(May 10, 2018)(CNBNewsnet)--NJBIA President & CEO Michele N. Siekerka Esq. issued the following statement today regarding legislation expanding the benefits and eligibility of the Paid Family Leave Law (S-2528).
“We have historically opposed this legislation because it makes it more difficult and more expensive to run a business in New Jersey.
“New Jersey is already one of only four states that has implemented a paid family leave law. By expanding the length of paid family leave from six to 12 weeks, small businesses will have to pay more overtime to workers or hire replacement employees for longer periods of time. With the legislation lowering the exemption threshold from 50 to 30 employees, more small businesses will be adversely impacted.
“Small business is already scrambling to comply with a new paid sick leave law and new reporting requirements under a new pay equity law. In light of these and other cumulative costs on small and medium size businesses through current legislative efforts and in the proposed budget, we strongly urge our policy makers to take a pause and assess the impact this legislation and other policy initiatives will have on New Jersey’s business climate.”