sick leave for every 30 hours worked. Unused sick leave during a calendar year must be allowed to roll over to the next year.
Obviously, this is a significant change. While it is highly impactful to the bottom line for small businesses, it is wonderful that employees will receive the ability to call in sick. As a business owner myself, I understand the impact. I certainly want my employees to receive fair compensation and to be treated well. At the same time, I am always looking at my bottom line. The cost to small businesses must be carefully considered and must now be a part of your business budget. This new legislation makes me extremely happy and a little sick to my stomach all at the same time. I took some Pepto Bismol, splashed some cold water on my face and am moving on to follow the law.
Incline Business Essentials is NOT an HR firm, we are bookkeepers. That being said, we want to inform you of this new requirement and identify how we can help. We are providing you with a quick overview of the new law. For additional information, it is your responsibility as an employer to adhere to current HR laws.
For additional information, see links:
Or contact the Colorado Department of Labor for specific questions.
Need Help Tracking Accrual of Sick Leave?
But wait….all is not lost! Here’s how we can help! It is important that you are tracking the accrual of sick leave (1 hour of sick leave per 30 hours worked). We can handle this piece for you. If you would like our help, please contact our administrator, Tisha Summerhays at firstname.lastname@example.org. Tisha will be orchestrating this operation within our company but your account manager will handle the tracking process.
Setting up this tracking service will be billed as follows:
Gusto Payroll Users
At a flat rate of $200 onboarding and $50 per month for up to 5 employees, $5 per employee above 5. If your employees have difficulties with logins or requesting sick leave, we will bill hourly for assistance.
QBO Payroll Users
At a flat rate of $300 onboarding and $50 per month for up to 5 employees, $5 per employee above 5. If your employees have difficulties with logins or requesting sick leave, we will bill hourly for assistance.
You should update your employee handbook to reflect this new Colorado policy. Don’t have a handbook? You MUST take care of this to protect yourself and your employees. Your business and you personally are vulnerable if you are operating without a handbook. It leaves you open for potential lawsuits and/or fines. While we cannot write a handbook for you, we can facilitate this process through the use of payroll HR experts. Let Tisha know if you are interested. Pricing for this will be on a case by case basis.
Please know that Incline will make this change as seamless as possible. That being said, you will need to be involved. As a business owner, I understand it is HARD to put time and effort into these types of requirements. But here we are. So let’s hold up our heads, square our shoulders and get ready for the work. And know that we will be there to help and support you through these challenges.
If you have any questions, feel free to give us a call at 720-900-1301 or contact us below.