With the Employer Shared Responsibility provisions (also called the “Pay or Play” mandate) of the Affordable Care Act (ACA) scheduled to take effect on January 1, 2015, the countdown is on to prepare for upcoming changes. After all, some of your current part-time employees may soon be classified as full time for ACA purposes, making them eligible for healthcare benefits – at your expense. That’s why it’s time to develop a strategy that will help your organization manage ACA compliance and its potential cost impact. Determining the optimal ACA strategy starts with analyzing your full-time/part-time employee mix and how changes to that mix may affect critical business outcomes.
The Kronos Full-Time/Part-Time Analysis Report streamlines the process of determining your employees’ status and, therefore, their eligibility for healthcare coverage under the ACA. This report provides accurate, detailed labor information that will help you figure out the right mix of full-time and part-time employees to support your ACA compliance strategy – without compromising service levels, workforce satisfaction, or bottom-line results.
With the “Pay or Play” implementation deadline rapidly approaching, it’s critical that your organization’s approach to ACA compliance be determined as soon as possible. But since your decision will have a significant impact on how you provide healthcare benefits to employees, you want to make the best choice – both initially and moving forward – based on accurate, reliable data. The Full-Time/Part-Time Analysis Report can help your organization arrive at the optimal full-time/part-time employee mix to support your ACA strategy and to monitor employees’ status over time for ongoing compliance.
The Employer Shared Responsibility provision (the “Pay or Play” mandate) of the Affordable Care Act is scheduled to take effect on January 1, 2015. By starting to monitor key data such as employees’ hours worked now, you can ensure that you will have the information you need to determine the most cost-effective ACA strategy.
For more information on the Affordable Care Act, visit these sources:
To view a PDF or print a copy of the Kronos® Full-Time/Part-Time Analysis Report data sheet, click here.
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