Sick Leave Bank

[Guest teresa]

Our company's management is allowing the employees to formulate a 'sick leave' bank policy. We would be extremely grateful for any information or suggestions from anyone who has experience in this area. Thanks.

[Sheila K]

Teresa:

In reviewing our policy, I stumbled upon a plan that I really liked:

The company requested donations of sick leave twice a year. Employees could donate any accrued vacation time (over 40 hours) to this sick bank. No names were released regarding who received the donations. An employee/management team was chosen to review requests for the donations. Financial need had to be shown and there was a maximum 40 hour donation that could be received. In this case, an hour was an hour, regardless of pay status. The only improvement I could see would be to "convert" the vacation hours to a cash amount to be paid at the hourly rate of the person receiving the donations.

Good luck.