Sick day payouts are almost non-existent for private sector employees, said John Metcalf, director of human resource policy for Wisconsin Manufacturers & Commerce.
From this article in the MJS.
I have not done an in-depth study on this, but here is my personal experience:
Both of the full-time hourly employers that I have worked for in the private sector have allowed sick-day payouts. The difference being that they were in the same year.
If I was alotted 5 sick days in 2006, and only took 1 - I was payed out the remaining 4 in cash at the end of the year.
I do not have this benefit now. After I switched from an hourly position to a salary position, the perk was removed. However (and this is the key here...) it was replaced with a different benefit.
That way I did not lose in total compensation, I actually improved.
That is the rub in this discussion. If we take this benefit away, and we want to keep good people in place, what are we going to replace it with?
The American way is supposed to be fair pay for fair work. We offered these employees a position with defined benefits and wages that made up a compensation package. We cannot change those rules part-way through employment and after years of service.
It is unfair, it is un-American.