I'm curious to see what the data fiends on HN can come up with for this!
Here is an interesting twist on the canonical 'birthday problem'[1] in probability: http://twitter.theinfo.org/174910990750728193#id174912339269787648
A more precise form (since I now have >140 chars): ' What is the prior (for a group of size N) for having exactly two collision pairs of birthdays, with one on 2/29?'.
I spent just a few minutes on this when first thinking about it last summer, but depending on how much information you're willing to incorporate, you could create a fairly complex model for this simple twist.
[1] http://en.wikipedia.org/wiki/Birthday_problem
Since you're looking for a specific birthday which occurs (assuming random distribution of birthdays), 1/1461 of the time. I think you've got n(1/(1461^y)) where n is number of employees and y is the number of people who could have Feb 29. That should give you the percentage likelihood.
1k employees => .4% chance
10k employees => 4% chance
Unless, they're twins :)
Wondering what you'd get from Bayesian. Maybe you wouldn't have to assume random distribution of birthdays? Like, maybe mothers really want to (or don't want to) have leap babies, so that slightly influences the likelihood of a Feb 29 birthday?