Australia: Offering Days and Payroll Costs

australia: And offering 10 days paid leave across all workers in Australia would cost between 85 million and 120 million a year for the whole economy, according to Nine News Australia. That's less than one-fiftieth of one per cent of existing payroll costs in Australia and less than one per cent of the estimated economic costs from domestic violence, the institute argues in its report, released on Thursday. Research undertaken by the Australia Institute's Centre for Future Work suggests only about 1.5 per cent of women and 0.3 per cent of men are likely to use such leave in any given year if it was available. The cost of doing nothing is enormous, since domestic violence imposes an ongoing economic burden every day on all segments of society, including governments and employers, centre director Jim Stanford said. Finance Minister Mathias Cormann was recently criticised for arguing such leave, which Labor and unions support, would damage Australia's international competitiveness. The extra payroll costs associated with extending this provision are so tiny they can hardly be measured. (news.financializer.com). As reported in the news.